Russia: Severstal Distribution opens warehouse in Naberezhniye Chelny

A new warehouse of Severstal Distribution has been opened in the city of Naberezhniye Chelny. Its main customers will be the machine-building and construction companies. “Last year Severstal Distribution increased sales in the Privolzhye Federal District, by 25% YoY, to 200 thousand tons. Four subsidiaries were selling metal – in Kazan, Samara, Nizhniy Novgorod and…

Russia: construction begun at Altai-Koks

Koksokhimmontazh has started constructing above ground structures to implement coal charge stamping at the coke over battery No. 5 of Altai-Koks. According to the new technique, the charge will be loaded into the coke oven not from above, but horizontally as a briquette. This year 12 objects will be built at the site. “The technique…

Russia: BMK confirms metal wares quality

Beloretsk Iron and Steel Works has confirmed the quality certificates for its wire and rebars used to reinforce ferroconcrete structures. The Mosstroysertifikatsia specialists have checked the manufacturing technique, the machinery condition and participated in testing samples of the products. The certificates have been issued for 3 years with annual confirmation. BMK has been cooperating with…

Ukraine: pipe exports up in 2018

In 2018 Ukraine exported 657 thousand tons of pipes valued at $737.8 million. This is the highest result in the past 4 years. In 2015 Ukraine exported 594.1 thousand tons of pipes valued at $576.4 million. Thus, in 2018 exports grew by 9.5% and by 21.8% from 2015 respectively. Last year Ukraine exported 624.9 thousand…

Russia: S&P improves Metalloinvest rating

Standard and Poor’s has improved the long-term loan rating of Metalloinvest from BB/Stable to BB+/Stable.

The rating improvement has to do with the company debt decrease and good operational and financial results shown in 2018.

S&P has also improved the ratings of the Metalloinvest Finance DAC eurobonds from BB to BB+. (Ukrainian metal)

Russia: Evraz’s IFRS net profit up in 2018

The net profit of the U.K.-based mining giant Evraz, which operates mainly in Russia, more than tripled to $2.47 billion in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 28. Consolidated revenue rose by 18.6%, to $12.836 billion. Consolidated earnings before interest, taxes, depreciation and amortization…

Russia: UGMK-OTsM testing antimicrobial copper

Since 2017 Revda Non-Ferrous Metals Processing Works and Kirov Non-Ferrous Metals Processing Works have been producing rolled metal of antimicrobial copper and copper alloys under the Cu+ mark. Harmful microorganisms die within 2 hours after landing on its surface. In order to test the efficiency of the method to fight bacterial and viral illnesses, UGMK-OTsM…

Ukraine: EMSS to produce rolls for CSN

Energomashspetsstal will produce 11 supporting rolls with the total weight of 246 tons for Companhia Siderúrgica Nacional (CSN), Brazil.

According to the company statement, the first 6 rolls will be delivered in August.

And the other 5 – in February 2020. (Ukrainian metal)

Russia: UralKuz net profit up in 2018

In 2018 Uralskaya Kuznitsa increased its net profit by 46% YoY, to 3.829 billion rubles.

The company was able to sell 16.55 billion rubles worth of products, up by 30%.

Sales profit grew by 61%, to 2.22 billion rubles. (Ukrainian metal)