Russia: scrap deliveries to VMZ down in July 2018

In July Vyksa Iron and Steel Works received 39 thousand tons of scrap via railroad.

According to the railroad statistics, deliveries dropped by 132.7% YoY.

In January-July scrap deliveries to VMZ reached 330.1 thousand tons, down by 28.5% YoY. (Ukrainian metal)

Russia: Severstal Russian Steel invests 4 million rubles in new machinery to repair rotors

Severstal has finished assembling new stand in the electric repair shop of Promservice center. The machinery has already been commissioned. “It was the idea of the shop employees to purchase the stand to repair electric engines. Investments totaled 4 million rubles”, Severstal Russian Steel repair division director Sergey Dobrodey said. The stand will make engine…

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Russia: NLMK VP dies in Moscow

NLMK Group reports the tragic death of Dr. Bruno de Cooman, NLMK Group Vice President for Research and Development, on August 29 in Moscow. “Bruno De Cooman’s death is an enormous loss for the group and the entire sector, for his friends and family. He has made an invaluable contribution to the development of global…

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Russia: VSMPO-Avisma IFRS net profit up in H1 2018

The net profit of VSMPO-Avisma grew by 40% YoY, to $167.58 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said.

Revenue increased by 3.3%, to $786.08 million.

Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 6.1%, to $317.52 million. (Prime/Ukrainian metal)

Uzbekistan: Uzmetkombinat launches production of ferroalloys

On August 29 the Uzbekistan Iron and Steel Works launched a workshop for the production of ferroalloys. The launch ceremony was attended by the President Shavkat Mirziyoyev, employees of the enterprise, representatives of the government of Uzbekistan and foreign investors. The cost of the implemented project is $60 million, the workshop is equipped with up-to-date…

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Tajikistan: coal output up in 2018

As of August 24, 988 thousand tons of coal have been produced, up by 67 thousand tons YoY. According to the Ministry of industry and new technologies, this year Tajikistan intends to produce 1.9 million tons of coal. The country has 14 coal deposits. Coal exports so far have reached 27 thousand tons valued at…

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Ukraine: AMKR to submit more than 1000 computers to the schools

Charity fund of PJSC ArcelorMittal Kriviy Rih submitted 220 PCs to 13 schools and the Center for Children’s Social and Physiological Rehabilitation of Saksaganskyi district. The certificates for computer hardware were presented to the school directors in the administration of Saksaganskyi district. To improve facilities of the schools of Kriviy Rih, to make training of…

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Ukraine: VostGOK profit down in H1 2018

In January-June the state enterprise Vostochniy Mining and Processing Works received 13.36 million UAH of net profit, down 16.9-fold YoY. According to the company statement, its net income dropped by 23.2%, to 1.2 billion UAH. Gross profit decreased 2.5-fold, to 170.35 million UAH. Last year VostGOK received 388.94 million UAH of net profit, down by…

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Russia: ore transportation up in 2018

Iron ore transportation in July reached the record-high level in the past 15 years at 10.1 million tons, up by 9.8% YoY.

Since the start of the year railroads have transported 67.1 million tons of ore, up by 5.1% YoY.

Local transportation increased by 11%, while exports remained flat. (Ukrainian metal)

Russia: corrosion-resistant pipes imports from Kazakhstan up in H1 2018

In January-June Russia imported 15.2 thousand tons of seamless corrosion-resistant steel pipes from Kazakhstan, up 50-fold YoY.

Moreover the result of the whole 2017 has been exceeded 4.5-fold.

Kazakhstan accounts for some 60% of all Russian imports of these products.

Pipes for oil and gas pipelines represent the major part of imports. (Ukrainian metal)