In 2016 MMK increased its net profits 2.5-fold YoY, to $1.111 billion. According to the company statement, its free cashflow totaled $728 million. EBITDA increased by 17.3% YoY, to $1.956 billion. Company revenues dropped by 3.6% YoY, because of the low sale prices. This year MMK forecasts the increase in steel demand in Russia by…
DetailsYuzno-Sakhalinsk is carrying out a major project on the construction of the Aqua-City multi-functional complex, which will become the largest aqua-park in the Far East. Andrometa supplies metal structures for the construction. So far the company has supplied 2 thousand tons of welded structures. (Ukrainian metal)
DetailsIn 2016 Russia increase raw zinc output by 4.7% YoY. According to the Federal Service of State Statistics, in December 2016 raw zinc production went up by 16.4% YoY and by 19.1% MoM. (Ukrainian metal)
DetailsIn 2016 Russia decreased raw lead production by 8.6% YoY. According to the Federal Service of State Statistics, in December 2016 raw lead output decreased by 9.9% YoY, but went up by 8.5% MoM. (Ukrainian metal)
DetailsThe rolling shop of NLMK-Ural has replaced its gas flowmeter. The project will help decrease gas consumption by 213 thousand cubic meters per year, allowing the company to save some 0.87 million rubles. NLMK-Ural spent 0.6 million rubles on the project. (Ukrainian metal)
DetailsBeloretsk Iron and Steel Works, a part of Mechel, has confirmed the correspondence of the quality of its steel galvanized ropes with the river vessel construction requirements. The corresponding certificate has been issued by the Russian River Registry. The certificate allows the company to supply steel ropes to Russian ship-builders. Steel ropes of 18 GOSTs…
DetailsThe State Committee for Industry, Energy and Subsoil Use revoked 10 licenses for mining. Ken KG LLC lost its license to mine rhinestone. Two licenses of Kench Kut LLC, which mines rhinestone and serpentine rock, have also been revoked. Too Ken Bars, Alfa Consult, Master Elitstroy, Satmen LLC, engaged in mining of limestone, had their…
DetailsAccording to the Statistics Committee of the Ministry of national economy, export prices in 2016 increased by 9.4% on average, import prices – by 16.4%. The highest increase in export prices was observed in zinc (by 72.8% YoY), lead (54.5%), ferrous metals (37.2%), aluminum (28.2%), coal (25.5%) and ferroalloys (24.1%). Ferrous and non-ferrous metal ores…
DetailsKaz Minerals Group reports the production of the first copper concentrate of sulfide ore at its Aktogay Mining and Processing Works according to the schedule to start the manufacture in Q1. The Aktogay processing factory begins increasing capacity to reach the project manufacturing target in H2. The group intends to produce around 300 thousand tons…
DetailsMMK has presented information about its industrial park. Special sections contain important data for existing and future residents of the industrial park, in particular, lease calculator, free are, transport infrastructure, etc. “The implementation of the project will help residents of the park integrate into the technological chain of MMK. We are prepared to offer help…
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