Russia: Polyus Aldan reaches highest gold output

On October 22 Polyus Aldan reached the highest level of gold output in the past several decades.

Since the start of the year it has extracted 5 tons of gold.

“In Q3 gold output grew by 13% QoQ, due to the increase of ore processing”, the company managing director Alexei Noskov said. (Ukrainian metal)

Russia: Evraz sales down in Q3 2018

In Q3 Evraz decreased its consolidated steel sales by 10.3% YoY, to 3.1 million tons. The decrease is due to the drop in pig iron manufacture. Rolled metal sales fell by 1.2%, mostly because of the decrease in the railroad rails, wheels and flat metal sales. Semi-finished steel products sales fell by 0.7%. Coking coal…

Russia: NLMK trading house starts online sales from Kazan warehouse

The NLMK trading house is starting online sales of rebars from its warehouse in the city of Kazan.

The first customers will be provided with a discount from each ton ordered.

The warehouse offers 12 types of rebars in rods and 8 types of rebars in coils.

The minimum order is 4 tons. (Ukrainian metal)

Russia: NLMK EBITDA up in Q3 2018

In Q3 NLMK Group EBITDA growth totaled 11% QoQ, to $1,015 million. EBITDA margin was 32%. Net income grew by 11%, to $646 million. Free cash flow doubled to $638 m. Net debt/EBITDA hit its minimum in a decade of 0.25x. Group revenue in Q3 totaled $3.13 billion (+0.5% QoQ, +23% YoY). The decrease in…

Russia: MMK to modernize coke manufacture

MMK and Sinosteel Equipment & Engineering Co have signed a memorandum of intention and cooperation in the project to reconstruct the MMK coke manufacture. The parties have agreed to conclude agreements for the construction of objects under the project. The project presupposes the construction of the coke-oven battery No. 12, reconstruction of the recovery plant,…