Russia: MMK net profit up in 2017

In 2017 MMK increased its net profit by 7% YoY, to $1.189 billion. According to the company statement, its revenue grew by 34%, to $7.546 billion, with EBITDA up by 3.9%, to $2.032 billion. Last year MMK produced 12.86 million tons of steel, 10.163 million tons of pig iron and 11.333 million tons of rolled…

Ukraine: DSS output up in 2017

In 2017 Dneprospetsstal increased steel output by 9.1% YoY, to 258.5 thousand tons.

According to the company statement, rolled metal manufacture grew by 11.8%, to 169.2 thousand tons.

The cost of the products manufactured last year totaled 8.187 billion UAH, up by 30.1% YoY. (Ukrainian metal)

Ukraine: UGOK concentrate output up in January 2018

In January Yuzhniy Mining and Processing Works increased concentrate output by 0.6% YoY, to 1.053 million tons. According to the company statement, sinter manufacture dropped by 35.5%, to 131.4 thousand tons. The decrease is the result of the market situation change. In 2017 UGOK produced 12.27 million tons of concentrate and 1.858 million tons of…

Ukraine: EMSS produces 3 turbine rotors for BHEL

Energomashspetsstal has finished shipping machinery to Bharat Heavy Electrical Limited.

According to the company press service, under the contract it has produced 3 turbine rotors of low pressure.

The first rotor was shipped in December 2017, and the other two – in January.

The total weight of the machinery is 200 tons. (Ukrainian metal)

Uzbekistan: coal production to grow

Uzbekistan plans to increase coal production to 11.1 million tons by 2021 to meet the needs of the population and industry. The Uzbek Ministry of Economy announced the approval of the Program for the further development and modernization of the coal Industry for 2017-2021. Given that in 2017 the volume of coal mining amounted to…