In 2016 Yekaterinburg Non-Ferrous Metals Processing Works received $346 million of revenue, down by 12% YoY. According to the company statement, exports earned the most – $235 million. Net profits of the company decreased to $8 million from $23 million in 2015. “Earnings in the industry in 2016 decreased 2-fold, net profits – 4-fold. There…Details
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In January-March Amurmetal received 897.855 million rubles of net losses, down by 17.1% YoY. According to the company report, earnings dropped 12.6-fold, to 133.684 million rubles. In Q1 Amurmetal decreased steel output 6.5-fold YoY, to 13.57 thousand tons, and rolled metal – 8.8-fold, to 2.4 thousand tons. (Ukrainian metal)Details
In 10 years of operation Kazakhstan Electrolysis Works, a part of ERG, produced 2 million tons of primary aluminum. KEZ is one of the first major industrial projects of the modern Kazakhstan. At the end of 2007, when the first stage of the works was put into operation, 11 thousand tons of primary aluminum were…Details
The new owners of Shadrinsk Metal Structures Works will invest around 1 billion rubles into modernization. In the first place Invest, the owner of the works, will construct the galvanizing line. It is expected to be put into operation in spring 2018, while the main manufacture (of metal structures) – in the second half of…Details
Severstal, one of the world’s leading vertically integrated steel and mining companies, has signed contracts for the engineering and supply of equipment for the refurbishment of blast furnace No. 5 at the Cherepovets Iron and Steel Works. The Netherlands-based engineering company Danieli Corus B.V. will provide the furnace casing and the cooling system equipment including…Details
The state gas-extracting company Ukrgazdobycha has ordered Interpipe the delivery of 17 thousand tons of casing pipes valued at 839.197 million UAH. The company will buy 14350 tons of assorted casing pipes, 2150 tons of casing pipes with premium threads and 500 tons of triangular thread casing pipes. According to the agreement the pipes have…Details
In April Coal Energy S.A. decreased coal output by 66.4% (by 15.3 thousand tons) YoY, to 7.7 thousand tons. According to the company statement, output went up 3.8-fold MoM, or by 5.7 thousand tons. Coal Energy unites 10 coalmines. It supplied coal to thermal power plants, coke and cement works. It also exported to Bulgaria,…Details
In January-March the thermal power plants of DTEK Zakhidenergo consumed 173 thousand tons of coal, mined by Volynugol and Lvivugol, or 74% of their total sales. In 2016 the DTEK share in Lviv-Volyn miners sales was 66% (667 thousand tons), in 2015 – 49% (486 thousand tons). At present the purchase of Ukrainian coal is…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it has exported 8 million tons of coal this year (as of May 17). According to the company, the terminal’s throughput surged by 41% YoY. The milestone ton was loaded onto…Details
In January-March Metalloinvest produced 600 thousand tons of pig iron, down by 8.5% YoY. According to the company statement, the decrease of the output has to do with the repairs of a blast furnace, as well as the shorter calendar work time. Steel output increased by 1.1%, to 1.2 million tons. Russia’s share in the…Details
The Verkhovnaya Rada committee on industrial policy and entrepreneurship recommended the parliament to extend the scrap export duty of 30 euro per ton for 2 years. According to the state enterprise Ukrpromvneshexpertisa in 2016 scrap procurement reached 3.5 million tons, the minimum volume for the past 20 years. (Ukrainian metal)Details
The negotiations between administration of Evraz Sukhaya Balka and miners on the salary increase are underway. As the result of the meetings held on May 12, 15 and 16, the administration decided to review its previous decision on wage increase. The company is prepared to increase salary by 20%. Taking into account the 3% increase…Details