The net profit of Russian steelmaker Severstal fell by 23.7% YoY, to $374 million in October-December 2019, while revenue decreased by 12.9%, to $1.838 billion, and EBITDA went down by 23.5%, to $602 million, as sales and prices fell, the company said in a statement on January 31. Free cash flow slumped by 70.5%, to…Details
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The city of Taganrog has sold a land plot with the total area of 18 ha and the main assembly premises of the local car plant for 81.7 million rubles. VtorCherMet LLC was the buyer of TaGAZ. Earlier the assets were estimated at 181 million rubles. TagAZ was founded in 1997 and declared bankrupt in…Details
In November 2019 Russia exported 38.2 thousand tons of zinc ore and concentrate, up by 4% MoM and by 26% YoY. Deliveries to China grew by 50%, to 23.2 thousand tons, but to Kazakhstan dropped from 21.2 thousand tons to 13.3 thousand tons. In 11 months of 2019 exports totaled 279 thousand tons, down by…Details
In 2019 Volgograd region increased metal output by 13.7% YoY. Cold-drawn unalloyed steel wire manufacture grew by 31%, rolled metal – by 23.8% and steel pipes – by 8.9%. Companies producing metal wares increased output by 17.1%, with ferrous metals structures manufacture growing 1.6-fold, metal doors, windows and frames – by 41.7%, and electrodes with…Details
Cherepovets Iron and Steel Works has modernized the capacities of its converter No. 3. In particular, the company has implemented an automated system of lining thickness measurement. The converter has received a robot-manipulator with laser scanner. The equipment was supplied by Vesuvius, Process Metrix and PiroMet. Investments in the project exceeded 50 million rubles. (Ukrainian…Details
ArcelorMittal Kriviy Rih summarized results on safety in 2019. During last year company investments into labor and industrial safety increased by a fourth compared to 2018 and amounted to 503,4 million UAH. Expenditures on each employee exceeded 25 thousand UAH. The company will continue investing into improvement of work conditions, supply of overalls and safety…Details
Russian oil and gas pipe maker TMK has launched a 5.5-billion ruble heat-treatment complex at pipe-rolling unit No. 1 of the Sverdlovsk region-based Seversky Pipe Plant, the company said in a statement on January 30. The capacity of the up-to-date complex created in association with state-owned nanotechnology company Rusnano is up to 300,000 tons annually.…Details
The “Ilyashev and Partners” Law Firm, representing Druzhkovka Metal Wares Works, has initiated an antidumping investigation of the imports of steel fasteners from China. Following the investigation an antidumping duty on the import of fasteners from China could be introduced. The investigation could be carried out in 12-18 months. (Ukrainian metal)Details
In 2019 Evraz Russian plants produced 11.953 million tons of steel, up by 9% YoY. The growth of the output is due to the capital repair of the blast furnace No. 1 lasting less than the repair of the blast furnace No. 3 in 2018. Steel sales totaled 13.502 million tons, up by 10.4%, with…Details
The Yuzhniy Sea Trade Port has started designing a complex to transport coking and power-generating coal. The construction is envisioned in the company reconstruction program. 5.5 million UAH will be invested in the design work. At present the port processes some 2.6 million tons of imported cargo. The new complex will allow it increasing processing…Details
Kyshtym Electrolytic Copper Plant has received the first batch of electrolysis baths to be assembled in the new copper electrolysis shop. The baths are made of polymeric concrete. KMEZ has purchased 336 new baths. They will be delivered in batches. The company will start assembling the machines in April. (Ukrainian metal)Details
Due to the growth of palladium price, Norilsk Nickel intends to increase ingots manufacture. The company will also sell some 3 tons of palladium from its Global Palladium Fund, which could cover 1% of the global demand. Analysts believe, the market has been overheated, while the real demand for palladium is not that large. Industry…Details