In 2020, Interpipe NTZ decreased its consolidated net income by 35.2% YoY, to 9.471 billion UAH. Consolidated net profit dropped 155.5-fold, to 3.562 billion UAH. Undistributed profit amounted to 3.8 billion UAH. Last year, the company produced 94.136 thousand tons of seamless steel hot-deformed pipes, 171.51 thousand tons of solid railroad wheels and 30.628 thousand…Details
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In 2020, Kurilgeo LLC produced 1.184 tons of gold, up by 7.1% YoY. The increase was due to the growth of ore extraction by 5.5%, to 728 thousand tons, and the gold content increase of 32.5%. Silver output decreased by 34%, to 2.767 thousand tons. Last year, the company invested 36.9 million rubles in the…Details
In 2020, Dneprometiz decreased net income by 7.6% YoY, to 1.227 billion UAH. Net loss amounted to 33.968 million UAH as opposed to a net profit of 25.279 million UAH in 2019. Undistributed profit totaled 60.286 million UAH. Accounts receivable dropped by 3.5%, to 147.148 million UAH, while fixed liabilities grew by 22.6%, to 199.633…Details
Energomashspetsstal has finished repairing a hydraulic press of the forging complex in the press-forging shop. Investments in the project amounted to 2.5 million UAH. The repair included the replacement of the old press management system. The work was carried out by the EMSS and Ukrmegastroy LLC specialists. (Ukrainian metal)Details
In January-March, KAZ Minerals decreased copper output by 3% YoY, to 72.4 thousand tons. The company intends to produce 275-295 thousand tons of copper this year. Gold manufacture decreased by 28%, to 39.9 thousand ounces, and silver – from 793 thousand ounces to 763 thousand ounces, while zinc grew from 9 thousand tons to 9.6…Details
Employees of ArcelorMittal Kriviy Rih have organized a strike demanding increase in salary and improvement of labor conditions. In particular, they want their wages to be increased by 30%. If the management does not agree with them, they could resort to more radical actions, for example an Italian strike. Earlier, AMKR reported that from May…Details
Verkhovna Rada, the Ukrainian Parliament, has decided to extend the current scrap export duty of 58 euros per ton for 5 more years. The decision was supported by 291 members. The extension of the duty will help save 21.5 thousand jobs and create 3.5 thousand new jobs, decrease CO2 emission and help increase GDP by…Details
The board of the Ukrtruboprom association has decided to appoint Georgiy Polskiy new CEO. In 1976-2002, he worked at the Dneprovsky Pipe-Rolling Works. He ended his work there as deputy CEO. Since 2004, Polskiy has been Interpipe NTZ chief engineer. Georgiy Polskiy started working in his new office on April 5. (Ukrainian metal)Details
In January-March, Interpipe paid 590 million UAH of taxes to budgets of all levels, up by 4% QoQ. In particular, payments to the state budget amounted to 334 million UAH, to local budgets – 141 million UAH and the single tax payment – 115 million UAH. Last year, Interpipe paid 2.54 billion UAH of taxes.…Details
In 2020, Zaporizhstal received a net loss of 3.68 billion UAH, down by 15.1% YoY. Consolidated net loss decreased by 19%, to 3.14 billion UAH. EBITDA dropped by 9%, to 4.5 billion UAH, and consolidated loss by 11.8%, to 3.97 billion UAH. Net income decreased by 1.9%, to 45.63 billion UAH, and consolidated net income…Details
In January-March, Kamchatka yielded 1610.7 kg of gold, up by 30% YoY. Silver output grew by 13%, to 6.7 tons. In particular, Trevozhnoye Zarevo extracted 292.7 kg of gold, up by 37.2%, Ametistovoye – 693 kg, up by 5.3%, and Kamchatskoye Zoloto – 242 kg, up by 14.2%. SiGMA increased output 3-fold, to 383 kg.…Details
In 2020, Interpipe improved its EBITDA by 6%, to $273 million. Revenue dropped by 23%, to $865 million, capital investments – by 26%, to $44 million, and net debt to $12 million. EBITDA grew because of the geography and product diversification, as well as the increase of sales of high-added value products. (Ukrainian metal)Details