In 2016 Petropavlovsk received $31.7 million of net profits as opposed to $297.5 million of losses in 2015. According to the company statement, its revenue reached $540.7 million, down by 10% YoY. EBITDA increased by 16%, to $200 million. Gold manufacture prime cost dropped by 12%, to $660 per ounce. As of the end of…Details
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In January-March Kaz Minerals produced 52.1 thousand tons of copper, up by 16% QoQ and by 130% YoY. The group mined 16.9 million tons of ore, up by 27% QoQ and by 59% YoY, the average copper content in the ore was 0.8%. Zinc concentrate output decreased from 19.2 thousand tons in Q4 2016 to…Details
In January-March enterprises of Kuzbassrazrezugol, a part of UMMC, mined 10.8 million tons of coal, including 1.5 million tons of coking coal, up by 300 thousand tons YoY. The group sold 10 million tons of coal, up by 500 thousand tons YoY, with 2.9 million tons delivered to the local consumers and 7.1 million tons…Details
Russia is capable of considerably substituting aluminum imports by 2020. According to the Aluminum Association, at present Russia imports some 250 thousand tons of aluminum products. This is mostly aluminum plates, sections, etc. “Our aluminum industry has enough potential to manufacture these products. By 2020 semi-finished products imports could de substituted with local products at…Details
The Cabinet of Ministers is carrying out a number of projects to decrease coal consumption. According to the Prime Minister Vladimir Groysman, the construction of the electricity line from Rovenskaya NPP to Kievskaya substation will allow saving some 1.44 million tons of coal per year. Reconstruction of Dnestr HNPP will yield the economy of 700…Details
In January-March the volume of industrial output in Donetsk region (not counting the antiterrorist operation zone) decreased by 9.1% YoY, in March the drop was 8.2% MoM and 21.8% YoY. March saw the decrease in metal output by 1% MoM and by 12.4% YoY, and coke – by 8% and by 42.4% respectively. Coal mining…Details
In March, according to the railroad statistics, Chelyabinsk Iron and Steel Works received 3632 tons of ferrous scrap, down by 28% MoM and by 30% YoY. For the last 5 months scrap deliveries to the works (below 4 thousand tons) have been the lowest in 10 years. In Q1 scrap deliveries totaled 13.5 thousand tons,…Details
In January-February Russia imported 252 thousand tons of steel products from Ukraine, up 2.2-fold YoY. According to the Federal Customs Service, the cost of imports reached $150 million, up 3.2-fold YoY. Flat rolled steel accounts for 50% of imports, up 1.64-fold YoY, with value up 3.3-fold. 40% falls on shapes and bars (up 4.5-fold and…Details
In January-March Mechel-Materials almost doubled the grinded slag production, to 40 thousand tons. The grinded slag improves concrete characteristics. Mechel-Materials started manufacturing this product in 2014. In the production the blast slag from Chelyabinsk Iron and Steel Works is used. (Ukrainian metal)Details
Magnitogorsk Iron and Steel Works (MMK) has developed a new English version of the metal products catalogue for the automotive industry. The new catalogue of products with references to car parts will help carmakers choose the required steel grades depending on the purpose of the end product (part). The catalogue includes pictures of various parts…Details
The board of directors of Magnitogorsk Iron and Steel Works (MMK) has approved a new dividend policy, under which the company will raise its dividend payout to at least 50% of its free cash flow from 30%, Board Chairman Viktor Rashnikov said. “The new payment plan says the company will allocate at least 50% of…Details
Amurmetall, the only steel producer in Russia’s Far East, plans to reach production capacity of 1 million tons per year soon, the Khabarovsk region’s Head Vyacheslav Shport said. In February 2015, Amurmetall plant was undergoing bankruptcy, and put to auction at a price of 9.07 billion rubles. The auction failed due to the lack of…Details