Ukraine: state mine groups order 112 million UAH worth of steel products

Spetstrade Ltd LLC in April-July received several orders from state mine groups to supply various products made mostly of steel valued at 112.69 million UAH. In particular, Toretskugol placed orders for 54.97 million UAH, Mirnogradugol – 44.99 million UAH and Selidovugol – 12.73 million UAH. The most expensive agreement with Mirnogradugol (37.58 million UAH) presupposes…

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Russia: scrap exports to be limited

Russia can limit the export of ferrous and non-ferrous metals scrap to countries, which are not parts of the Eurasian Economic Union from January 1, 2020. The exports will be limited to the volumes purchased at the exchange. This will make the scrap exports more transparent. For the past 10 years Russia has been procuring…

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Russia: Gaysky GOK assembles skip hoist

Gaysky Mining and Processing Works has finished assembling all the units of the skip hoist manufactured by Uralmashzavod. It will replace the outdated machine currently in use. This is the final stage of the Expluatatsionnaya mine reconstruction, which Gaysky GOK has been carrying out since 2011. The mine has to be commissioned in August. (Ukrainian…

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Russia: ChTsZ net profit down in H1 2019

In January-June Chelyabinsk Zinc Works decreased net profit almost 2-fold YoY, to 1.754 billion rubles.

Revenue dropped by 25%, to 13.124 billion rubles.

Gross profit fell by 20%, to 3.729 billion rubles. (Ukrainian metal)

Russia: Nornickel net profit up in H1 2019

In January-June Norilsk Nickel received 201.86 billion rubles of net profit, up 2.3-fold YoY.

Revenue grew by 41.6%, to 397.19 billion rubles.

Gross profit went up by 46%, to 259.56 billion rubles, and sales profit – by 51.2%, to 235.97 billion rubles.

EBITDA increased 2.3-fold, to 254.33 billion rubles. (Ukrainian metal)

Russia: Evraz steel output up in H1 2019

U.K.-based mining giant Evraz, which operates mainly in Russia, increased steel production by 2.7% YoY, to 6.995 million tons in January-June, the company said in a statement on July 31.

In April-June steel production of the company went up by 0.5% QoQ, to 3.507 million tons. (Prime/Ukrainian metal)

Kazakhstan: coal extraction to increase

According to the strategic plan of the Ministry of Industry and Infrastructure Development of Kazakhstan for 2017-2021, the planned volume of coal extraction for 2019 is 107.1 million tons, the ministry reported. “The fuels and minerals base of Kazakhstan’s coal industry is sufficient enough and notwithstanding large volumes of extraction, the coal stockpiles are still…

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Russia: BrZF sales up in H1 2019

In January-June Bratsk Ferroalloys Works increased FS-75 ferrosilicon sales 2-fold YoY.

The growth is due to the changes in sales structure: the demand for the 75% silicon content alloy on the foreign markets has significantly increased.

83% of the exports went to the countries of the Asian-Pacific region. (Ukrainian metal)

Russia: MMSK gets new local railroad crane

Mednogorsk Copper-Sulfur Works has received a new railroad crane manufactured by the Kirov Machine-Building Works named after May 1.

The cost of the machine is some 22 million rubles.

The lifting capacity of the crane is 25 tons.

Now the company has 4 units of lifting machinery. (Ukrainian metal)

Ukraine: Interpipe NTZ profit up in H1 2019

In January-June Interpipe Nizhnedneprovsk Pipe-Rolling Plant increased net profit 2.1-fold YoY, to 1.918 billion UAH.

Net income grew by 8.3%, to 7.639 billion UAH.

Undistributed profit as of the end of the first half-year totaled 2.179 billion UAH. (Ukrainian metal)