Russia: MMK net profits up in H1 2017

In January-June Magnitogorsk Iron and Steel Works received $538 million of net profit, up by 10.7% YoY.

According to the company statement, its EBITDA increased by 29.2%, to $907 million, earnings grew by 37.8%, to $3,586 billion.

In 2016 MMK produced 12.5 million tons of steel, up by 2.5% YoY. (Ukrainian metal)

Russia: EAEC angles investigation prolonged

The Eurasian Economic Commission department of the local market protection has prolonged the antidumping investigation on the imports of hot-rolled steel angles from Ukraine. The investigation term has been prolonged until October 10. In early July the investigation proved the existence of dumping. It was suggested to impose an import duty of 37.89% on the…

Russia: construction of new solid waste landfill at Bystrinsky Mining and Processing Plant completed

As part of preparations to launch the Bystrinsky Mining and Processing Plant, Nornickel has completed construction of a modern landfill site for solid waste. Designed to eliminate the plant’s environmental footprint, it is the only waste disposal site in the Trans-Baikal Territory today that is fully compliant with all sanitary regulations. Nornickel treats environmental protection…

Russia: Ruspolymet net profits down in H1 2017

In January-June the net profit of Ruspolymet decreased 2-fold YoY, to 201.3 million rubles. The company earnings increased by 15%, to 4.1 billion rubles, sales profits dropped by 15%, to 728.1 million rubles. EBITDA decreased 1.6-fold, to 273 million rubles. According to the company statement, its accounts payable totaled 4.479 billion rubles as of late…

Russia: MEGA-stal opens new LDP shop

MEGA-stal (Moscow region) has completed the manufacture modernization.

Now the company operates a new shop to produce electric welded pipes without the circular seam according to GOST 20295×85.

The pipes are manufactured in the 630-1020 mm diameter. (Ukrainian metal)

Russia: STZ modernizes pipe-rolling shop

The pipe-rolling shop No. 1 of Seversk Pipe Works has successfully finished scheduled repair and modernization works. The modernization of the FQM continuous casting machine and the pipe-finishing site lasted for 14 days. As the result, the exploitation characteristics of the shop machinery have improved, and the FQM mill operational stability has increased, which will…