Russia: Ruspolymet net profits down in H1 2017

In January-June the net profit of Ruspolymet decreased 2-fold YoY, to 201.3 million rubles. The company earnings increased by 15%, to 4.1 billion rubles, sales profits dropped by 15%, to 728.1 million rubles. EBITDA decreased 1.6-fold, to 273 million rubles. According to the company statement, its accounts payable totaled 4.479 billion rubles as of late…

Russia: MEGA-stal opens new LDP shop

MEGA-stal (Moscow region) has completed the manufacture modernization.

Now the company operates a new shop to produce electric welded pipes without the circular seam according to GOST 20295×85.

The pipes are manufactured in the 630-1020 mm diameter. (Ukrainian metal)

Russia: Nornickel increases stake in Krasnoyarsk River Port

Nornickel Group has increased its stake in Krasnoyarsk River Port’s authorized capital to 93.7% of the ordinary (voting) shares. The transactions were carried out as part of the strategy of Nornickel’s transportation and logistics function, which focuses on boosting the efficiency and streamlining the management of the group’s transportation assets. The price of Krasnoyarsk River…

Russia: STZ modernizes pipe-rolling shop

The pipe-rolling shop No. 1 of Seversk Pipe Works has successfully finished scheduled repair and modernization works. The modernization of the FQM continuous casting machine and the pipe-finishing site lasted for 14 days. As the result, the exploitation characteristics of the shop machinery have improved, and the FQM mill operational stability has increased, which will…

Ukraine: pipes hit by Mexican duties

The Ministry of economy and trade of Mexico has set up preliminary compensation duties on imports of seamless steel pipes from Ukraine, as well as South Korea, Spain and India. Duty for Ukrainian pipe makers is $170.11 per ton. The antidumping investigation began on December 15, 2016, and covers the time frame from April 1,…

Ukraine: EMSS working on AMKR order

Energomashspetsstal has supplied a batch of working rolls to ArcelorMittal Kriviy Rih.

The order has been made under the contract concluded in March.

The total weight of 4 rolls is 132.530 tons. The rolls will be used in bar-rolling mills.

EMSS and AMKR have been cooperating since 2011. (Ukrainian metal)

Russia: OZRK output up in H1 2017

In January-June Omolonskaya Gold Ore Company produced 2.6 tons of gold, up by 45% YoY. The main yield was from the Tsokol and Birkachan deposits. Gold contents in ore have grown by 12% since the start of the year, to 5.3 g per ton. In Q2 gold mining increased by 9%, to 94%. This year…

Russia: VSMPO-Avisma repairs railroad network

In 2017 VSMPO-Avisma has spent over 20 million rubles on the repair of its own railroad.

According to the group, the manufacturing sites in Verkhyaya Salda are connected by some 40 km of railroad ways.

5 railroad cars have already delivered materials and spare parts. (Ukrainian metal)

Ukraine: Yaroslavsky elected Evraz Sukhaya Balka supervisory board chairman

The supervisory board of Evraz Sukhaya Balka, recently bought by DCH group from Evraz, appointed Alexander Yaroslavsky its chairman.

The election took place on August 2.

Yaroslavsky has been appointed chairman until the next annual shareholders meeting. (Ukrainian metal)

Ukraine: KhTZ CEO fired

The supervisory board of Khartsyzsk Pipe Works has terminated the term of office of the company CEO Denis Novikov, having appointed Kirill Avramenko, the deputy CEO of EMZ, instead. According to the company statement, the decision was taken on July 31. Novikov has served as the CEO from May 22, 2015 till July 31, 2017.…

Ukraine: EMSS ships rotors to BHEL

Energomashspetsstal has produced and shipped 2 low-pressure turbine rotors to the customer.

The machinery has been produced for Bharat Heavy Electrical Limited (India).

The total weight of the batch is 177.81 tons.

Delivery to Haridvar was carried out by railroad and sea transport. (Ukrainian metal)