In 2019 Evraz Russian plants produced 11.953 million tons of steel, up by 9% YoY. The growth of the output is due to the capital repair of the blast furnace No. 1 lasting less than the repair of the blast furnace No. 3 in 2018. Steel sales totaled 13.502 million tons, up by 10.4%, with…
The Yuzhniy Sea Trade Port has started designing a complex to transport coking and power-generating coal. The construction is envisioned in the company reconstruction program. 5.5 million UAH will be invested in the design work. At present the port processes some 2.6 million tons of imported cargo. The new complex will allow it increasing processing…
Kyshtym Electrolytic Copper Plant has received the first batch of electrolysis baths to be assembled in the new copper electrolysis shop. The baths are made of polymeric concrete. KMEZ has purchased 336 new baths. They will be delivered in batches. The company will start assembling the machines in April. (Ukrainian metal)
Due to the growth of palladium price, Norilsk Nickel intends to increase ingots manufacture. The company will also sell some 3 tons of palladium from its Global Palladium Fund, which could cover 1% of the global demand. Analysts believe, the market has been overheated, while the real demand for palladium is not that large. Industry…
NLMK Lipetsk, the flagship site of NLMK Group, has embarked on piloting an automated production-scheduling system. The system is integrated into business processes at all stages of production and sales planning. The key goals of the project are to optimize the production load and to grow output, and to improve the quality of customer service.…
ArcelorMittal Kriviy Rih, the biggest mining and steel plant in Ukraine, summed up the implementation of its investment program for 2019. Last year the company invested $415.4 million in the development of production. Of these, operating costs amounted to $116 million, and capital – to $299.4 million. 2019 was a difficult year for all plants…
U.K.-based mining giant Evraz, which operates mainly in Russia, increased steel production by 2.1% QoQ, to 3.45 million tons in October-December 2019, the company said in a statement on January 30. In 2019, production rose by 6.1%, to 13.814 million tons. (Prime/Ukrainian metal)
The net profit of Siberian Coal Energy Company (SUEK) plunged by 39.3% YoY, to $706 million in 2019, as calculated under International Financial Reporting Standards (IFRS). Revenue fell by 9%, to $7.547 billion mainly due to contraction of global coal prices. Revenue from exports of coal went down by 15%, to $4.877 billion, with international…
