Russia: MMK to spend 3 billion rubles on BF shop repairs

The council on the strategic development of the MMK Group has approved the project on the construction of the blast furnace slag dry cooling machine.

The cost of the project is 3 billion rubles.

It will undergo an expertise soon.

The project will be carried out by Shlakservice LLC, a part of MMK. (Ukrainian metal)

Ukraine: Evraz Yuzhkoks reelects supervisory board and changes name

The new shareholders of Evraz Yuzhkoks have changed the company name to Yuzhkoks and reelected the supervisory board. The board chairman Alexander Maryanchuk, as well as the Evraz-DMZ, Evraztrans Ukraine LLC and Evraz Ukraine LLC legal department director Lyudmila Garmash and Evraz-DMZ sales management customs declaration department director Dmitry Skotarenko have been removed from the…

Ukraine: scrap export duty increased

The Verkhovna Rada has adopted the decree on increasing scrap export duty to 42 euro per ton for 1 year. 248 members of the parliament voted in favor of the decree with the minimum required number of 226. The decree was registered on April 4. But it suggested prolonging the current scrap duty (with the…

Russia: Zabaykalye region coal output down in January-April 2017

In January-April Zabaykalye region shipped 7.186 million tons of coal, down by 7.6% YoY.

According to the regional ministry of natural resources, in January-April 2017 7.777 million tons of coal were shipped from coal deposits.

In 2017 the region mined 21.3 million tons of coal. (Ukrainian metal)

Russia: Meta replaces CEO

Oleg Ryabko has been appointed the new CEO of the scrap-procuring group of companies Meta. In his new office Ryabko will be responsible for the management of the scrap-procuring business, improving its efficiency, reaching financial and manufacturing goals, etc. Andrei Pavlov, who has previously managed the company, decided to leave the office as his contract…

Russia: TMK IFRS EBITDA up in Q1 2018

Earnings before interest, taxes, depreciation and amortization (EBITDA) of the Russian pipe producer TMK increased by 13% YoY, to $160 million in January-March, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on May 18.

Revenue grew by 35%, to $1.274 billion. (Prime/Ukrainian metal)

Russia: SinTZ profit down in Q1 2018

In January-March Sinarsky Pipe Works received 94 million rubles of net profit, down 6-fold YoY.

At the same time the company revenue increased by 1.5 billion rubles, to 10.45 billion rubles.

Gross profit dropped from 1.7 billion rubles to 1.2 billion rubles. (Ukrainian metal)

Russia: tungsten output down in Q1 2018

In January-March Zabaykalye region produced 290.3 tons of tungsten concentrate, down by 45.7% YoY. The decrease has to do with the drop of output volumes at Novoorlovsky Mining and Processing Works. Two companies are developing tungsten deposits in the region – Novoorlovsky GOK and Bom-Gorkhonsky Mine LLC. Novoorlovsky GOK develops and processes tungsten ore of…

Russia: Kuzbassrazrezugol to increase investments in 2018

This year Kuzbassrazrezugol will spend over 16 billion rubles on the development of its manufacturing capacities, as well as social programs in the Kemerovo region. Last year the company invested 15.6 billion rubles, including 14.6 billion rubles in development, and 311.5 million rubles in state and regional social programs. This year industrial investments will grow…

Ukraine: first energy efficient project at CGOK lowers expenses

In a year energy efficient frequency converters have allowed the Central Mining and Processing Works to save 52% of electric energy during the pumps operation. The machinery was assembled within the energy-servicing project with DTEK ESKO. In March 2017 DTEK ESKO financed and assembled 12 ABB frequency converters to automatically regulate the operation of electric…

Ukraine: EMSS ships rolls to ABB

Energomashspetsstal has produced a batch of rolls for ABB.

The total weight of the batch is 85 tons.

The rolls will be used to produce electric engines.

The companies have been cooperating for over 10 years. (Ukrainian metal)