Ukraine: ZZhRK increases wages

From October 1 Zaporozhye Iron Ore Complex has increased wages by 15%.

According to the supervisory board the decision has been taken to improve the life level and the motivation of the employees.

ZZhRK is developing the Yuzhno-Belozerskoye and Pereverzevskoye iron ore deposits. (Ukrainian metal)

Ukraine: Lvivugol buys electric motors

The state enterprise Lvivugol has signed an agreement with the Group Profitrade LLC for the delivery of electric motors valued at 1.7 million UAH.

The company will have to supply two motLvivugolors at 850 thousand UAH each.

This is the first Group Profitrade order. The company was registered 7 months ago. (Ukrainian metal)

Russia: ITZ commissions PPU insulation site

From December Irbit Pipe Works will commission a site to apply PPU insulation on pipes.

The machinery produced by Polimer Complex (Moscow) will be used.

It will allow applying insulation to the pipes with the diameter of 57 to 820 mm.

The maximum length of such pipes will be 12 meters. (Ukrainian metal)

Russia: Kolmar and Elgaugol coal output up in January-September 2018

In January-September the Republic of Sakha (Yakutia) mined 13.078 million tons of coal, up by 5.2% YoY.

The increase is due to the operation of Kolmar and Elgaugol LLCs.

Kolmar mined 3.83 million tons of coal, up by 24%.

And Elgaugol mined 3.9 million tons, up by 28%. (Ukrainian metal)

Azerbaijan: Armenia earns profit from extraction of precious metals in occupied lands

Armenia’s aggression policy causes great damage to Azerbaijan in all spheres, including the economic and environmental ones, Zakir Ibrahimov, chairman of the board of AzerGold CJSC, declared. He noted that a report was prepared regarding illegal activities in the occupied Azerbaijani territories, and was sent to the country’s Prosecutor General’s Office. He said that the…

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Ukraine: Zaporizhstal passes QMS audits

Zaporizhstal has successfully passed the quality management system audits for the correspondence to the international standards.

Bureau Veritas Certification Ukraine LLC awarded the company a new quality certificate.

Moreover, the European Fund for Quality Management also audited the company.

Zaporizhstal has become the best Ukrainian company according to the fund. (Ukrainian metal)

Ukraine: ferrous metals exports from Donetsk region up in January-September 2018

In January-September Donetsk region received $3.7 billion from exports, up by 14.1% YoY.

Ferrous metals accounted for 81.7%, or $2984.3 million, up by 22.8%.

In particular, ferrous metals accounted for 56.6% of all exports to Russia, 88.4% to Turkey, 93.2% to Italy and 98.9% to US. (Ukrainian metal)

Russia: VSMPO-Avisma net profit down in January-September 2018

In January-September VSMPO-Avisma decreased net profit by 5.3% YoY, to 14.3 billion rubles.

Revenue grew by 9.3%, to 60.3 billion rubles.

Gross profit increased by 17%, to 27.6 billion rubles.

Sales profit totaled 21.8 billion rubles, up by 20.1% YoY.

The company assets increased by 14.9%, to 160 billion rubles. (Ukrainian metal)

Russia: STZ net profit down in January-September 2018

In January-September Sinarsky Pipe Works received 649.84 million rubles of net profit, down from 1.14 billion rubles in 9 months of 2017.

Revenue grew by 17%, to 32.52 billion rubles.

Sales profit dropped from 2.1 billion rubles to 1.2 billion rubles.

Short-term liabilities increased from 65.6 million rubles to 3 billion rubles. (Ukrainian metal)