Russia: Sortstal going bankrupt

The Arbitrary court of Sverdlovsk region will consider the claim of Sortstal on being declared bankrupt.

The court received the relevant document on August 24.

According to it, the volume of claims is 49.87 million rubles.

Sortstal was registered in 2004. Its main activities were wholesale of fuel, ore and chemical materials. (Ukrainian metal)

Russia: pig iron exports up in H1 2018

In January-June Russia exported 3.3 million tons of pig iron, up by 34.6% YoY, valued at $1106 million, up by 48.6%. According to the customs statistics, US imported the most pig iron (51.4%, up by 6.1%). Hong Kong started importing Russian pig iron in late 2017 and in 6 months purchased 478 thousand tons. Italy…

Russia: BrAZ profit down in H1 2018

In January-June Rusal Bratsk Aluminum Works decreased net profit 1.4-fold YoY, to 1.062 billion rubles.

According to the company statement, the revenue dropped by 0.1%, to 47.149 billion rubles.

The company does not comment on the reason of the decrease. (Ukrainian metal)

Russia: Amurstal sales up in July 2018

In July Amurstal (ex-Amurmetal) shipped 61 thousand tons of metal, up 6-fold YoY.

In January-July sales increased 9.4-fold YoY, to 288.3 thousand tons.

This year the company has supplied 95.2 thousand tons of metal to domestic customers and exported 193 thousand tons. (Ukrainian metal)

Russia: scrap deliveries to Amurstal up in July 2018

In July railroad deliveries of scrap to Amurstal (ex-Amurmetal) totaled 68.2 thousand tons.

The deliveries grew 30-fold YoY.

In January-July scrap deliveries to the company increased almost 6-fold YoY, to 292 thousand tons. (Ukrainian metal)

Russia: GV Gold IFRS net profit down in H1 2018

The net profit of Russia’s gold producer GV Gold fell by 9.5% YoY, to $19 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue soared by 70%, to $146 million. Operating profit grew by 52%, to $43 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased by…