Russia: Severstal expecting weak demand for steel in 2019

In 2019 the demand for Russian steel will be weak.

“Construction volumes are not large, so, we believe the market will remain on current levels”, Severstal deputy CFO Alexei Kulichenko said.

According to Severstal estimate made in November 2018, the growth of the local demand for steel in 2018 was 1.1%. (Ukrainian metal)

Russia: Izhstal sales to machine-builders up in 2018

In 2018 Izhstal sold over 63 thousand tons of metal to local machine-building enterprises, up by 22% YoY. The company mostly supplies stainless, heat-resistant and corrosion-resistant steel for the manufacture of various spare parts and machines, as well as springs and bearings. “Machine-builders are our traditional customers. Their share last year was 26%”, the company…

Ukraine: coal output up in 2018

Output of thermal and coking coal in Ukraine in 2018 increased by 0.9% YoY, from 33 million to 33.29 million tons. State-owned coalmines during the reporting period extracted 4.14 million tons of coal, according to the Ministry of Energy and Coal Industry of Ukraine. In particular, the output of coking coal, used for the needs…

Russia: Ametistovoye becomes Kamchatka ADT resident

The company Ametistovoye has received the status of the Kamchatka Advanced Development Territory resident. The reason was the signing of an investment agreement valued at 4 billion rubles with the Far East Development Corporation. The company intends to construct a mine and modernize a mining and processing works at the Ametistovoye gold deposit. The project…

Russia: Kuzbass region metal and mining railroad transportation up in January 2019

In January the West-Siberian Railroad transported 22 million tons of cargo in Kuzbass region, up by 5% YoY.

In particular, the transportation of coal grew by 3.5%, to 19 million tons.

The railroad also transported 775 thousand tons of iron ore (+49%) and 547 thousand tons of ferrous metals (+2.7%). (Ukrainian metal)

Ukraine: Metinvest raises salary

Last year the growth of wages at Metinvest enterprises exceeded 30%.

According to the group personnel director Alexander Pimkin, key jobs saw a rise of 40-45%.

“Now the salary of our key employees in metal, mining and coke departments ranges within $1000-1200 in UAH equivalent”, he said. (Ukrainian metal)

Ukraine: measles breaks out at ZZF

As of February 1, 7 employees of the Zaporozhye Ferro Alloys Plant have fallen ill with measles.

All the diseased are over 30 years old.

One illness has been officially confirmed by the company laboratory. (Ukrainian metal)

Russia: Severstal net profit up in 2018

In 2018 net profit of Severstal grew by 51.4% YoY, to $2.051 billion.

According to the group statement, its revenue increased by 9.3%, to $8.58 billion.

EBITDA was $3.142 billion, up by 21.9%. (Ukrainian metal)