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)
In July Vyksa Iron and Steel Works decreased steel sales via railroad by 18.9% YoY, to 130.9 thousand tons, both to local customers and abroad. In January-July railroad deliveries grew by 21% YoY, to 1.37 million tons. Supplies to Russian customers increased by 19.7% YoY, to 1.05 million tons, while exports went up by 25.5%,…
DetailsThe Uralelectromed subsidiary has put into operation after a scheduled repair an Engitec Technologies short-drum furnace. The inner insulation layer of the furnace has been replaced. The work cost some 2.5 million rubles. Refractory bricks of two types were used to assemble new lining. The short-drum furnaces are heated to 1200 degrees C to produce…
DetailsIn January-June the net profit of Asha Iron and Steel Works decreased by 120.4 million rubles YoY, to 232.7 million rubles. Revenue grew to 12.7 billion rubles from 11.1 billion rubles. The decrease of the net profit was due to the growth of various expenses by 22%. The company debts dropped to 2.7 billion rubles.…
DetailsBeloretsk Iron and Steel Works is testing its new ropes with polymer coating in the coal pits of South Kuzbass and at the Korshunovsky GOK quarry. The company will start mass production of the steel ropes in early 2019. They are intended to replace imported analogues in mining and oil industries, as well as in…
DetailsSeverstal 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…
DetailsNLMK 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…
DetailsThe prices of precious metals decreased in Azerbaijan on August 29, according to the data published by the Central Bank. The price of gold fell by 8.7465 manats, to 2,047.6925 manats per ounce on August 29 compared to the price on August 28. The price of silver dropped by 0.1912 manats, to 25.1079 manats per…
DetailsThe 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)
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…
DetailsLately a number of Armenian and Azerbaijani media reported on possible “mass firings” at Rusal Armenal because the US sanctions affected foil exports. The company is the largest producer and exporter of aluminum foil. “The works is operating in stable mode. No mass firings are in question. The information appearing in some media is false”,…
DetailsAs 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…
DetailsSeverstal and the First Cargo Company have signed a 5-year agreement on railroad transportation of metal in open wagons. The agreement provides for annual transportation of some 16 million tons of metal. The companies have been cooperating since 2013. That year an agreement was concluded for 5 years. Since then PGK has transported 105 million…
DetailsRussia has a plan to support Rusal hit by US sanctions, including by buying aluminum to the state reserves. In April the company was severely hit by sanctions. Metal deliveries under contracts concluded before April 6 are allowed until October 23. According to the minister of industry and trade Denis Manturov the government has a…
DetailsCharity 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…
DetailsIn 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…
DetailsThe Ministry of Industry and Trade believes that the world market has started suffering from the aluminum shortage. “The world shortage of aluminum amounts to 1.5 to 2 million tons per year, and we expect aluminum consumption, processing and production to increase”, the ministry head Denis Manturov said. Last year Russia implemented a program to…
DetailsIron 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)
Chelyabinsk Iron and Steel Works has produced 2 million tons of rolled metal since commissioning of its rail and beam mill. 1.5 million tons were produced in early January. The company has the first manufacture of high quality rails and beams with the length of 100 meters in Russia. The first beam was produced on…
DetailsFerrexpo Plc. can increase the size of the pre-export financing of 2017 from $195 million to $500 million, postponing the payment from 3 to 4 years. According to the draft decision of the extraordinary shareholders meeting of Poltava Mining and Processing Works scheduled for September 17, amendments will be made to the loan agreement of…
DetailsThe government of Kyrgyzstan thinks how to remove dependence of the economy on Kumtor. The growth of the economy directly depends on the work of the mine. According to the head of the State Committee of Industry, Energy and Subsoil Use, Ulan Ryskulov, it is possible to launch up to ten large deposits in the…
DetailsIn 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)
In January-June Korshunovsky Mining and Processing Works sold 846 thousand tons of iron ore concentrate, down by 40% YoY. In Q1 sales totaled 361 thousand tons, and in Q2 they grew by 41%, to 495 thousand tons. The increase in sales is due to the growth of output. In 2017 KGOK sold 2.5 million tons…
DetailsIn June Russia exported 272 thousand tons of raw aluminum, up by 5.4% YoY. According to the customs statistics, in January-June exports reached 1.55 million tons valued at $2824 million, up by 10.3% and by 24.1% YoY respectively. In June the average price was $1174 per ton FOB Russian border, up by 8.4% YoY. (Ukrainian…
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