Russia: ChTPZ net profit up in H1 2018

In January-June ChTPZ received 5.621 billion rubles of net profit, up 2.7-fold YoY. The adjusted EBITDA grew by 48%, to 16.238 billion rubles. Revenue went up by 31%, to 94.941 billion rubles, and gross profit – by 36%, to 23.477 billion rubles. The company net debt grew by 8.6% and as of June 30 amounted…

Russia: Severstal the first to produce damping steel

Severstal has presented a new type of vibration and noise suppression steel 01U5T. Damping steel can be used to construct transport infrastructure objects (railroad and subways), as well as in power, household, ventilation and military machines, mining, metal processing, etc. The steel mechanical characteristics are on par with structure steel 09G2S-295, while its prime cost…

Ukraine: AMKR supplies rolled products for construction of wind power plants

PJSC ArcelorMittal Kriviy Rih has won a rebars drop shipment contract for construction of new wind power plant (WPP) in Overyanovka village of Kherson region. Rebars of the enterprise are used for raising foundations for wind-powered generators of new power generation plant in the southern part of Ukraine. Kherson region is one of the leading…

Russia: Chukotka’s gold output down

Gold output of the Chukotka Autonomous District is falling, governor Roman Kopin said in his letter to president Vladimir Putin asking for higher financing of geological exploration and better mechanisms of licensing of subsoil sites. Kopin said that the gold reserves of the unallocated subsoil reserve fund of the region stood at only 95.2 tons,…

Russia: ministries reject proposed windfall tax on metals and mining firms

Russian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies is inappropriate, Reuters reported citing Industry Minister Denis Manturov. “With colleagues from other ministries, we have reached a common position that as of today it’s inappropriate,” he told reporters on the sidelines of a military forum. The proposal, put…

Ukraine: coal extraction up in July 2018

Ukraine’s extraction of coal rose by 1.1% YoY, to 2.64 million tons in July from 2.61 million tons in July 2017 and from 2.55 million tons in June, the Energy and Coal Industry Ministry reported. Extraction of thermal coal in July increased by 7.7%, to 2.22 million tons from 2.06 million tons in July 2017,…

Russia: steel imports from Ukraine up in H1 2018

In January-June Russia imported 1.13 million tons of rolled steel and pipes from Ukraine, up by 47.8% YoY.

The share of bars and sections is around 55%, up 2-fold.

Flat rolled metal accounts for 32.9%, up by 1.4%, while pipes dropped 2-fold, to 3.3%. (Ukrainian metal)

Russia: gold output in Buryatia up in January-July 2018

In January-July the Republic of Buryatia extracted 2929.7 kg of gold, up by 7% YoY.

Ore gold accounted for 1983.9 kg, up by 4%, while alluvial gold output grew by 13%, to 945.8 kg.

Last year the region yielded 5677.9 kg of gold. (Ukrainian metal)

Russia: Mechel steel output down in H1 2018

In January-June Mechel decreased steel output by 8% YoY, to 2.051 million tons. The decrease was the result of the scheduled repairs of machinery in the sinter-blast furnace and oxygen-converter shops of Chelyabinsk Iron and Steel Works. A major repair of the continuous casting machine No. 5, carried out in Q2, reduced the loading of…

Russia: ChTPZ profit up in Q2 2018

In April-June ChTPZ received 5.574 billion rubles of net profit, up from 1.35 billion rubles in Q1. In H1 net profit reached 6.927 billion rubles as opposed to the loss of 864 million rubles a year earlier. Revenue in Q2 dropped by 1% QoQ, to 35.79 billion rubles. H1 revenue increased by 33% YoY, to…