The board of directors of aluminum giant UC RUSAL has decided to remove the company from registration in Jersey and reregister it as an international company in Russia, according to the company’s statement released on the Hong Kong Stock Exchange on November 5. Hit by the U.S. sanctions, RUSAL said in August it started a…Details
Chelyabinsk Iron and Steel Works has produced over 5 thousand tons of rebars for the construction of the housing district Salavat Kupere (Rainbow) in the city of Kazan.
Some 1.5 million square meters of living quarters will be constructed in the district.
Metal is supplied by Mechel-Service. (Ukrainian metal)
In April-June Korshunovsky Mining and Processing Works increased ore mining by 30% QoQ, to 1.6 million tons. In Q3 ore output grew by 13% more, to 1.8 million tons. In Q2 iron ore concentrate manufacture totaled 522 thousand tons, up by 48% QoQ, and in Q3 – 609 thousand tons, up by 17%. “Early in…Details
The Fund of Bashkortostan industry development could support the new investment project of Beloretsk Iron and Steel Works on ferrous metals processing. Investments planned might exceed 1.1 billion rubles. As one of the tools of support the company mulls a soft loan of 540 million rubles. The loan at 3-5% is to be paid from…Details
In October Energomashspetsstal shipped 230 tons of rolls to three domestic metal enterprises.
Work and back-up rolls have been delivered to Zaporizhstal, Mariupol Ilyich Iron and Steel Works and Kramatorsk Metal Rolling Works LLC.
All the companies are long-time partners of EMSS. (Ukrainian metal)
In spite of the Russian aggression, Ukrainian metal and machine-building companies try to be present on the Russian market and strengthen their ties with traditional clients. This year Metal-Expo-2018 to be hosted in Moscow on November 13-16 will welcome 12 Ukrainian participants, including major and well know in Russia metal companies. Metinvest will traditionally participate…Details
In October Ukraine decreased steel output by 1% MoM, to 1.772 million tons. At the same time pig iron manufacture grew by 6%, to 1.775 million tons, while that of rolled metal dropped by 2%, to 1.523 million tons. In January-October Ukraine produced 17.08 million tons of pig iron, up by 7% YoY, 17.54 million…Details
In January-October Azovstal produced 3.285 million tons of rolled metal, up by 4.4% YoY. Steel output dropped by 4%, to 3.424 million tons, but that of pig iron grew by 0.9%, to 3.149 million tons. In October Azovstal produced 249 thousand tons of rolled metal, 255 thousand tons of steel and 255 thousand tons of…Details
Mangaseia Mining LLC, developing gold ore deposits in Zabaikalye region, in January-September obtained 19.15 thousand ounces of gold, up by 1.6% YoY. In 3 quarters the Kochkovskoye deposits yielded 4.79 thousand ounces of gold, including 3.67 thousand ounces of ore gold and 1.12 thousand ounces of alluvial gold. Savkinskoye deposits decreased output by 23.8%, to…Details
In January-October Kosaya Gora Iron and Steel Works increased ferromanganese sales by 2.3 thousand tons YoY, to 53.6 thousand tons.
In 10 months the company produced 62 thousand tons of ferromanganese, up by 9.1 thousand tons. (Ukrainian metal)
In January-September Rusal received $1.549 billion of net profit, up by 98.1% YoY. The corrected net profit grew by 20.1%, to $873 million. Revenue reached $7.915 billion, up by 9.6%. In Q3 net profit increased by 46.3% QoQ, to $597 million, with corrected up by 55%, to $448 million. Revenue reached $2.918 billion, up by…Details
In October Mariupol Ilyich Iron and Steel Works ascended to the first place among the largest VAT receivers. The company was reimbursed 761.7 million UAH as opposed to 669.4 million UAH in September (second place). According to the State Treasury Service, Zaporizhstal received 486.7 million UAH (616.8 million in September) and Nikopol Ferroalloy Plant –…Details
Prices of precious metals varied in Azerbaijan on November 5, according to the data published by the Central Bank. The price of gold decreased by 1.5385 manats, to 2,095.148 manats per ounce on November 5 compared to the price on November 2. The price of silver dropped by 0.0332 manats, to 25.0249 manats per ounce.…Details
The Central Bank of Azerbaijan (CBA) has received for storage 400.2 kilograms (12,865.2 troy ounces) of gold from Switzerland, the Ministry of Finance of Azerbaijan reported. The gold mined at the Gadabay deposit, after being refined in Geneva, was handed to the CBA to be deposited by the State Service for Controlling Precious Metals and…Details
A technical study inspecting the safety norms of mines in Georgia has been launched, the results of which will be announced in December, says the Economy Minister Giorgi Kobulia. “Only after that it will be decided in which sections of mines work will be renewed. In the meantime, we will pay the miners, as we…Details
In September Zaporozhkoks produced 65.03 thousand tons of blast furnace coke. The manufacturing goal for the month has been reached. In January-September the company produced 609.98 thousand tons of blast furnace coke. The output decreased YoY because of the scheduled repair of the coke-oven battery No. 5 Investments in the repair totaled 73 million UAH.…Details
In January-September the United Mining and Chemical Company received 423.079 million UAH of net profit, down by 27.8% YoY.
EBITDA decreased by 26.7%, to 524.351 million UAH.
At the same time net income grew by 18.3%, to 2.549 billion UAH.
Undistributed profit as of late September totaled 297.083 million UAH. (Ukrainian metal)
In January-September Zaporozhye Aluminum Works received 106.578 million UAH of net losses as opposed to 118.692 million UAH of net profit in 9 months of 2017.
The company did not have any net income, while last year it totaled 31.891 million UAH.
This year ZALK has not manufactured anything. (Ukrainian metal)
DTEK Pavlogradskoye Mine Group has ahead of schedule completed the annual output plan.
The miners yielded 506,900 thousand tons of gas coal 2 months ahead of schedule.
In October the first site started mining coal from the new long face. DTEK invested some 40 million UAH in its development. (Ukrainian metal)
Corum Group will supply machinery for a major Polish mining company – Polska Grupa Gornicza. This will allow the Ukrainian supplier to integrate into the Polish market. Corum will supply 140 sections of the mechanized anchoring for the Sosnica mine. “The market is one of the most attractive for us due to the reorganization of…Details
On November 1 the steel wire shop No. 3 of Belarus Iron and Steel Works shipped the 3-millionth ton of wire. The anniversary ton was sold to Mazur-Tom (Poland), where it would be used to produce nails. In January-October BMZ produced over 216 thousand tons of wire. This year the wire was exported to Lithuania,…Details
To unload the Minsk Ring Automobile Road (MKAD) it was decided to construct the MKAD-2. Belavtodor, which unites the major road building companies of the country, has been tasked with the construction of the object with the length of 159 km. A Group has supplied flange beams for the construction. Such beams are used in…Details
EPM-Novocherkassk Electrode Works has started implementing an investment project to construct a Riedhammer primary roasting ring kiln. The kiln will be constructed in the roasting shop to replace the decommissioned machinery. The delivery of the new machinery is scheduled for H1 2019. The commissioning is scheduled for Q4 2019. Investments in the project total 1.5…Details
Energomashspetsstal has shipped 220 tons of supporting rolls to ArcelorMittal Galati, Romania. According to the company statement, the corresponding agreement was signed in autumn of 2017. Among the products supplied is a bulk roll with the weight of 147.5 tons to be used at the plate-rolling mill-4500. Its length is 10 meters. The roll is…Details