Presidential envoy to the Siberian Federal District Sergei Menyailo has urgently departed for the Zabaikalsky region, where miners began a strike on May 18, a regional information center said in a statement. The Yugo-Zapadnaya gold mine, belonging to Darasunsky Rudnik, saw 81 workers refusing to leave the mine because of alleged wage arrears for April.…Details
In January-March TMK received $42 million of net profits, up 3-fold YoY.
According to the company statement, its earnings went up by 24%, to $944 million. EBITDA grew by 15%, to $142 million.
The company net debt as of March 31, was $2.64 billion. (Ukrainian metal)
In January-April coal companies of Kemerovo region mined 77.3 million tons of coal, up by 8% YoY.
According to the regional state administration, power-generating coal output totaled 56.7 million tons, up by 10.5%, and coking coal output remained on the 2016 level (20.6 million tons). (Ukrainian metal)
A new Chetra T-40 bulldozer, produced by Chetra-Industrial Machines, has been supplied to Mikhailovsky Mining and Processing Works.
This is an exclusive bulldozer, as the company has only produced 37 of them. And they are already operating in Japan, Kazakhstan, Kemerovo region, etc. (Ukrainian metal)
In January-March Uralelectromed, a part of UMMC, decreased net profits 7.7-fold YoY, to 103.28 million rubles. The company earnings increased by 10.9%, to 6.835 billion rubles, with the manufacturing cost price up by 26.3%, to 5.479 billion rubles. The main foreign customers of UEM are Germany, Switzerland and Iran. The company share on the Russian…Details
In January-March Magnitogorsk Iron and Steel Works increased sales of cold-rolled metal by 49% YoY, to 11.9 billion rubles. According to the company statement, bars sales went up by 52%, to 12 billion rubles. The increase in both cases was due to the rise of average prices – by 46% and by 45% respectively. Galvanized…Details
Belarusian Steel Works (BMZ trademark) exported 350,000 tons of metal products via its distribution network in January-March. The export surged by 18% as against the same period of 2016 when it made up 296,000 tons, BMZ’s spokesman Alexander Olesik declared. According to him, such growth is due to better conditions on the international market. Today…Details
In 2016 Yekaterinburg Non-Ferrous Metals Processing Works received $346 million of revenue, down by 12% YoY. According to the company statement, exports earned the most – $235 million. Net profits of the company decreased to $8 million from $23 million in 2015. “Earnings in the industry in 2016 decreased 2-fold, net profits – 4-fold. There…Details
In January-March Amurmetal received 897.855 million rubles of net losses, down by 17.1% YoY.
According to the company report, earnings dropped 12.6-fold, to 133.684 million rubles.
In Q1 Amurmetal decreased steel output 6.5-fold YoY, to 13.57 thousand tons, and rolled metal – 8.8-fold, to 2.4 thousand tons. (Ukrainian metal)
In 10 years of operation Kazakhstan Electrolysis Works, a part of ERG, produced 2 million tons of primary aluminum. KEZ is one of the first major industrial projects of the modern Kazakhstan. At the end of 2007, when the first stage of the works was put into operation, 11 thousand tons of primary aluminum were…Details
The new owners of Shadrinsk Metal Structures Works will invest around 1 billion rubles into modernization. In the first place Invest, the owner of the works, will construct the galvanizing line. It is expected to be put into operation in spring 2018, while the main manufacture (of metal structures) – in the second half of…Details
Severstal, one of the world’s leading vertically integrated steel and mining companies, has signed contracts for the engineering and supply of equipment for the refurbishment of blast furnace No. 5 at the Cherepovets Iron and Steel Works. The Netherlands-based engineering company Danieli Corus B.V. will provide the furnace casing and the cooling system equipment including…Details
The state gas-extracting company Ukrgazdobycha has ordered Interpipe the delivery of 17 thousand tons of casing pipes valued at 839.197 million UAH. The company will buy 14350 tons of assorted casing pipes, 2150 tons of casing pipes with premium threads and 500 tons of triangular thread casing pipes. According to the agreement the pipes have…Details
In April Coal Energy S.A. decreased coal output by 66.4% (by 15.3 thousand tons) YoY, to 7.7 thousand tons. According to the company statement, output went up 3.8-fold MoM, or by 5.7 thousand tons. Coal Energy unites 10 coalmines. It supplied coal to thermal power plants, coke and cement works. It also exported to Bulgaria,…Details
In January-March the thermal power plants of DTEK Zakhidenergo consumed 173 thousand tons of coal, mined by Volynugol and Lvivugol, or 74% of their total sales. In 2016 the DTEK share in Lviv-Volyn miners sales was 66% (667 thousand tons), in 2015 – 49% (486 thousand tons). At present the purchase of Ukrainian coal is…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it has exported 8 million tons of coal this year (as of May 17). According to the company, the terminal’s throughput surged by 41% YoY. The milestone ton was loaded onto…Details
In January-March Metalloinvest produced 600 thousand tons of pig iron, down by 8.5% YoY. According to the company statement, the decrease of the output has to do with the repairs of a blast furnace, as well as the shorter calendar work time. Steel output increased by 1.1%, to 1.2 million tons. Russia’s share in the…Details
The Verkhovnaya Rada committee on industrial policy and entrepreneurship recommended the parliament to extend the scrap export duty of 30 euro per ton for 2 years.
According to the state enterprise Ukrpromvneshexpertisa in 2016 scrap procurement reached 3.5 million tons, the minimum volume for the past 20 years. (Ukrainian metal)
The negotiations between administration of Evraz Sukhaya Balka and miners on the salary increase are underway. As the result of the meetings held on May 12, 15 and 16, the administration decided to review its previous decision on wage increase. The company is prepared to increase salary by 20%. Taking into account the 3% increase…Details
In Q1 Magnitogorsk Iron and Steel Works finished the reorganization of its coalmining company Belon.
Within the program 7 companies, previously a part of Belon, joined MMK-ugol.
MMK controls 67.76% of MMK-ugol. (Ukrainian metal)
In January-March VSMPO-Avisma received 5.07 billion rubles of net profits, down by 34% YoY.
Earnings totaled 17.9 billion rubles, down by 3%.
The company accounts receivable increased to 20.1 billion rubles, while accounts payable dropped to 6.46 billion rubles. (Ukrainian metal)
The Polyarnaya artel plans to obtain 250-270 kg of alluvial gold in Chukotka this season. “We haven’t started operations yet, as the snow covers the sites, and there is no water. Sand washing will start in June. We expect the growth of output at the level of 30-50 kg”, the company chief geologist Ananiy Solomchuk…Details
Mechel-Service has opened a new warehouse in Biysk. The total number of the company warehouses in Russia has grown to 62 and the cities where it is present to 45. Earlier customers had to travel 165 km to Barnaul, where the nearest warehouse was situated. The customers of the new warehouse are construction companies, metal…Details
In 2017 Guryevsk Iron and Steel Works intends to produce 106.6 thousand tons of steel, up 1.9-fold YoY. Rolled metal output is expected on the level of 134.5 thousand tons, up by 43.8%, and grinding balls – 60.7 thousand tons, up by 8.4%. In Q1 the works earnings increased by 17.3% YoY, to 990.56 million…Details
As of May 15 average daily steel output is on the April level. As of May 16, 16 out of 28 blast furnaces (57%), 12 out of 21 converters (57%), 7 out of 9 open-hearth furnaces (78%) and 7 out of 15 electric arc furnaces (47%) are operating. Mariupol Ilyich Iron and Steel Works and…Details
In April Ukrainian metal companies received 290 thousand tons of scrap, up by 25 thousand tons MoM, or 95% of the need. In January-April metallurgists received 1 million tons of scrap, up by 15% YoY, and 82% of the need. Scrap stocks at metal companies in April increased by 20 thousand tons, to 115 thousand…Details