Ukraine: Zaporizhstal passes integrated management system audit

Zaporizhstal has successfully passed the second supervisory audit of its integrated management system correspondence to the international management quality standard ISO 9001:2015, environment management ISO 14001:2015 and the first supervisory audit of its health and labor safety system according to ISO 45001:2018. The audit has been carried out by Bureau Veritas Certification Ukraine. The experts…

Russia: Mechel output down in Q3 2019

In July-September Mechel increased coal output by 15% QoQ, to 5.29 million tons. In 9 months mining dropped by 7%, to 13.429 million tons. Pig iron manufacture in Q3 decreased by 7%, to 794 thousand tons, and in January-September – by 10%, to 2.52 million tons. In Q3 Mechel produced 888 thousand tons of steel,…

Russia: Mechel revenue down in Q3 2019

In July-September Mechel received 74.9 billion rubles of revenue, down by 5% QoQ and by 6% YoY. In 9 months revenue decreased by 4% YoY, to 228.2 billion rubles. EBITDA in Q3 dropped by 9% QoQ and by 29% YoY, to 15 billion rubles. Losses accountable to the shareholders in July-September amounted to 571 million…

Ukraine: Metinvest cuts working hours at Mariupol plants

Azovstal and Mariupol Ilyich Iron and Steel Works are transferring their employees from order-free departments to decreased working week. The administrative employees and manufacturing workers will now have a working week of 32 hours. The order is valid until March 31, 2020. Moreover, the business trips are suspended and the employees will not receive premiums.…