In 2017 Dneprospetsstal received 53.677 million UAH. According to the company statement, the cost of its assets increased by 33.7% YoY, to 7.945 billion UAH, while its accounts receivable grew by 15.7%, to 1.55 billion UAH. The company fixed liabilities decreased by 41%, to 1.644 billion UAH, while current – increased by 60%, to 4.9…Details
The largest open-hearth furnace in Russia has been shut down at Vyksa Iron and Steel Works, a part of OMK. The technology became obsolete, and the company will switch to new techniques. “The shutting down of the open-hearth furnace manufacture will decrease air pollution by 90%. All the workers of the closed shop will be…Details
Russian metals producers can sustain at least $2 billion losses from a 25% U.S. import duty on steel and about $1 billion from a 10% aluminum duty, Deputy Industry and Trade Minister Viktor Yevtukhov declared. “Concerning the losses of our companies, tentative estimates show at least $2 billion from the steel duty and $1 billion…Details
PJSC ArcelorMittal Kriviy Rih, the biggest steel company of Ukraine, has announced its financial results for 2017. Key financial results are as follows: Net income from sales – $2.489 billion (UAH 66.19 billion). Net profit – $0.19 billion (UAH 5.06 billion). Amount of investments (CAPEX and OPEX) – $0.338 billion (UAH 9 billion). In recent…Details
In 2017 Energomashspetsstal received 930.56 million UAH of losses, down by 38% YoY. According to the company information, since the beginning of the current year its uncovered losses totaled 7.89 billion UAH (7.013 billion UAH in 2017). In 2016 EMSS decreased losses 2-fold YoY, to 1.498 billion UAH. Last year the company assets dropped slightly…Details
On March 22 the arc furnace No. 1 was put into operation. Now the steel manufacture of Belarus Iron and Steel Works operates in normal mode with 3 furnaces. On March 12 repairs at the arc furnace No. 3 were completed. The repairmen were able to finish the work 3 days earlier. On March 17…Details
Mine named after Matrosov, a part of Polyus, plans this year to mine 5 tons of gold at the Natalkinskoye deposits in Magadan region. When the project reaches its full capacity, the output will total 12 tons per year. Together with other enterprises, Natalka could bring the combines gold output of the region to 40…Details
In 2017 Berezitovsky Mine LLC, a part of Nordgold, produced 2.933 tons (94.3 thousand ounces) of gold, up by 18% YoY. According to the company press-service, the increase has to do with the growth of the manufacturing efficiency as well as commissioning of the third stage of the quarry. Last year the company mined some…Details
A new drilling rig began operating in the Stoylensky Mining and Processing Works quarry.
It has been purchased under the renovation program to replace outdated machinery.
The efficiency of the new rig is 7% higher.
The new machine also boasts increased lifetime of 2 years and decreased terms of repairs. (Ukrainian metal)
In 2017 Raspadskaya increased deliveries of coking coal to Evraz Ukraine enterprises 9-fold YoY, to 506 thousand tons. The share of Evraz Ukraine in the total sales of coal concentrate grew to 8% in 2017 from 1% in 2016. Last year the company sold 7.494 million tons of coal concentrate and ordinary coal, up by…Details
In February Evraz NTMK decreased railroad sales of rolled metal by 6.1% YoY, to 280.2 thousand tons.
In January-February sales dropped by 12.7%, to 586 thousand tons.
In particular, supplies to domestic consumers decreased by 7.5%, to 289.2 thousand tons, and for export – by 17.2%, to 296.8 thousand tons. (Ukrainian metal)
Gaz-Alliance, controlled by the renegate businessman Sergey Kurchenko, has been appointed the only supplier of coal from the Kiev-uncontrolled territories. According to Vladislav Brig, a member of the so-called People’s Council of the Donetsk People’s Republic, a terrorist organization created and supported by Russia, on March 14 the Russian Ministry of economic development prohibited the…Details
In 2017 Raspadskaya received $319 million of net profit, up 1.7-fold YoY.
According to the company statement, its revenue grew 1.7-fold, to $868 million.
The gross profit reached $459 million, up 2.2-fold YoY. (Ukrainian metal)
In 2017 ArcelorMittal Kriviy Rih increased net profit by 87% YoY, to $190 million (5.06 billion UAH). According to the company statement, net income totaled $2.489 billion (66.19 billion UAH). Investments last year reached $0.338 billion (9 billion UAH). “This year AMKR will continue investing in developing capacities. The planned amount for this year is…Details
In February metal exports from Ukraine dropped by 5.5% MoM, to 638.6 thousand tons.
According to the state enterprise Derzhzovnishinform, revenue decreased by 4.4%, to $828.8 million.
In January revenue from metal exports was $867 million. (Ukrainian metal)
In January-February Russia increased raw and semi-raw platinum output by 5% YoY, and silver – by 48%.
According to the Federal Service of State Statistics, in February platinum output grew by 3% YoY, and silver – by 3.3%.
As to January platinum manufacture increased by 56.9% and silver – by 51.3%. (Ukrainian metal)
In February Kuzbass mined 12.6 million tons of coal, up by 5.9% YoY. Underground output totaled 6.9 million tons, down by 6.2%. Coking coal mining reached 5.5 million tons, up by 3.8%, and power-generating coal – 14 million, up by 6.9%. In January-February Kuzbass yielded 38.6 million tons of coal, up by 3.5%. Factories processed…Details
In January Russia exported 711.6 thousand tons of flat unalloyed rolled metal, up by 1.6% MoM and by 17.8% YoY.
According to the customs statistics, revenue grew by 3.5% MoM and by 41% YoY, to $421 million.
The largest importer in January was Turkey (23.4%), followed by Iran (7.4%) and Poland (6.8%). (Ukrainian metal)
The shares of the Russian coal producer Raspadskaya dropped by around 15% on the Moscow Exchange after the company’s board of directors recommended paying no dividends for 2017, when the company’s net profit increased by 70%, to $319 million, according to the exchange’s data. The shareholders will consider the board’s recommendation at an annual general…Details
The state enterprise Mirnogradugol has ordered Erlight LLC the delivery of spare parts for belt conveyers valued at 91.95 million UAH. The company has previously supplied similar spare parts to the enterprise. For example, last year it received an order valued at 3.73 million UAH. The company supplies spare parts and equipment produced in Kursk,…Details
DTEK is negotiating with the State Property Fund and the Ministry of energy and coal industry the shutting down of the Belitskaya mine, a part of DTEK Dobropolyeugol LLC. “The Belitskaya mine operation is inefficient. But since it is leased, and not owned by DTEK, it cannot decide its fate on its own”, DTEK Dobropolyeugol…Details
The project on the development of the Durminskoye gold-silver deposits will require 3 billion rubles. “We are prepared to start developing the site this year. But now the issue of financing is critical. We’re negotiating with a potential investor”, the Eastern Mining-Ore Company LLC CEO Anatoly Petukhov said. By 2018 the company has carried out…Details
In January Russia increased ferrous metals imports by 31.7% YoY, to 598.8 thousand tons. According to the Federal Customs Service, the imports of ferrous metals, not counting pig iron, ferroalloys, waste and scrap, reached 439.3 thousand tons, up by 13.2% YoY. At the same time steel pipes imports dropped by 5%, to 43.1 thousand tons.…Details
In 2017 Evraz Dneprovsky Iron and Steel Works received 2381.687 million UAH. According to the company statement, its assets totaled 4.333 billion UAH, current liabilities – 7.155 billion UAH, accounts receivable – 1.535 billion UAH and fixed liabilities – 572.736 million UAH. Steel output last year at Evraz DMZ dropped by 13.2% YoY, to 918…Details
This year DTEK intends to increase combined coal output at DTEK Dobropolyeugol and Belozerskaya 1.7-fold, or by 2 million tons, to 4.8 million tons. “In 2017 five mines yielded 2.8 million tons. This year we intend to reach 4.8 million tons, that is mine 2 million tons more. Actually, the normal capacity of Dobropolyeugol is…Details
In 2017 Druzhkovka Metal Wares Works increased net profit 2.5-fold YoY, to 88.448 million UAH. According to the company statement, undistributed profit as of the end of last year totaled 409.884 million UAH. Last year the company increased current liabilities by 57.3%, to 96.543 million UAH, while fixed liabilities dropped by 26.1%, to 16.316 million…Details