Ukraine: Ferrexpo expecting $500 million of EBITDA in 2018

Ferrexpo plc, controlling PGOK and EGOK, expects to reach $500 million of EBITDA in 2018.

The group plans to announce its 2018 financial results on March 20.

In 2017 Ferrexpo net profit grew 2.1-fold YoY, to $394.47 million, with revenue up by 21.4%, to $1.197 million.

EBITDA increased by 46.9%, to $551 million. (Ukrainian metal)

Russia: IZT to sell $125 million worth of pipes to Gazprom

Izhorsky Pipe Works has concluded an agreement with Gazprom Komplektatsia to supply 107.218 thousand tons of large diameter pipes valued at 8.186 billion rubles ($125 million).

The pipes have to be delivered in October.

The auction was held in late December 2018. ITZ had no competitors. (Ukrainian metal)

Ukraine: gold and silver output down in 2018

In 2018 Ukraine decreased the output of semi-wrought gold by 61.5% YoY, to 5 kg.

Unwrought silver (or powder) output also decreased – by 32.4%, to 1527 kg.

Semi-wrought silver manufacture fell by 50.2%, to 495 kg. (Ukrainian metal)

CIS: steel output up in 2018

In December 2018 Russia produced 5.87 million tons of steel, down by 5.9% YoY (5.68 million tons in November 2018). In the whole year steel manufacture increased by 0.3% YoY, to 71.68 million tons. Ukraine, though no longer a part of CIS, decreased steel output in December 2018 by 0.6%, to 1.885 million tons (1.659…

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Russia: Evraz KGOK commissions new locomotive

Evraz Kachkanarsky GOK has pit into operation a new electric locomotive NP-1 with two diesel dump cars.

The locomotive has been specifically designed for KGOK and has the higher speed of up to 65 km per hour.

The length of the locomotive is 65 meters and the weight is 360 tons. (Ukrainian metal)

Russia: TMK Chermet scrap procurement share over 9% in 2018

In 2018 TMK Chermet sold over 2 million tons of scrap, flat YoY.

The company share on the local market was 9.28%.

At the same time the share of the regional enterprises in the total procurement grew from 40% to 45%. (Ukrainian metal)

Russia: Kandalaksha Aluminum Works resumes exports to Europe

Kandalaksha Aluminum Works, owned by Rusal, resumes exports to the European market.

Russian aluminum will be coming to Europe through the border with Finland.

According to the customs statistics, for the past 1.5 years the company has not been exporting aluminum to Europe. (Ukrainian metal)

Kazakhstan: Kazchrome output up in 2018

In 2018 Kazchrome mined 480 thousand tons of manganese ore, up from 400 thousand tons in 2017.

Last year the company produced around 150 thousand tons of manganese concentrate, up 1.5-fold YoY.

Another company asset – Aktyubinsk Ferroalloy Works – increased output by 16.7%, to 630 thousand tons. (Ukrainian metal)

Russia: EZOTsM to increase exports to Uzbekistan

In late 2018 a delegation of Yekaterinburg Non-Ferrous Metals Processing Works visited Uzbekistan. The members of the company met with the representatives of two mining and processing works, cement manufacturer and continuous basalt fiber enterprise. The latter is already a customer of EZOTsM. The company intends to increase exports to Uzbekistan at least 2-2.5-fold. The…

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