Russia: results of NLMK Strategy 2017

Strategy 2017 target of $1 billion annual EBITDA gains has been achieved – Strategy 2017 delivered structural annual EBITDA gain of $1,019 million. Management initiatives contributed around $740 million (over 70%) to the result. The company expects additional gains of around $160 million in 2018 generated by recently completed investment projects. Full self-sufficiency in iron…

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Russia: NLMK IFRS net profit up in 2017

The net profit of Russian steelmaker NLMK jumped by 55% YoY, to $1.45 billion in 2017, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 20. Revenue grew by 32%, to $10.065 billion due to an increase in average prices for metals products, a growth of sales volumes,…

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Ukraine: Donbas miners given 365 million UAH to clear salary debts

The state mines in Donbas have received 365 million UAH transferred to partially clear salary debts.

Vice-prime-minister Vladimir Kistion thanked the ministries involved for quick solving of the problem.

Still, miners are striking at all the four mines of the state enterprise Selidovugol. They demand clearing their January salary debt. (Ukrainian metal)

Russia: KMZ expands geography of ferromanganese sales

In January KMZ shipped 2 railroad cars (120 tons) of ferromanganese to Mongolia.

The shipping of 2 more cars to Darkhan Metallurgia Ltd is planned for February.

Following the successful negotiations with Divatsogt, KMZ will supply ferromanganese to Mongolia on constant basis. (Ukrainian metal)

Ukraine: Ukrvtorchermet to restructure debt to Oschadbank

Ukrvtorchermet has applied for debt restructuring procedure.

The volume of the debt is not disclosed.

Ukrvtorchermet procures and processes ferrous metals scrap and waste.

Metalinvest Ltd LLC owns 98.0344% of the company. (Ukrainian metal)

Ukraine: DSS output down in January 2018

In January Dneprospetsstal produced 20591 tons of steel, down by 10.7% MoM.

Rolled metal output dropped by 4.6%, to 13818 tons.

The total cost of products manufactured in January was 780572 thousand UAH, down by 3.2% MoM. (Ukrainian metal)

Ukraine: Lvivugol clears 2017 salary debts

On February 16 the state enterprise Lvivugol cleared its salary debts of 2017.

In particular, the enterprise received 10 million UAH from the state company Coal of Ukraine.

On January 4 Coal of Ukraine transferred 21 million UAH to pay salary to Lviv miners for November 2017. (Ukrainian metal)

Ukraine: Yuzhnodonbasskoye Mine Group orders cage shaft reinforcing

The state enterprise Yuzhnodonbasskoye No. 1 Mine Group has ordered the Girnyk LLC the work to replace reinforcing of the cage shaft valued at 15.17 million UAH.

The works have to be carried within 3 months.

The contractor has to provide a 12-months guarantee. (Ukrainian metal)

Ukraine: AMKR after blockade of Donbas starts purchasing coal and coke in Russia

PJSC ArcelorMittal Kriviy Rih (Dnipropetrovsk region) after blocking the receipt of raw materials from the territory temporarily uncontrolled by Ukraine has started purchases in the Russian Federation. Girish Sardana, the head of the company’s supply department, said that basically the problems in 2017 concerned the supply of raw materials. According to him, “in connection with…

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