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4 individuals have acquired 99.5% of Kondratyevsky Refractory Works shares. In particular, Sergey Petrov, Hennady Lobanov and Dmitry Stepanov as well as another individual have purchased 24.898%, 24.93%, 24.78% and 24.9% of shares respectively. Petrov is the supervisor board chairman, and both Lobanov and Stepanov its members. In 2016 the works received 10 thousand UAH…
DetailsIn addition to increasing debts, Kremniypolymer and Zaporozhye Titanium and Magnesium Works keep on stocking hazardous materials and cooperating with Russia. “As of today their total debt to the regional power generating company exceeds 500 million UAH. They also increase stocks of hazardous materials. In particular, Kremniypolymer increased ammonia and chlorine stocks by 60 tons”,…
DetailsThis year Dneprovsky Iron and Steel Combine, a part of ISD, intends to produce 2.935 million tons of pig iron and 3.099 million tons of steel, up by 51.3% and by 57.6% YoY respectively. Sinter output is expected to increase by 37%, to 4.528 million tons. In 2016 DMK produced 1.94 million tons of pig…
DetailsIn April Pervouralsk Pipe Works shipped 77.1 thousand tons of steel pipes via railroad, up by 6.8% MoM and by 8.8% YoY. In March sales increased by 6.5% MoM and by 22.4% YoY. In April the company supplied 65.5 thousand tons of pipes to the local market (up by 7.6% MoM and by 0.3% YoY)…
DetailsRussia has enough coking coal for 25 years, the minister of energy Alexander Novak declared. “Industrial stocks of operating enterprises as of January 1 totaled 1.183 billion tons. Last year we mined 43.694 million tons. Thus we have enough coking coal for 25 years”, he said. (Ukrainian metal)
DetailsUnited Metallurgical Company has chosen Danieli (Italy) as the main supplier and assembler of the pipe quality control, thermal treatment and processing line. The machinery, supplied within the program of modernization, will be installed at Vyksa Iron and Steel Works in the pipe electric arc shop No. 1. The line is expected to be put…
DetailsMetallinvest-Ufa supplies rolled metal for one of the largest housing construction project of the city for the past years. The Planet district will have blocks-of-flats, a kindergarten for 270 children, a school for 1200 students and a stadium. The company has also participated in the construction of the Kronospan works, having supplied 2 thousand tons…
DetailsIn January-March Mechel increased steel output by 8% YoY, to 1.121 million tons. According to the company statement, pig iron output went up by 4%, to 1.046 million tons, flat rolled metal manufacture increased by 20%, to 153 thousand tons, bars – dropped by 4%, to 705 thousand tons. The production of beams, rails and…
DetailsUral Steel, a part of Metalloinvest, has in advance finished the scheduled capital repair of the furnace shop casting machine No. 3. The shop operates 5 casting machines. Each of them undergoes an overhaul every three years according to the schedule. Repairmen have 30 days to conduct all the work. (Ukrainian metal)
DetailsMetalloinvest net profits increased 2.2-fold YoY in January-March, to $391 million. The company earnings went up by 85.1%, to $1.52 billion rubles, mostly thanks to the considerable increase of iron ore and steel products average prices, as well as the increase of high added value products sales. EBITDA jumped 2.9-fold, to $527 million. The mining…
DetailsThe net profit of Russian metals and mining group Mechel, attributable to shareholders, jumped to 13.902 billion rubles in January-March from 312 million rubles in the same period of 2016, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on May 31. Consolidated revenue increased by 24%, to 77.414 billion…
DetailsIn 2016 Zaporizhstal increased profits by 89.6% YoY, to 5.2 billion UAH ($201 million). According to Metinvest statement, Zaporizhstal earnings dropped by 9.7%, to $1.321 billion, while its EBITDA increased by 7.8%, to $165 million. Metinvest owns 49.9% of Zaporizhstal shares, 24% of Zaporozhye Iron Ore Complex, 42.8% in Zaporozhkoks and 49.2% in Zaporozhogneupor. Yuzhniy…
DetailsIn 2016 the net profit of Metinvest totaled $118 million as opposed to $1.003 billion of net losses in 2015. EBITDA increased 2-fold, to $1.153 billion. Among other things, the EBITDA increase was the result of the drop of raw materials prices, mainly coal, coke and scrap (by $94 million), partially compensated for by the…
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