Ukraine: VSMPO-Avisma not to invest in DGOK

VSMPO-Avisma decided not to invest into the expansion of Demurino Mining and Processing Works capacities to 50 thousand tons because of economical reasons. “At present we get 12-15 thousand tons of ilmenite. We won’t invest in the capacity increase”, the corporation CEO Mikhail Voevodin said. “When we bought DGOK, it already had a factory. Now…

Russia: Seligdar losses down in H1 2017

In January-June Seligdar received 283.3 million rubles of net losses, down by 42% YoY. Earnings increased by 19.6%, to 2.3 billion rubles. Gross profit dropped by 1%, to 699.6 million rubles. Losses before taxation totaled 343.5 million rubles, down by 43%. EBITDA decreased by 16%, to 711.9 million rubles. As of June 30, the company…

Russia: Vysochaishiy gets Sberbank loan

Sberbank CIB has signed two loan agreements of providing Vysochaishiy, a part of GV Gold, with $150 million (8.7 billion rubles).

The first agreement presupposes the loan of $100 million (5.8 billion rubles) for 5 years. While the second is for 3 billion rubles ($50 million) for 3 years. (Ukrainian metal)

Ukraine: AMKR to purchase special equipment and repair two patient rooms of Kriviy Rih Municipal Clinic

PJSC ArcelorMittal Kriviy Rih granted a certificate for total amount of 3 million UAH to purchase special equipment and repair of two patient rooms in the burn ward to Kriviy Rih Municipal Clinic No. 2 of Dnipropetrovsk Region Council. Kriviy Rih has big medical center – Kriviy Rih Municipal Clinic No. 2 of Dnipropetrovsk Region…

Ukraine: Donetsk region metal output down in January-July 2017

In January-July Donetsk region (without the antiterrorist operation zone) decreased output by 12.9% YoY. Coke output in July increased by 7% MoM, but decreased by 12.8% YoY, while metal manufacture decreased by 9.4% and by 25.9% respectively. Coal mining in 7 months totaled 6.4 million tons, down by 23.7% YoY. Pig iron output decreased by…

Russia: BZF appoints new managing director

Bratsk Ferroalloys Works has appointed Sergey Sokolov the managing director of the company. The ex-manufacturing and quality director of Kuznetskiye Ferrosplavy replaced the acting managing director Mikhail Mikhailov, who retired. Mikhailov contributed a lot to the development of Bratsk Ferroalloys Works. With his participation the company has reconstructed the smelting furnace No. 4, as well…

Russia: PNTZ pipes certified according to Intergazcert

Pervouralsky Pipe Works has passed the certification audit and received the certificate for compliance with the Gazprom 9001-2012 standard requirements in the Intergazcert system. The successful passing of the audit has confirmed the correspondence of PNTZ quality management system to the Gazprom corporate standard for suppliers. The Intergazcert system of voluntary certification was created by…

Russia: KUMZ profits down in H1 2017

In January-June Kamensk-Uralsky Iron and Steel Works received 60.4 million rubles of profit, down 60-fold YoY.

EBITDA totaled 117 million rubles against 4.6 billion rubles in H1 2016.

At the same time revenue increased by 6.5%, to 12.38 billion rubles. (Ukrainian metal)