In 2019, Dneprometiz received 25.24 million UAH of net profit, while in 2018 it had a net loss of 7.5 million UAH. Undistributed profit totaled 37.09 million UAH. Accounts receivable dropped by 5.4%, to 152.54 million UAH, with fixed liabilities down by 2%, to 22.01 million UAH, and current liabilities – by 26.1%, to 277.45…Details
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In January-February, Ukrainian by-product coke plants decreased 6% moisture metallurgical coke manufacture by 5.9% YoY, to 1.601 million tons. In February, 774 thousand tons of coke were produced. In particular, Avdiivka Coke and Chemical Plant decreased output by 172%, to 491 thousand tons (235 thousand tons in February), Azovstal – by 1.3%, to 225 thousand…Details
Cherepovets Iron and Steel Works has modernized the capacities of the converter No. 2 in the converter steel shop. Machinery was supplied by Danieli Corus V.B., the Netherlands. New machinery will allow improving the converter efficiency, decreasing ferroalloys usage and the smelting time by 30 seconds. Until the end of the year the company intends…Details
Average volumes of purchases by Severstal exceed $6 billion a year. 50% account for machinery and services, and 50% – for scrap, raw materials and energy resources. Overall the group purchases are divided into over 100 categories (ferroalloys, refractories, machinery, etc.). As Severstal investment program is growing, so are the purchasing quantities. (Ukrainian metal)Details
In January, Russia exported 1.2 thousand tons of ferrotitanium, down by 21% MoM, but up by 10% YoY. Price dropped by 3%, to $2073 per ton. Deliveries to the Netherlands decreased from 985 tons to 803 tons, to China – by 69%, to 55 tons, and to Hong Kong – by 60%, to 80 tons.…Details
In 2019, Mechel increased net profit by 25% YoY, to 5.33 billion rubles. In 2016, profit was 15 billion rubles, while in 2014 the company saw a loss of 3 billion rubles. Revenue dropped by 9%, to 112.99 billion rubles. Sales profit decreased from 13 billion rubles to 3 billion rubles. (Ukrainian metal)Details
Turkey’s export of steel to Georgia from January through February made up $19.4 million, up by 16.2% YoY, Turkey’s Ministry of Trade reported. Turkey’s export of steel to Georgia in February increased to $10.6 million, or by 38.3% YoY. (Trend/Ukrainian metal)Details
Beloretsk Iron and Steel Works has supplied trial batches of steel ropes with polymer to Chelyabinsk Iron and Steel Works and Izhstal. Such ropes are used in crane machinery. BMK has produced new 8-strand ropes with polymer coating of metal core according to European standards. One of the ropes, with the diameter of 24 mm…Details
Norilsk Nickel has decreased its forecast of the global palladium shortage in 2020 to 0.2 million ounces due to the spread of the coronavirus. In February, the company forecast the shortage on the level of 0.9 million ounces. But uncertainty in the balance of demand and offer arose due to the coronavirus resulting in the…Details
In 2019, Energomashspetsstal received net profit of 866.37 million UAH as opposed to a net loss of 293.62 million UAH in 2018. Uncovered losses totaled 7.24 billion UAH (8.139 billion UAH in 2019). In 2018, EMSS decreased losses 3.2-fold YoY. The profit received will be spent to cover previous losses. The company assets have grown…Details
The acting minister of energy Vitaliy Shubin claims the miners have received funds in the amount of 327 million UAH. This was stated at the meeting with the directors of state coal enterprises. The miners have received salary for 2019 and February 2020. (Ukrainian metal)Details
The Moscow Exchange switched the trade of Norilsk Nickel’s shares to a discrete mode at 2:08 p.m., Moscow time, on March 24, after a more than 20% price rise within 10 minutes in a row. Norilsk Nickel jumped by 14% earlier in the day on the back of a better mood of the global market…Details
ArcelorMittal Kriviy Rih, the largest mining and metallurgical plant in Ukraine, continues to implement precautions to protect its employees and ensure the uninterrupted manufacture. Under conditions of worsening of the epidemiological situation, ArcelorMittal is forced to reduce production at many own companies around the world, but working diligently to prevent them from complete shutdown and…Details