Severstal and Altaiwagon have signed a yearlong agreement on the delivery of 1.5 thousand tons of hot-rolled metal each month. The minimal volume of metal delivered will reach 18 thousand tons. Cherepovets Iron and Steel Works supplies metal from the hot-rolling mills 2000 and 2800 for the manufacture of the rolling stock. Especially for the…
MidUral Group is shutting down its operation for a scheduled and preventive repair a month earlier. Klyuchevsky Ferroalloys Works and Russkiy Chrome 1915 simultaneously stopped manufacturing chromium oxide, chromium anhydride, metallic chromium, ferrochromium and other ferroalloys on August 19. The repair, which started earlier than planned, will last for some three weeks. According to the…
In January-July Electrostal produced 62 thousand tons of continuous cast billets, down 2.9-fold YoY. From January to mid-March the company was completely idle, and now is operating at only a third of its capacity. In July 10 thousand tons of billets were produced, in June – 14 thousand tons, in May – 10 thousand tons,…
In January-July the Sukhaya Balka mine produced 1.577 million tons of iron ore, up by 0.8% YoY. In July 209 thousand tons of ore were produced, and in June – 231 thousand tons. Last year the enterprise increased iron ore output by 8.4% YoY, to 2.725 million tons. The mine capacity is 3.1 million tons…
The giant leap of electricity tariffs is questioning the further work of Pobuzhye Ferronickel Plant. In particular, in July the tariff grew from 57 UAH per MW-h to 347 UAH and 312 UAH in August. “This is a death penalty for us. Electricity accounts for 45% of all our manufacturing expenses. The new tariff will…
In January-June the largest pig iron manufacturer in Russia – Tulachermet – received 721 million rubles of net losses as opposed to a net profit of 2.47 billion rubles in H1 2018. In Q1 losses totaled 228.4 million rubles and in Q2 – 492 million rubles. Revenue in 6 months dropped by 2%, to 28.5…
In January-June Asha Iron and Steel Works received 13.5 billion rubles of revenue, up by 6% YoY. Net profit grew 3.8-fold, to 886.84 million rubles. At the same time sales profit dropped by 22%, to 827 million rubles. (Ukrainian metal)
The net profit of Chelyabinsk Pipe-Rolling Plant, or ChelPipe, fell by 26% YoY, to 4.179 billion rules in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue from sales decreased by 9.6%, to 85.84 billion rubles, gross profit slid by 0.8%, to 23.288 billion rubles, and the pretax profit dropped by…
