Russia: BrAZ profit up in Q1 2019

In January-March, the net profit of Rusal Bratsk Aluminum Works increased 1.9-fold YoY, to 1.344 billion rubles. Revenue grew by 7.4%, to 27.214 billion rubles, and gross profit – by 9.7%, to 2.619 billion rubles. Other income increased 5.5-fold, to 570.3 million rubles, while other expenses dropped 2.8-fold, to 42.5 million rubles. (Ukrainian metal)

Russia: MMSK replaces filter equipment

Mednogorsk Copper-Sulfur Works has carried out a project to replace filter equipment. New Shandong Jingjin Environmetal Protection Equipment Co. Ltd filter-presses have been assembled at the dust-processing site of the sulfur acid shop. Investments reached 41.2 million rubles. The filtration area of the new equipment is almost twice larger – 240 square meters. (Ukrainian metal)

Russia: NLMK places $500-million 7-year Eurobonds

NLMK announced the placement of 7-year $500-million Eurobonds with an annual coupon rate of 4.7% payable semi-annually. The proceeds will be used for general corporate purposes. The issue was oversubscribed more than three-fold with the order book exceeding $1.7 billion at the peak and more than 150 investors. The final order book was subscribed by…