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The net profit attributable to shareholders of the Russian metals and mining group Mechel dropped by 81%, to 2.409 billion rubles in 2019, as calculated under International Financial Reporting Standards (IFRS). Consolidated revenue decreased by 5%, to 296.567 billion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) went down by 29%, to 53.428…
DetailsImposition of a duty on Russian coal will have a positive impact on the Ukrainian coal industry, Acting Minister of Energy of Ukraine Vitaliy Shubin has said. “The government is taking steps to resolve the situation in the energy market. In particular, the Cabinet of Ministers adopted a resolution on the introduction of a special…
DetailsIn January-February, Ukraine increased steel output by 0.4% YoY, to 3.553 million tons. Rolled metal output grew by 7.3%, to 1.68 million tons, but that of pig iron dropped by 4.6%, to 3.14 million tons. Iron ore concentrate manufacture increased by 3.4%, to 10.547 million tons, but that of sinter fell by 0.3%, to 5.137…
DetailsIn January-February, by-product coke plants imported 1.31 million tons of coking coals and coal concentrate, down by 30% YoY. Deliveries of Ukrainian coal to domestic metal companies totaled 700 thousand tons, up by 53% YoY. By-product coke plants received 2.01 million tons of coal, down by 14%. The share of imported coal was 65.2%, down…
DetailsThe Nordgold SE board of directors decided to sell the Zun-Kholba deposit in the Republic of Buryatia. The sale is expected to take place until the end of the year, and the company has already carried out negotiations with some buyers. As of December 31, 2019 the balance cost of the deposit was $25.1 million.…
DetailsAccording to its modernization program, Zaporizhstal has received two new railroad cranes with the lifting capacity of 25 and 80 tons. Investments in the purchase totaled some 62 million rubles. The new cranes will be used to load and unload technical cargo and raw materials, in construction, as well as capital and current repairs. At…
DetailsSome 400 tons of 20P channel made of S355 steel at Evraz NTMK were shipped by Evraz Metal Inprom for the construction of the wintering complex of the Russian Antarctic Station “Vostoc”. The channel was shipped in December 2019 – January 2020. The channel was specifically made to withstand the temperature of minus 60 degrees…
DetailsAleksandrinskaya Mining and Ore Company has started preparing to develop the lowest, fifth horizon at the Chebachye mine. The fifth horizon is situated at the depth of 420 meters. Reserves amount to 700 thousand tons of ore. Mining is expected to start in 2022. At present the company is mining at three horizons at the…
DetailsIn 2019, following a large-scale reconstruction in the blast furnace and oxygen-converter shops, Chelyabinsk Iron and Steel Works decreased pig iron output by 8% and steel by 7% YoY. Bars sales dropped by 8%, while shapes grew by 2% and rails – by 15%. Mechel rails sales, without deliveries to RZD and for exports, increased…
DetailsMMK Group has successfully implemented a new system that was designed and introduced by the corporate development department of MMK InformService. The system allows MMK to automate its work with documents, including creating, approving, signing and issuing orders and monitoring their execution. The development helps to speed up information flows within the company, as well…
DetailsAs part of the promotion of MMK’s electronic trading platform, MMK-InformService has developed a new version of the MMK Supplier mobile app. The launch of the updated electronic trading platform (ETP) and new resources on MMK’s corporate website is one of the stages of implementing the Company’s transparency and openness policy aimed at developing MMK’s…
DetailsIn 2019, Magnitogorsk Iron and Steel Works’ (MMK) deliveries of steel products to manufacturers of automotive equipment and components in Russia and the CIS exceeded 650 thousand tons, setting a new record for the company. MMK’s sales of rolled metal products to the automotive industry have set a record for the second year in a…
DetailsMauro Longobardo, CEO of ArcelorMittal Kriviy Rih, has met with Yuriy Vilkul, mayor of Kriviy Rih, to discuss urgent measures to counteract against spreading of coronavirus in the city. Business is ready to help municipal authorities – upon results of the negotiations the company’s management took following decisions: – ArcelorMittal Kriviy Rih will buy three…
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