In January Metinvest B. V. (the Netherlands) decreased revenue by 7%, or by $68 million MoM, to $900 million. EBITDA grew by 22.3%, to $126 million. The metal division EBITDA dropped by $9 million, to $18 million, while that of mining division – by $14 million, to $99 million. Consolidated revenue of the metal division…
In 2019 ArcelorMittal Kriviy Rih intends to increase rolled metal output by a quarter YoY, to 5.3 million tons. “First of all, we need to restore pig iron output to the previous level – some 5.6 million tons per year, after that we will be able to increase rolled metal output to 5.3 million tons”,…
The Antimonopoly Committee of Ukraine has postponed the review of the issue of Metinvest buying over 50% in Dneprovsky By-Product Coke Plant. The Committee had to review the issue on April 11. In 2017 Evraz Dneprodzerzhinsk By-Product Coke Plant changed its name to Dneprovsky By-Product Coke Plant. (Ukrainian metal)
Severstal – Bar Works Balakovo is carrying out an investment project to construct a new machine – a press to briquette metal shavings. The construction began in 2018. Machinery was supplied by ATM, Austria. The cost of the project is 145 million rubles. The line will yield 40 thousand tons of shavings briquettes per year…
Chelyabinsk Iron and Steel Works has won a tender to supply rails for the Moscow Subway. The works will produce 23.5 thousand tons of rails to be used for the reconstruction of the existing railways and for the construction of new. The first delivery is scheduled for May. ChMK produces 100-meter long rails. Since 2014…
Interpipe Holdings Limited (Cyprus) could issue bonds valued at $330 million, with interest rate of 10.25% and maturity until December 31, 2024. The issue will be discussed at the Interpipe NTZ shareholders meeting scheduled for April 25. The company is expected to act as a guarantor of Interpipe Holdings Limited. The notes are expected to…
In January-March Belarus Iron and Steel Works increased exports by 131% YoY, to 554 thousand tons, valued at $310 million, up by 112%. Exports geography grew by 2 countries, to 50. The share of the European countries, Near East and Africa increased, while that of US dropped. (Ukrainian metal)
The state enterprise Volynugol has lost 12.6 million UAH by buying 60% of a hotel in the town of Truskavets in 2007. Since then, the hotel has never been used by miners. In December 2007 Volynugol paid 12.6 million UAH to Firma Galbud LLC for 100% in Renesans LLC. Thus the enterprise has purchased 60%…