Russian oil and gas pipe producer TMK has prepared a development strategy for its American assets in which it plans to at least keep the U.S. market share, Deputy CEO for strategy Vladimir Shmatovich said. “We see a strategic goal to at least keep the market share in the U.S. in the key segments or…Details
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The supervisory board of Dniepropetrovsk Metal Structures Works named after Babushkin has dismissed Elena Tarasenko from the office of acting general manager and appointed Yuri Kuzmenko general manager instead. According to the company statement, Kuzmenko has been appointed for 1 year. Tarasenko has been in her office for 12 days. Neither owns company shares. In…Details
Energomashspetsstal will supply 2 supporting rolls to SAIL (Steel Authority of India Limited) in February 2017. “We will produce 2 supporting rolls weighing 246 tons. They will be produced of the billets weighing 290 tons each. The net weight of each roll will total 123 tons”, said the company in a statement. The rolls will…Details
The supervisory board of Trubostal has approved of the contract with Metalika-Zuev (Moldova) for the delivery of steel electric-welded cold-drawn pipes valued at $500 thousand (12.58 million UAH) In 2015 the company received 4 million UAH of net profits, having increased its net income by 50% YoY, or by 117.29 million UAH, to 351.26 million…Details
The Commercial Court of Donetsk region has prohibited the State Property Fund to give the assets of the state scientific-manufacturing enterprise Ukrmekhanobr (Dniepropetrovsk region) to other legal entities or to prevent the Mariupol Ilyich Iron and Steel Works from using them. The court has also prohibited anyone to take any decisions to prevent, stop or…Details
In July Ukraine produced 1072 thousand tons of 6% bulk coke, up by 16.4% MoM, or by 151 thousand tons. In January-July coke output went up by 20.5% YoY, or by 1286 thousand tons, to 7568 thousand tons. In June Ukraine produced 921 thousand tons of coke, down by 18.6% MoM, or by 210 thousand…Details
In January-June Rusal net profit dropped by 70.3% YoY, to $261 million from $879 million. According to the company statement, its EBITDA decreased 2 times YoY, to $656 million from $1.28 billion. The company revenues dropped by 18% YoY, to $3.89 billion from $4.75 billion. As of June 30, Rusal net debt stood at $8.32…Details
Zaporizhstal has reported shortages of limestone due to the problems with railroad transportation in Donetsk region. “The unsolved problems with railroad transportation from the uncontrolled territories of Donetsk region affect Zaporizhstal. We have been using only Ukraine-produced limestone. But now due to difficulties with delivery of this raw material from our major supplier – Komsomolskoye…Details
As of August 16, importers of pipes to Ukraine have used 87.04% of the annual quota for the supply of steel seamless casing pipes with up to 406.4 mm diameter. According to the Ministry of economical development and trade, the quota from October 1, 2015 till September 30, 2016 is 19505 tons. As of August…Details
In January-June Metalloinvest received $428 million of net profits, down by 17.2% YoY. According to the company statement, its revenues dropped by 20.8% YoY, to $1931 million. EBITDA decreased by 38.9%, to $533 million. Net debts remained on the December 31, 2015 level at $3851 million. The company believes the drop in its finances has…Details
The state enterprise Ukrpromvneshexpertisa forecasts in September average iron ore raw materials price (Australian Fe 62% ore at CFR China) will fall by 6.8% MoM, or by $4 per ton, to $55 per ton. “In August the price totaled $59 per ton. We believe in September it will fall to $55 per ton and lower”,…Details
In January-June Mezhdurechensky Mining and Processing Works and Valki-Ilmenit, both parts of Group DF and situated in Zhitomir region, produced 94 thousand tons of ilmenite concentrate. “Output depends solely on the ilmenite buyers demand and contracts concluded. There is a slight decrease in mining YoY. But we are interested to mine only what we need,…Details
The Russian Natural Resource and Environment Ministry plans to solve all disagreements on the sales terms of the Sukhoi Log gold deposit with the Federal Antimonopoly Service in September, Minister Sergei Donskoi said. “We had a meeting in the White House, there are still disagreements with the Federal Antimonopoly Service. But on the other hand,…Details