Russia: Mechel profit up in H1 2019

In January-June Mechel profit accountable for shareholders grew 2.7-fold, to 12.75 billion rubles. Consolidated revenue dropped by 2%, to 153.3 billion rubles. EBITDA decreased by 27%, to 30.35 billion rubles. In Q2 profit fell by 88% QoQ, to 1.4 billion rubles, revenue increased by 5%, to 78.5 billion rubles, but EBITDA dropped by 2%, to…

Russia: ZEMZ mulls cooperation issues with Hermith

Representatives of Hermith GmbH – Hermith Rus CEO Natalia Chernenko and the chief technical officer Sergey Altynbayev – have discussed further cooperation with the managing director of Zlatoust Electrometallurgical Works Alexander Yefimushkin and director of reconstruction and development Andrey Lyska. In particular, the parties discussed the issues of titanium products manufacture for European and other…