In 2019, Metalloinvest received $1.731 billion of net profit, up by 5.1% YoY. Revenue dropped by 3.2%, to $6.96 billion. EBITDA decreased by 14.3%, to $2.514 billion. Debt increased by 0.2%, to $4.059 billion. Capital expenses grew by 17.2%, to $517 million. (Ukrainian metal)
Russia’s production of unrefined, semi-refined or powdered gold rose by 4.5% YoY and by 3.4% MoM in February, the Federal State Statistics Service said in a report on March 17. In January-February, gold production rose by 6.3% YoY. In 2019, gold production grew by 17%. No absolute figures were disclosed. (Prime/Ukrainian metal)
In January-February, Ukraine did not export any scrap. 397 thousand tons of scrap were procured in the country, up by 12% YoY. And everything was supplied to domestic metal companies. (Ukrainian metal)
In January-February, Ukraine imported 165.864 thousand tons of manganese ore and concentrate valued at $21.778 million, down by 31% and by 54.1% YoY respectively. The main suppliers were Ghana (88.08%), South Africa (6.5%) and Russia (5.41%). Exports in 2 months totaled 1.116 thousand tons valued at $116 thousand as opposed to 67 tons at $10…
Alchevsk Iron and Steel Works and Alchevsk By-Product Coke Plant are waiting for the arrival of new owners. All the operation at the latter are suspended, the territory is being cleaned. Coke manufacture will stop on March 18. In December 2017, Industrial Union of Donbass lost control over its Alchevsk-based assets and offices. The plants…
In 2019 Nordgold received $166.9 million of net profit, up 1.8-fold YoY. EBITDA grew by 42%, to $667.3 million. Revenue increased by 27%, to $1.448 billion, with the average sales price up by 10%, to $1399 per ounce. The company net debt decreased by 14%, to $791.9 million. (Ukrainian metal)
In January, Metinvest B.V. increased revenue by 5.5% MoM, to $821 million. EBITDA totaled $73, up by $112 million. Metal division revenue grew by 9.8%, to $681 million, mining division revenue was $234 million and inter-group sales – $94 million. Debts dropped by $5 million, to $3.032 billion. Metinvest received $38 million of profit from…
MMK-Metiz is commissioning a new continuous hot galvanizing line for wire with diameter of 1 to 4.5 mm. Under the program, to modernize galvanizing manufacture the company also intends to reconstruct its existing galvanizing line. A new cooling system will be installed. Moreover, the company plans to start producing zinc-coated wire with shiny surface. The…