In 2016 Sibir-Polymetally, a part of UMMC, decreased capital investments 3.6-fold YoY, to 1.08 billion rubles. According to the company statement, new equipment was purchased for 108.7 million rubles, and capital repairs saw the investments of 550.1 million rubles. Last year the company received 205.833 million rubles of net losses as opposed to 97.814 million…
DetailsThe Federal Customs Service has put Chelyabinsk Zinc Works in the low risk category. The customs control of products exported from or purchased by ChelZinc will be carried out not in full volume. “The main advantage of this registry is the saving of time when products move through the customs border of Russia. This is…
DetailsLast year’s blackout has reportedly cost the Tajik Aluminum Company (TALCO) more than $8 million. Over the first two months of this year, Tajik aluminum smelter has reduced aluminum production by 36.3% YoY, according to the Ministry of Industry and New Technologies (MoINT). In January-February, TALCO produced only 16,300 tons of primary aluminum, down by…
DetailsIn January-February Russia imported 78.1 thousand tons of ferrous scrap from Kazakhstan, up 2.4-fold. This is also the highest result for the last several years. Chelyabinsk region imported 46% of Kazakh scrap, Krasnoyarsk krai – 32%, and Saint Petersburg – 8%. (Ukrainian metal)
DetailsIn January-February Russia imported 281.5 thousand tons of steel products from Kazakhstan, up by 115% YoY. According to the customs statistics, flat rolled steel accounted for 92% of imports, with 56% being steel of 3 mm thickness and higher, up 3-fold YoY. Sheet steel accounted for 33%, up 1.8-fold. Galvanized steel supplies increased by 103.4%,…
DetailsThe largest Russian gold miner Polyus in January-March increased output by 17% YoY, to 450 thousand ounces. According to the company statement, the growth was stipulated by the output increase at Olimpiada, Blagodatnoye and Kuranakh deposits. Ore processing increased by 4%, to 6.6 million tons. Ore mining went up by 26%, to 8.6 million tons.…
DetailsIn 2016 the total earnings of Chelyabinsk Zinc Works increased by 26% YoY, to 30347 million rubles. The main driver for the growth was the zinc price rise at LME – by 9% YoY, to $2095 per ton. The company net profits totaled 4016 million rubles as opposed to 3750 million rubles in 2015. EBITDA…
DetailsIn 2017 Dneprovsky Iron and Steel Combine plans to increase steel output by 59.7% YoY, or by 1.16 million tons, to 3.1 million tons. According to the company statement, pig iron output is expected to increase by 51.3%, to 2.94 million tons, rolled metal – by 25.8%, to 561.2 thousand tons. In 2016 DMK received…
DetailsIn 2016 Marganets Mining and Processing Works received 535.28 million UAH of losses as opposed to 6.7 million UAH of profit in 2015. According to the company statement, its net income decreased 2.7-fold YoY, or by 1.17 billion UAH, to 676.39 million UAH. In 2015 MGOK received 6.7million UAH of net profits, up by 1.17…
DetailsShareholders of Azovstal Iron and Steel Works at a meeting on April 28, decided to pay 1.47 billion UAH of dividends (0.35 UAH per share). According to the company statement, the dividends will receive a part of the profit, received by Azovstal in 2014 (915 million UAH), and profit for 2016 (558.42 million UAH). In…
DetailsIn January-March Metinvest increased steel output by 1% QoQ, to 2.07 million tons. According to the group statement, Azovstal increased steel output by 139 thousand tons and Mariupol Ilyich Iron and Steel Works – by 96 thousand tons, which compensated for the drop of production at Yenakievo Iron and Steel Works by 223 thousand tons.…
DetailsIn January-March Metinvest increased rolled metal output by 6% YoY, to 1.586 thousand tons. According to the group statement, flat rolled metal output increased by 151 thousand tons, mostly thanks to Azovstal increase – 170 thousand tons, and Mariupol Ilyich – 8 thousand tons, as well as coil output at European works – 17 thousand…
DetailsPJSC ArcelorMittal Kriviy Rih (Dniepropetrovsk region) will not pay dividends for 2016, but will direct net profit in the amount of UAH 2.704 billion for development of production. According to a plant press release, this decision was made at an annual general meeting of shareholders on April 27. The shareholders heard the reports of the…
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