Russia: steel exports down in January 2019

In January Russia exported 3.355 million tons of ferrous metals, down by 1.1% YoY. According to the Federal Customs Service, steel semi-finished products accounted for 1.306 million tons, up by 9.3% YoY. Flat rolled metal exports dropped by 10.5%, to 0.652 million tons. In monetary terms ferrous exports decreased by 6.6%, to $1.567 billion, with…

Russia: Polymetal sales up in 2018

In 2018 Polymetal revenue increased by 4% YoY, to $1.88 billion. Gold sales reached 1.198 million ounces, up by 10%, while silver fell by 3%, to 25.7 million ounces. EBITDA went up by 5%, to $780 million. Net profit was $355 million, up by $1 million. Capital expenses dropped by 10%, to $344 million. The…