Ukraine: Mariupol Ilyich shares to be sold super-cheap

Mariupol Ilyich Iron and Steel Works has announced the price of the share sales under the squeeze-out procedure.

According to the company, the price of each share with the value of 0.25 UAH was set at 0.08 UAH.

The share price was set by the company supervisory board. (Ukrainian metal)

Kazakhstan: AMK output up in 2017

In 2017 Aktyubinsk Copper Company produced 58 thousand tons of copper concentrate and 52 thousand tons of zinc concentrate, having exceeded the target by 2% and by 17% respectively.

Revenue target was overfulfilled by 17%.

Payments to the budget increased 4-fold YoY. (Ukrainian metal)

Ukraine: Ferrexpo net profit up in 2017

In 2017 Ferrexpo plc increased net profit 2.1-fold, or by $205.272 million, to $394.472 million.

Revenue grew by 21.4%, to $1197.494 million.

EBITDA increased by 46.9%, to $551 million.

Last year Ferrexpo produced 10.444 million tons of pellets, down by 6.8% YoY. (Ukrainian metal)

Russia: gold output up in January-February 2018

In January-February Russia increased the manufacture of raw and semi-raw gold by 2% YoY.

According to the Federal Service of State Statistics, in February output grew by 9.5% YoY and by 40.4% MoM. (Ukrainian metal)

Russia: ChTPZ scrap sales down in 2017

In 2017 the Meta Group of Companies, a part of ChTPZ, sold 1.32 million tons of scrap, down by 2.5% YoY, including 829 thousand tons of its own procurement, up by 69 thousand tons, and 491 thousand tons of transit scrap. Among the group participants the sales growth leaders were Vtorchermet (+30.7 thousand tons), Meta-Chelyabinsk…

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Russia: metal structures output down in January-February 2018

In January-February Russia produced 636 thousand tons of steel structures, down by 14% YoY.

According to the Federal Service of State Statistics, in February output increased by 10.4% MoM.

Aluminum structures manufacture dropped by 12.8%, to 8 thousand tons. (Ukrainian metal)

Ukraine: UGOK unable to compensate Metinvest for the drop of Zaporizhstal profits

In 2017 Zaporizhstal decreased profits by 15.4% YoY, to $170 million (4.5 billion UAH). According to Metinvest, the company revenue increased by 34.4%, to $1.775 billion, while EBITDA dropped by 18.2%, to $135 million. Metinvest owns 49.9% of Zaporizhstal, 24% of Zaporozhye Iron Ore Complex, 42.8% of Zaporozhkoks and 49.2% of Zaporozhogneupor. At the same…

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Ukraine: Metinvest works on occupied territory losses up in 2017

Metinvest works on the Ukraine-uncontrolled territory, that were seized in March 2017, last year increased losses 10-fold YoY, to $352 million. According to the group, as of March 15, 2017, the cost of assets of Yenakievo Iron and Steel Works, Metalen, Makeevka Iron and Steel Works, Krasnodonugol, Khartsyzsk Pipe Works, Komsomolskoye Ore Group and Donetskkoks…

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Ukraine: local metal deliveries down in January-February 2018

In January-February Ukrainian metal companies produced 2977 thousand tons of rolled metal, of which 2643 thousand tons, or 88.7% were exported. According to Ukrmetallurgprom, local customers received only 334 thousand tons (11.3%). In January-February 2017 Ukraine produced 3188 thousand tons of metal and exported 2536 thousand tons (79.5%), with the rest (652 thousand tons or…

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Ukraine: seized metal works in Kerch hiring again

The illegally nationalized Kerch Iron and Steel Works needs employees.

According to the HR office of the company, it is going to hire machine operators, turners, milling machine operators, crane operators, planers, punchers, mechanics, etc.

The usurpers promise monthly bonuses in addition to salary. (Ukrainian metal)

Ukraine: EMSS to supply supporting rolls to Anyang Steel

Energomashspetsstal will supply two bulk supporting rolls with the combined weight of 230 tons to Anyang Steel (China).

According to the company statement, the first roll will be supplied in October, and the second – in February 2019.

The rolls will be used in hot-rolling 3500-mill. (Ukrainian metal)