Belarus: Severstal Distribution supplying galvanized metal to Alutech

Severstal Distribution has signed an agreement to supply galvanized metal to one of Alutech enterprises for the manufacture of section gates. Galvanized metal manufactured by Cherepovets Iron and Steel Works (Russia) will be used to produce sandwich-panels and sections. “We have been cooperating with Alutech Gate Systems for over 2 years. Specifically for this strategic…

Russia: NLMK – monoexporter in Lipetsk region

According to the Lipetsk region customs office, in January-February exports increased by 19.5% YoY, to $781.3 million. Foreign trade turnover exceeded $893 million. In the export structure NLMK ferrous metals account for 94.9%. Far foreign countries account for 94.1% of the total foreign trade turnover ($840.7 million). The main trade partners of the Lipetsk region…

Ukraine: Donetskstal losses set record in 2017

In 2017 Donetskstal increased losses 3.6-fold YoY, to 8.185 billion UAH.

According to the company statement, its assets as of late 2017 totaled 16.5 billion UAH.

The company current liabilities amounted to 34.878 billion UAH, and its consolidated accounts receivable – 7.701 billion UAH. (Ukrainian metal)

Ukraine: EMSS increases salary

Energomashspetsstal has hosted a conference with the employees. The company director of economic issues Lyudmila Ulyaschenko and the union chairman Victor Serbin made the reports. In her report Lyudmila Ulyaschenko touched upon the main economic results of the previous year, calling them successful. “In particular, the average salary level last year increased by 20%. In…

Russia: Petropavlovsk concludes forward contract with Gazprombank

The gold-extracting company Petropavlovsk has concluded an agreement with Gazprombank for the delivery of 96 thousand ounces of gold. The deliveries will be prepaid. “This forward contract with Gazprombank provides us with much flexibility in working capital management”, Petropavlovsk finances director Andrei Maruta noted. As of late 2017 Petropavlovsk had forward contracts for the delivery…

Ukraine: Interpipe NTMZ losses down in 2017

In 2017 Interpipe Novomoskovsk Pipe Works decreased net losses by 48.5% YoY, to 120.281 million UAH. According to the company statement, its undistributed profit as of the end of 2017 totaled 359.17 million UAH. The company current liabilities dropped by 5.9%, to 1.629 billion UAH, while fixed liabilities grew by 11.3%, to 62.743 million UAH.…

Russia: Petropavlovsk net profit up in 2017

In 2017 Petropavlovsk Plc received the net profit of $41.5 million, up by 30.9% YoY. According to the company statement, its revenue grew by 8.6%, to $587.4 million, while EBITDA dropped by 1.6%, to $196.8 million. Petropavlovsk is one of the 5 largest gold producers in Russia. Its main assets are in Amur region, where…