Mining and metal companies are the best employers in Russia, according to the Forbes rating. The first place is occupied by Norilsk Nickel. It is followed by the gold-extracting Polyus. Polymetal has also entered the top-5. Severstal is on the 14th position, Russian Copper Company – on the 29th, NLMK – on the 36th, MMK…
DetailsIn July-September Mechel increased coal output by 15% QoQ, to 5.29 million tons. In 9 months mining dropped by 7%, to 13.429 million tons. Pig iron manufacture in Q3 decreased by 7%, to 794 thousand tons, and in January-September – by 10%, to 2.52 million tons. In Q3 Mechel produced 888 thousand tons of steel,…
DetailsIn September Russia exported 2.1 thousand tons of ferrotitanium, up by 16.5% MoM and by 47.7% YoY. Deliveries to the Netherlands grew by 3%, to 1.3 thousand tons, to Germany – by 66%, to 110 tons, and to China by 55%, to 420 tons. In 9 months exports totaled 14.4 thousand tons, up by 18%…
DetailsIn January-September Vysochaishiy received 9.4 billion rubles of revenue, down by 6.2% YoY. Sales profit fell 3-fold, to 1.35 billion rubles. Net profit decreased by 24.5%, to 1.8 billion rubles. Debts as of September 30 totaled 3.49 billion rubles as opposed to 5.63 billion rubles in late 2018. (Ukrainian metal)
DetailsUchaly Mining and Processing Works has modernized the technological line of the grinding and mixing unit at the Uzelginskiy mine. An ultra-fine screening mill has been added to the existing line of fill rock. The mill will help reduce cement consumption by 30-50%. When this target is reached, the new technique will be applied at…
DetailsIn July-September Mechel received 74.9 billion rubles of revenue, down by 5% QoQ and by 6% YoY. In 9 months revenue decreased by 4% YoY, to 228.2 billion rubles. EBITDA in Q3 dropped by 9% QoQ and by 29% YoY, to 15 billion rubles. Losses accountable to the shareholders in July-September amounted to 571 million…
DetailsAzovstal and Mariupol Ilyich Iron and Steel Works are transferring their employees from order-free departments to decreased working week. The administrative employees and manufacturing workers will now have a working week of 32 hours. The order is valid until March 31, 2020. Moreover, the business trips are suspended and the employees will not receive premiums.…
DetailsIn October Poltava Mining and Processing Works produced 975 thousand tons of pellets, down by 3% from the target. The reason of the output decrease is the unscheduled repairs. Instead of 60 hours of idle time, the pellets shop has been idle for 172 hours. The company management believes that this year down time will…
DetailsIn September Russia exported 8.3 thousand tons of secondary aluminum, down by 0.6% MoM and by 1.5% YoY. Deliveries to Japan grew by 13%, to 6.1 thousand tons, but to Cyprus dropped by 14%, to 1.2 thousand tons. In 9 months exports totaled 83.5 thousand tons, up by 56.2% YoY. In monetary terms since the…
DetailsIn September Russia imported 89.1 thousand tons of manganese ore and concentrate, up by 6% MoM, but down by 37% YoY. Deliveries from the South Africa dropped from 33.7 thousand tons to 28.6 thousand tons, and from Kazakhstan – by 42%, to 11.2 thousand tons. At the same time imports from Gabon grew by 61%,…
DetailsNorilsk Nickel has announced that it is shutting down its copper shop in Monchegorsk. The shop will be closed in the same way the company closed a Nickel plant in Norilsk several years ago. By closing outdated manufacture the company is decreasing pollution and environment impact. In 2020 pollution is expected to decrease 2-fold compared…
DetailsDuring this year’s navigation Cherepovets Iron and Steel Works industrial port cargo throughput grew by 2% YoY, to 6.8 million tons. In particular, the shipping of metal products increased by 8%, to 1.8 million tons. This year the company supplied its metal products to Naberezhniye Chelny and Perm. (Ukrainian metal)
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