In January-March RUSAL produced 910 thousand tons of aluminum, down by 2.1% QoQ. Sales reached 985 thousand tons, up by 6.8% QoQ. Value-added products amounted to 436 thousand tons in the total sales, up by 7.8%. The average price in Q1 increased by 8.3% QoQ, to $1949 per ton. Alumina output in January-March totaled 1889…Details
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In January-March Chelyabinsk Iron and Steel Works, a part of Mechel, received 950.3 million rubles of net profits, up 2.3-fold YoY. The company revenue increased by 42% YoY, to 30.333 billion rubles. Sales reached 862 thousand tons, up by 1.6% YoY. (Ukrainian metal)Details
In 2016 VSMPO-Avisma received 25.4 billion rubles of profits, up by 9 billion rubles YoY. The corporation revenue totaled 89.4 billion rubles, up by 13.4% YoY. The net cash flow reached 35.7 billion rubles as opposed to 27.9 billion rubles in 2015. (Ukrainian metal)Details
Cherepovets Iron and Steel Works, a part of Severstal, has finished the first repair of the main machinery in the sheet-rolling shop scheduled for this year. In particular, the 5000 mill, inner pipelines and furnaces have been repaired. “All the repair works have been complete. They will allow us to provide for the faultless operation…Details
In 2017 Evraz will supply some 700 thousand tons of rails, including 240 thousand tons of 100-meter rails to the Russian Railroads. The delivery of longer rails will increase by 60% YoY. Rails at the order of the Russian Railways are produced at Evraz ZSMK and NTMK. In January-March they have already supplied the railways…Details
In 2017 Uralelectromed will increase its investment program 1.8-fold YoY, to 4 billion rubles. Construction of industrial objects and the development of heat and electricity generation will see the most investments. The key project is the construction of the second stage of copper electrolyses shop. (Ukrainian metal)Details
The Ministry of energy and coal industry of Ukraine initiates an audit of foreign purchases of uranium concentrate by the state enterprise Vostochniy Mining and Processing Works. According to the prosecutor of the specialized anticorruption prosecutor’s office Igor Symkiv, under the criminal case of Nikolai Martynenko the energy minister Igor Nasalik has been questioned and…Details
Avdiivka Coke and Chemical Works and the military-civilian administration (MCA) of the town of Avdiivka have signed an agreement on social partnership for 2017, which provides the financing of social programs in the amount of 11.9 million UAH. The document was signed by the company CEO Musa Magomedov and the MCA chairman Pavel Malykhin. In…Details
The Chelyabinsk Pipe Works seamless stainless pipes capacities exceed 25 thousand tons per year, with a wide product range. According to the ChTPZ market analysis and trade expansion department chief specialist Maria Semykina, in 5 years the group share in seamless stainless pipes output increased considerably: from 18% in 2012 to 35% in 2016. This…Details
The ex-people’s deputy Nikolai Martynenko is suspected of embezzling money of the state enterprise Vostochniy Mining and Processing Works. “The investigation showed that in 2013-2016 the employees of VostGok, Steuermann Investitions und Handelsgesellschaft mbH, as well as some individuals with control over the companies, including Martynenko, embezzled the funds of VostGOK in the amount of…Details
Severstal reported that in January-March its average prices for iron ore pellets increased to $86 per ton from $36 per ton a year ago, with export destinations being Europe and the Near East. In Q4 2016 Karelsky Okatysh sold pellets at $49 per ton on average, as the prices increased because of the Brazilian Samarco…Details
According to the National Statistics Department of Georgia, in January-March the total trade with Turkey amounted to $330.7 million, including $54.79 million of exports, up by 9.6% YoY, and $275.96 million of imports, down by 5.5%. Pig iron and alloyed steel semi-finished exports reached 17443 tons valued at $6.32 million, up by 186.2% and by…Details
In January-March Russia increased raw copper output by 3.3% YoY, while the production of copper alloys dropped by 22.7%. According to the Federal Service of State Statistics, copper flakes and powders output decreased by 5.4%, of rods and shapes – by 28.4%, at the same time wire production went up by 15%, and foil –…Details