In January-September the state enterprise Vostochniy Mining and Processing Works received 351.81 million UAH of net profits, up 2.1-fold YoY. Net income increased by 52%, to 2.37 billion UAH. According to the company statement, its gross profit in 3 quarters increased 2-fold, to 618.72 million UAH. In 2016 VostGOK received 493.89 million UAH of net…
DetailsMariupol Ilyich Iron and Steel Works carries out a major reconstruction program to improve its positions on foreign markets. Thus, the company has signed an agreement with Primetals Technologies Austria for the delivery of machinery to reconstruct the 1700 sheet-rolling shop valued at over $25 million. “The world metal market is changing and we are…
DetailsThe Trading House Attika LLC was not able to sell the Armavir Electrometallurgical Works for 248.4 million rubles. The auction has been cancelled as no bidders participated in it. AEMZ was put up for sale in October. The lot included, among other things, the 85 ha land plot for construction of an iron and steel…
DetailsIn Q3 Seversk Pipe Works received 100.6 million rubles of net profit, as opposed to net loss of 42 million rubles in Q2 2017 and 396 million rubles in Q3 2016. In January-September the losses totaled 35.9 million rubles as opposed to net profit of 840 million rubles in January-September 2017. Sales in Q3 reached…
DetailsIn 2018 the Tajik Aluminum Company plans to start developing the Konchochskay group of deposits. The deposits have large reserves of gold, silver, mercury, antimony and other metals. “In 2018 we will start mining and processing gold, silver and antimony”, the company said. TALCO obtained the license to develop the deposits in December 2015. The…
DetailsThe number of faults in pipes supplied by Zagorsky Iron and Steel Works to Gazprom is the minimal in comparison with other pipe manufacturers. According to Gazprom, since late August and as of the first half of November, the ZTZ pipes fault index is 0.99% of the total supplies in the reporting period. That of…
DetailsTalnakh Processing Factory has repaired the belt conveyer No. 3. This is the main path for ore from Oktyabrsky and Taimyrsky mines to get to the factory. The machinery has been in operation since 1986, its length is 1695 m. The modernization of the conveyer allows managing the factory capacities that have increased to 10…
DetailsThe metal machinery repair shop of Izhstal is 100 years old. In 1917 the main premises of the repair-mechanical shop were constructed. It also contained a smithy to produce horseshoes, nails, etc. In 1930s the shop organized a welding site, and after that the electrodes manufacture. During the war it produced parts for machine-guns and…
DetailsIn January-September Russia exported 3.37 million tons of pig iron, down by 10% YoY, valued at $1.14 billion, up by 39.4%. According to the customs statistics, USA accounted for 65% of all exports, up by 24.2% YoY. Turkey imported 10%, up by 62.3%, followed by Italy with 6%, down 2-fold. In September Russia exported 675.3…
DetailsIn January-October Belarus Iron and Steel Works increased hot-rolled seamless pipes output by 66% YoY, to 113 thousand tons. According to the company statement, in October pipe manufacture growth was 244.6% YoY. Steel smelting increased by 4.5%, to 1.92 million tons, metal cord – by 6.6%, to 79.6 thousand tons, RML wire – by 14%,…
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