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An accident happened at the Severniy Mining and Processing Works – in the Pervomaysk quarry an electric tower transporter overturned. As the result of the accident one of the employees received damages. On July 27 two women-painters perished in the collapse of an elevated work platform. (Ukrainian metal)
DetailsCoal Energy S.A. in July mined 10.536 thousand tons of coal. This was down by 1.8% YoY and by 13.3% MoM. Coal Energy unites 10 coalmines, as well as other assets. The company business suffered considerably because of the military activities in Donbass. (Ukrainian metal)
DetailsThe suggested measures to levy more taxes from metal companies will result in the disappearance of the reason to modernize manufacture and increase labor productivity, as well as reduce investment funds. According to the letter of Severstal owner Alexei Mordashov to the minister of industry and trade Denis Manturov, the group will decrease investment program…
DetailsPJSC ArcelorMittal Kriviy Rih started an active stage of civil works for installation of new equipment of light-section mill No. 250-4. The reconstruction of light-section mill is one of the most extensive at rolling department in the last 20 years. That is one of key projects of the company’s investment program for modernization of production…
DetailsIn January-July Zaporozhye Ferro Alloys Plant decreased output by 7.9% YoY, to 143.5 thousand tons. In particular, silicomanganese manufacture dropped by 3.4%, to 70.62 thousand tons, ferrosilicon – by 14.5%, to 46.28 thousand tons and ferromanganese – by 6.9%, to 22.14 thousand tons. Metallurgical manganese output fell by 9%, to 4.46 thousand tons. (Ukrainian metal)
DetailsIn April-June Tulachermet received 2.03 billion rubles of net profit, up from 434 million rubles in Q1. Consolidated net profit in H1 exceeded 2.46 billion rubles, as opposed to the net loss of 896 million rubles in H1 2017. Revenue in 6 months reached 29.07 billion rubles, up by 24% YoY. In Q2 the company…
DetailsIn January-June Sinarsky Pipe Works received 337.76 million rubles of net profit, down 3-fold YoY. Net profit in Q2 exceeded 243.7 million rubles, up from 94 million rubles in Q1. Revenue in H1 reached 21.44 billion rubles, up by 16% YoY. In Q2 revenue increased by 5% QoQ, to 10.98 billion rubles. (Ukrainian metal)
DetailsIn April-June the Electrostal Metallurgical Works received net profit of 54.7 million rubles as opposed to 562 million rubles of net losses in Q1. Still, in half a year the company saw the net loss of 507.06 million rubles (158 million rubles of net profit in H1 2017). Revenue in 6 months dropped by 6%…
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