Russia: ChMK net profit down in 2018

In 2018 Chelyabinsk Iron and Steel Works decreased net profit by 20.69% YoY, to 4.2 billion rubles,

Sales revenue grew by 4%, to 124.3 billion rubles.

The cost of assets as of the end of the year totaled 230 billion rubles, up by 57%. (Ukrainian metal)

Russia: metal deliveries to traders up in April 2019

In April, the deliveries of metal via railroad to the trade network warehouses reached 0.95 million tons.

According to the railroad statistics, deliveries grew by 5% YoY.

In January-April, railroad deliveries increased by 2% YoY, to 3.54 million tons. (Ukrainian metal)

Ukraine: state-owned enterprise management to be outside Coal Ministry’s competence

Energy and Coal Industry Minister Ihor Nasalyk said that the function of managing state-owned enterprises should not fall within the ministry’s competence. He stated this at a meeting with experts of the government-public initiative “Together against corruption”, the Energy and Coal Industry Ministry’s press service reported. “The ministry should be responsible for forming policy and…

Ukraine: another accident at AMKR

On May 6, an employee was injured at ArcelorMittal Kriviy Rih.

The accident happened at the blast furnace shop No. 1 bin trestle.

The Industrial Service Company LLC employee was loading sinter and got burned. (Ukrainian metal)

Ukraine: Ukrzaliznytsia scrap auctions foiled

On May 10, three auctions to sell scrap via the Prozorro electronic system, organized by Ukrzaliznytsia, were declared not taken place. The Ukrainian Railways intended to sell three lots: – 4 thousand tons of steel shavings for 17.4 million UAH; – 0.5 thousand tons of various scrap for 2.9 million UAH; – 0.04 thousand tons…

Russia: TMK postpones Artrom SPO

TMK postpones the SPO of its Romanian enterprise TMK-Artrom. TMK Europe intended to place 69 million shares of TMK-Artrom or 59.3955%. Moreover, the main shareholder demanded to hold a meeting of shareholders to cancel the previous decision to increase statutory capital. SPO was announced in late April. TMK-Artrom has a 16.1% share on the seamless…

Ukraine: coke exports down in January-April 2019

In January-April, Ukraine exported 3.812 thousand tons of coke valued at $909 thousand, down 2.3-fold and 2.6-fold YoY respectively. The main customers were Romania (36.7%), Russia (20.77%) and Moldova (20.55%). At the same time, coke imports dropped by 13%, to 389.6 thousand tons valued at $120.63 million, down by 14.1%. The main suppliers were Russia…