Russia: BrAZ profit down in H1 2018

In January-June Rusal Bratsk Aluminum Works decreased net profit 1.4-fold YoY, to 1.062 billion rubles.

According to the company statement, the revenue dropped by 0.1%, to 47.149 billion rubles.

The company does not comment on the reason of the decrease. (Ukrainian metal)

Russia: Amurstal sales up in July 2018

In July Amurstal (ex-Amurmetal) shipped 61 thousand tons of metal, up 6-fold YoY.

In January-July sales increased 9.4-fold YoY, to 288.3 thousand tons.

This year the company has supplied 95.2 thousand tons of metal to domestic customers and exported 193 thousand tons. (Ukrainian metal)

Russia: scrap deliveries to Amurstal up in July 2018

In July railroad deliveries of scrap to Amurstal (ex-Amurmetal) totaled 68.2 thousand tons.

The deliveries grew 30-fold YoY.

In January-July scrap deliveries to the company increased almost 6-fold YoY, to 292 thousand tons. (Ukrainian metal)

Russia: ZEMZ masters new steel grade manufacture

The arc furnace shop No. 3 of Zlatoust Electrometallurgical Works has produced the corrosion- and heat-resistant steel EP-410-Sh according to technique, developed by the company specialists. The steel was produced using the electroslag remelting. The slabs with the sizes of 150x500x1200 mm and 210x500x1400 mm were produced to be further processed at the sheet-rolling mills.…

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Russia: Severstal to cut emissions with CherMK coke oven battery No. 4 reconstruction

PJSC Severstal, one of the world’s leading vertically integrated steel and mining companies, will reduce its emissions to the atmosphere by almost 700 tons per year following the reconstruction of the coke oven battery No. 4 (KB-4) at the Cherepovets Iron and Steel Works. The project, with a total cost of approximately 6 billion rubles,…

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Russia: GV Gold IFRS net profit down in H1 2018

The net profit of Russia’s gold producer GV Gold fell by 9.5% YoY, to $19 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue soared by 70%, to $146 million. Operating profit grew by 52%, to $43 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased by…

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Ukraine: Avdiivka Coke reaches pre-war output level

Avdiivka Coke and Chemical Works has reached the pre-war output levels. “All the shops are operating. The company has started employing engineers”, the President of Ukraine Petr Poroshenko declared. He added that people believed in the Ukraine authorities providing for free life in Avdiivka. “Avdiivka has also become a symbol of Ukrainian stability, efficiency and…

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