Ukraine: metal output down in February 2018

In February Ukraine produced 1.51 million tons of steel, down by 20% MoM. According to Ukrmetallurgprom, pig iron output dropped also by 20%, to 1.56 million tons, while that of rolled metal – by 23%, to 1.3 million tons. In January-February pig iron manufacture, taking into account operation of works situated in the temporarily occupied…

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Russia: ChMK produces pilot batch of Z-sections for wagon-construction

Chelyabinsk Iron and Steel Works has produced a pilot batch of Z310 sections. The project is oriented on the wagon-construction market. The new sections are manufactured at the rail-and-beam mill of high-strength steel. The peculiarity of the section is its complex Z-form. “ChMK new product will be in demand by Russian wagon-building and repairing enterprises”,…

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Russia: aluminum demand to grow

In 2017 world aluminum consumption increased to 64 million tons. According to the Russian Aluminum Association, consumption grew in all industries. In 2018 the construction industry is expected to demonstrate a 5% growth in aluminum consumption. The consumption of aluminum in construction is growing despite the decrease in the volume of housing constructed. This means…

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Russia: Ferrum increases capacity

In May the group of companies Ferrum will commission two additional welding lines with the combined capacity of 54 thousand tons per year. According to the company statement, two machines were acquired last October. In particular, the 63-127 machine with the capacity of 36 thousand tons per year will produce 76-108 mm round pipes and…

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Russia: Evraz profits in 2017

In 2017 Evraz received $759 million of net profit as opposed to $188 million of losses in 2016. According to the company statement, its consolidated EBITDA grew by 70.2% YoY, to $2.624 billion. Revenue increased by 40.4%, to $10.827 billion. “The board of directors, on the basis of strong financial conditions of the company and…

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Russia: TMK revenue up in 2017

In 2017 Pipe Metal Company increased EBITDA by 14.2% YoY, to $605 million. According to the company statement, revenue grew by 31.6%, to $4.394 billion. TMK did not disclose the amount of its net profit. “We expect EBITDA to increase this year because of the further growth of our American division results”, TMK said. In…

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Russia: Ferrum expands product range

The Ferrum Company has started selling hot-rolled flanged beams with the size of 18-50 mm.

The company also carries stocks of other beams made of S255 and S345 steel.

The availability of new products will allow completely covering the need of rolled metal from construction companies for the manufacture of metal structures. (Ukrainian metal)

Ukraine: ZZhRK to pay 850 million UAH of dividends

Shareholders of Zaporozhye Iron Ore Complex decided to pay 850 million UAH of dividends.

According to the company statement, the dividends will be paid from March 20 till July 27.

The dividends will be paid for 2014.

In 2016 the company increased net profit by 87.19% YoY, to 434.449 million UAH. (Ukrainian metal)

Russia: ZEMZ starts producing new size slabs

Zlatoust Electrometallurgical Works has expanded its product range.

The 1150 mill in the rolling shop No. 1 started producing slabs with the size of 140×450 mm of exceptionally hard heat-resistant iron-nickel-based alloy.

This is the first time that the company produces billets in this size. (Ukrainian metal)