In January-March, Kangalassky Pit (Yakutugol) increased coal output by 7% YoY, to 136 thousand tons. The enterprise is participating in the state program to provide the Republic of Sakha (Yakutia) housing and municipal enterprises with coal during winter. “Last year the pit increased excavation works by 23%, which enabled us not only to exceed the…
Inaglinsky Mining and Processing Works (Kolmar) is actively constructing the Inaglinskaya-2 factory with the capacity of 12 million tons of coal per year. At present metal structures of the main premises of the factory are being assembled. So far, 400 tons of structures out of 2700 tons have been assembled. The first stage of the…
In January-February, according to the customs statistics, Kazakhstan exported 138 thousand tons of steel pipes and rolled metal, down by 44.5% YoY. Unalloyed rolled steel accounted for 73% of exports, down by 54%, plates – 57% (-50%) and the rest – coated steel (-43%). Some 25% of exports accounted for pipes, up by 23%. The…
In 2018, Belarus Iron and Steel Works received Br3 billion of net revenue, up by 32.7% YoY. Sales profit grew by 77.4%, to Br247.3 million. As a result net profit totaled Br300 thousand as opposed to a loss of Br3.2 million in 2017. Debt increased by Br32.6 million to Br985.96 million. (Ukrainian metal)
NLMK Group, a vertically integrated steelmaker, has published its Q1 2019 financial results. Group revenue decreased by 5% QoQ, to $2.87 billion, amid lower average sales prices. Year-on-year, the revenue increased by 3% thanks to a higher sales volume (+11%), which was offset by lower average sales prices. EBITDA totaled $695 million (-18% QoQ; -14%…
A Donetskstal recruiting center started operating in the town of Porkovsk. So far the center offers a broad range of jobs with wages up to 35 thousand UAH. “In Q1 we have found jobs for over 600 people. We give them the opportunity to get a decent job and salary, remaining at the same time…
In 2018 Ferrexpo received $355.22 million of net profit, down by 15% YoY. Revenue grew by 6.4%, to $1274.03 million. Pellets sales dropped by 2.3%, to 10.227 million tons, while their manufacture increased by 1.6%, to 10.607 million tons. Gross profit last year fell by 2.5%, to $766.09 million, and EBITDA – by 8.7%, to…
Q1 was quite successful for Ventall. The volume of orders on the delivery of ferrous metals structures grew by 38% YoY, and components – by 19%. In order to retain the positive dynamics, the company intends to modernize its capacities, increase product portfolio and develop partner network. “We have optimistic plans for the future. The…