Russia: Metalloinvest net profit up in 2018

In 2018 Metalloinvest received 1.647 billion rubles of net profit, up by 17.1% YoY.

Revenue grew by 15.3%, to 7.187 billion rubles.

The output of pellets and hot-briquetted iron reached 27.7 million and 7.8 million tons respectively.

EBITDA went up by 38.4%. (Ukrainian metal)

Ukraine: Interpipe Steel output down in January-February 2019

In January-February Interpipe Steel produced 132 thousand tons of steel, down by 11.4% YoY.

In February 61 thousand tons of steel were manufactured.

Last year the company produced 973.8 thousand tons of steel round billets, up by 15% YoY. (Ukrainian metal)

Russia: MMK domestic shipments up in 2018

Magnitogorsk Iron and Steel Works’ (MMK) shipments of commercial metal products to the domestic market, including CIS countries, amounted to 9.029 million tons in 2018. This represents an almost 6% increase from the previous year. This constitutes the second largest shipment volume to the domestic market since 2014, when the shipments of metal products amounted…

Kazakhstan: AMT completes modernization of thermal department machinery

The sheet-rolling shop No. 2 of ArcelorMittal Temirtau has finished modernizing electric equipment of the thermal department.

The cost of the project is 73 million tenge.

The modernization consisted of several stages.

The work allowed decreasing electric energy consumption. (Ukrainian metal)

Russia: Nazarovsky pit mines 470 million tons of coal

On March 1, the 470-millionth ton of coal was mined at the Nazarovsky pit, since the enterprise has been put into operation.

Last year the output totaled 3.5 million tons, exceeding the target.

The 450-millionth ton was produced in 2013.

Nazarovsky pit started operating 68 years ago – in 1951. (Ukrainian metal)