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In Q1 NLMK Group sales grew by 1% QoQ, to 3.7 million tons. Steel output totaled 4.2 million tons (flat QoQ), with facilities running at 96% capacity. Finished product sales increased by 7%, to 2.44 million tons, down by 5% YoY, driven by the growth in flat product sales from the Lipetsk site to export…
DetailsIn January-March Uralskaya Kuznitsa, a part of Mechel, manufactured 25 thousand tons of products, up by 40% YoY, a record for the past 10 years “The considerable increase in the first quarter, when a decline is traditionally observed, has been achieved thanks to the growth of orders from railroad car-building companies”, the company managing director…
DetailsThe VSMPO-Avisma board of directors has recommended the shareholders to decide on the distribution of 2016 profits. In 2016 the company net profits reached 26.6 billion rubles, with the additional net profits of previous periods at 2.4 billion rubles. The board suggested paying a part of the undistributed profits for 2016 (15.07 billion rubles) as…
DetailsOEMK, a part of Metalloinvest, is constructing a shop to receive oxidized pellets. The construction is a part of the project to modernize the metallizing complex No. 2. In 2010 the same work has been carried at the metallizing complex No. 1, resulting in the output increase by 100 tons of pellets per hour. The…
DetailsIn January-March miners of Kuzbass yielded 57 million tons of coal, up by 6% YoY. According to the Kemerovo region coal industry department, the share of power-generating coal reached 41.2 million tons, up by 6.2% YoY, of coking coal – 15.8 million tons, up by 5.3%. In March miners yielded 19.8 million tons of coal,…
DetailsIn 2016 Stalkanat-Silur received 34.49 million UAH of net profits. The company net income went up by 16%, or by 212.5 million UAH, to 1.53 billion UAH. In 2015 Stalkanat-Silur received 194.98 million UAH of losses, having increased its net income by 18% YoY, to 1.32 billion UAH. (Ukrainian metal)
DetailsIn 2016 Krivoy Rog Iron Ore Industrial Complex received 838.41 million UAH of net profits, down by 8.26% YoY, or by 75.5 million UAH. The company net income increased by 51%, or by 1.5 billion UAH, to 4.453 billion UAH. In 2015 KZhRK received 913.912 million UAH of net profits, having decreased its net income…
DetailsEnergomashspetsstal has concluded a contract with Voestalpine Stahl GmbH for the delivery of rolls. According to the company statement, for the Austrian enterprise it will produce two supporting rolls for cold-rolling mills with the total weight of 66.5 tons. EMSS has already got down to the order, the rolls will be supplied to the customer…
DetailsVyacheslav Mospan has returned from his vocation to Dneprovsky Iron and Steel Works as the CEO, while the ex-director of Yenakievo Iron and Steel Works Alexandr Podkorytov has been appointed his first deputy. According to the company statement, April 13, saw the meeting of the management with the employees, where the CEO announced that the…
DetailsIn 2016 the Magadan region mining companies increased gold reserves by 12.9 tons, with 0.9 million tons being alluvial gold and 12 tons – ore gold. Silver reserves increase totaled 37.8 tons. In 2015 gold and silver reserves in the region increased by 12.3 and by 49.4 tons respectively. (Ukrainian metal)
DetailsIn 2016 Kolmar mined 3.6 million tons of coal at its deposits in South Yakutia, up 1.5-fold. Last year the company constructed and put into operation the processing factory at its Inaglinsky GOK and started building the factory at the Denisovsky GOK. “We have also prepared the new deposits for development and the construction site…
DetailsIzhstal, a part of Mechel, is now 257 years old. The best employees received various awards and medals. “The works has a good history. Our task is to retain and multiply the labor traditions of Izhevsk metal makers and to continue the legacy began by our predecessors”, the company managing director Sergey Kozennov declared. (Ukrainian…
DetailsThe second oxygen-converter shop of Evraz ZSMK has started assembling the new 320-ton converter. The project cost is 1.2 billion rubles. Converter No. 5 has been working at Evraz ZSMK for some 12 years. The replacement of the converter will decrease air pollution by 30%. The steel-smelting complex of Evraz ZSMK includes 5 converters and…
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