In Q3 Seversk Pipe Works, a part of TMK, received 395.9 million rubles of net losses. The previous two quarters were profitable for the company. In particular, in Q2 it received 839 million rubles of profits. Q3 revenues dropped by 24% QoQ, to 7.56 billion rubles, with sales profits at 73.4 million rubles, down from…Details
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Korshunovsky Mining and Processing Works, a part of Mechel, has assembled new pumps at the Ilim water inlet. The cost of the equipment totaled 3.3 million rubles. The machinery would pump water from Ilim water inlet to the processing factory to be used in the iron ore processing. “The new equipment will provide us with…Details
Zaporizhstal intends to receive 4 billion UAH of net profits in 2016, up from 1.8 billion UAH in 2015. The beginning of the year was very difficult both for Zaporizhstal and for the world metallurgy. “I would even call this period (late 2015 – early 2016) the strongest crisis on the market for the past…Details
In October-November Mariupol Ilyich Iron and Steel Works, a part of Metinvest, started producing 1.2-1.55 mm hot-rolled coils. According to Metinvest statement, these coils are used in construction. Coils are made in accordance with DSTU 2834-94/GOST 16523-97. The EU-standard coils are expected to be produced in the near future. “Ukraine never produced hot-rolled coils of…Details
The Republic of Komi decided not to build the alumina plant. Komi Aluminum was SUAL’s project on construction of alumina-aluminum complex, with the expected capacity of 6.5 million tons of bauxites, 1.5 million tons of alumina and 300-500 thousand tons of aluminum per year. The cost of the project was estimated at $2 billion in…Details
Alexander Shevelyov, who earlier was the CEO of timber company Sveza, has been appointed the CEO of steelmaker Severstal, the company said in a statement. Acting CEO of Severstal Alexander Kulichenko was appointed the CFO. (Prime/Ukrainian metal)Details
After several years of idleness the Kremenchuk Steel Works starts operating. The company will be opening new jobs in the railroad car and steel shops for local citizens. The Kremenchuk mayor has ordered the company to provide salary and tax plans. (Ukrainian metal)Details
In January-September DTEK companies mined 22.3 million tons of coal, up by 4.1% YoY. “We are continuing to develop our companies and have finished 2 important projects, that increase coal mining and processing capacities. Pavlogradskaya Central Processing Factory can now process 7 million tons of coal per year, while coal reserves at Yubileynaya mine have…Details
In January-October Russia increased primary aluminum output by 1.4% YoY, with aluminum alloys output up by 11.2%. According to the Federal Service of State Statistics, aluminum rods and sections production went up by 2.4%, of plates, sheets, strips and bands – by 9.7%, but that of foil dropped by 10.8%, all YoY. (Ukrainian metal)Details
In October Volzhsky Pipe Works shipped 61 thousand tons of steel pipes via railroad, down by 0.5% MoM and by 31% YoY. The works has been lagging behind the last year results since the start of this year. VTZ supplied 52 thousand tons of pipes to the local market (down by 2.5% MoM and by…Details
In Q3 Amurmetal received 748.3 million rubles of net losses, up by 2% QoQ. The company revenue totaled 989 million rubles, down by 25% QoQ. Liquid steel smelting dropped by 60% YoY, to 167.84 thousand tons. In January-September Amurmetal received 2.56 billion rubles of net losses, up by 27% YoY. The company produced 71 thousand…Details
Aktyubinsk Rail and Beam Works has certified its products according to the Russian state standard GOST R 51685-2013. The certificate expands ARBZ possibilities of supplying rails to the countries, where this standard is used, primarily to Russia. “Most ex-Soviet countries prefer rails certified to GOST R 51685-2013. We have already signed a contract to supply…Details
In January-October ArcelorMittal Kriviy Rih produced 4.671 million tons of rolled metal, up by 8.8% YoY. According to the company statement, steel output went up by 7.1% YoY, to 5.238 million tons, while that of pig iron – by 14.1% YoY, to 5.04 million tons. Sinter production increased by 10.4%, to 8.68 million tons, of…Details