The net profit of Russian oil and gas pipe producer TMK dropped by 80.7% QoQ to $11 million in July-September, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue fell by 3.6% to $822 million, and gross profit decreased by 13.6% to $165 million. Adjusted earnings before interest, taxes, depreciation, and amortization…
DetailsMetalloinvest has concluded long-term contracts for the delivery of hot-briquetted iron to Magnitogorsk Iron and Steel Works (MMK), Tube Metal Company (TMK) and the ChTPZ group. Metalloinvest will supply 570 thousand tons of HBI: 200 thousand tons to MMK, 220 thousand tons to TMK and 150 thousand tons to ChTPZ. “These are the first long-term…
DetailsIn January-September Donetsk region (without the antiterrorist operation zone) earned $2542.1 million from exports, down by 11.9% YoY. The region exported products to 101 countries. In particular, ferrous metals exports accounted for 76.3% of the total volumes. The regional companies exported $1.9 billion worth of ferrous metals, down by 10.6% YoY. Ferrous metal wares exports…
DetailsEnergomashspetsstal has concluded agreements for the supply of forming rolls for ArcelorMittal iron and steel works in Spain and Romania. According to the company statement, two rolls for the cold-rolling mill will be produced for AM Sagunto SL (Spain), which processes rolled sheet for car industry. Rolls weighing 80 tons will be completely treated by…
DetailsSergey Likhopud, who headed the department of legal matters in Severstal Management, has been appointed the general director of Vorkutaugol. “Sergey Likhopud became the director in a complex time. We have difficult tasks. I hope his knowledge and experience will lead the company out of the crisis situation”, Severstal BD chairman Alexei Mordashov said. (Ukrainian…
DetailsThe Ministry of energy and coal industry of Ukraine is giving documents of Krasnolimanskaya state enterprise to the State Property Fund. According to the ministry decree, the department of corporate and property rights has to transfer the documents within 1 week. In 2015 Krasnolimanskaya mined 641.7 thousand tons of coal, down by 30.9% YoY. In…
DetailsThe minister of energy and coal industry of Ukraine Igor Nasalik visited Severodonetsk in Lugansk region and met with the state regional administration. Nasalik said that the regional mines would receive financing of 1 billion UAH under government guaranties. “I have come to the Lugansk region to help. I want to see the situation at…
DetailsThree Cyprus-based companies, affiliated with Interpipe, have purchased 19.3% Nikopol South Pipe Works shares each from Transportno-Investitsionnye Tekhnologii LLC. The TIT LLC share decreased from 96.689302% to 38.675721%, while the share of Plamsted Limited increased from 0.000027% to 19.337914%, that of Wolbert Company Limited – from 0% to 19.33786%, and of Kamset Holdings Limited from…
DetailsIn January-October Krivoy Rog Iron Ore Industrial Complex produced 4.13 million tons of iron ore, down by 10.8% YoY. According to the company statement, in October KZhRK produced 449 thousand tons of ore, up from 440 thousand tons in September. In 2015 the company produced 5.46 million tons of iron ore, down by 6.7% YoY.…
DetailsCherepovets Iron and Steel Works continues its autumn repair campaign. In particular the company has finished the overhaul of its sintering machine No. 4. Severstal Russian Steel spent 40 million rubles on repairs. (Ukrainian metal)
DetailsYenakievo Iron and Steel Works is facing complete halt because of Ukrzaliznytsia. “EMZ that has just finished its blast furnace No. 5 repairs might not put into operation, and that’s some 45 thousand tons of pig iron or $20 million of revenues in November”, Ukrmetallurgprom chairman Alexander Kalenkov said. According to him, the works is…
DetailsOn November 15, Daryal put its second line of flux-cored wire into operation. “We have put all our newest techniques and developments into the line. We hope it will allow us not only to increase output, but also to meet the requirements of the most demanding consumers, among them the largest iron and steel works…
DetailsThe Kremenchuk Steel Works plans to resume operation on December 5 and start producing railroad car casts. According to the company director Victor Samusenko, in 2017 Ukraine will need some 14 thousand car sets. “We are prepared for this. That is why the company resumed operation”, he said. Samusenko believes the company products will be…
DetailsThe Russian government will unlikely hold an auction for the Sukhoi Log gold deposit in the Irkutsk region this year, Natural Resources and Environment Minister Sergei Donskoi reported. “A decision has not been made, and I would like to say officially that the auction will not most likely take place this year”, he said. In…
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