Turkey’s export of steel to Georgia from January through February made up $19.4 million, up by 16.2% YoY, Turkey’s Ministry of Trade reported. Turkey’s export of steel to Georgia in February increased to $10.6 million, or by 38.3% YoY. (Trend/Ukrainian metal)Details
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Beloretsk Iron and Steel Works has supplied trial batches of steel ropes with polymer to Chelyabinsk Iron and Steel Works and Izhstal. Such ropes are used in crane machinery. BMK has produced new 8-strand ropes with polymer coating of metal core according to European standards. One of the ropes, with the diameter of 24 mm…Details
Norilsk Nickel has decreased its forecast of the global palladium shortage in 2020 to 0.2 million ounces due to the spread of the coronavirus. In February, the company forecast the shortage on the level of 0.9 million ounces. But uncertainty in the balance of demand and offer arose due to the coronavirus resulting in the…Details
In 2019, Energomashspetsstal received net profit of 866.37 million UAH as opposed to a net loss of 293.62 million UAH in 2018. Uncovered losses totaled 7.24 billion UAH (8.139 billion UAH in 2019). In 2018, EMSS decreased losses 3.2-fold YoY. The profit received will be spent to cover previous losses. The company assets have grown…Details
The acting minister of energy Vitaliy Shubin claims the miners have received funds in the amount of 327 million UAH. This was stated at the meeting with the directors of state coal enterprises. The miners have received salary for 2019 and February 2020. (Ukrainian metal)Details
The Moscow Exchange switched the trade of Norilsk Nickel’s shares to a discrete mode at 2:08 p.m., Moscow time, on March 24, after a more than 20% price rise within 10 minutes in a row. Norilsk Nickel jumped by 14% earlier in the day on the back of a better mood of the global market…Details
ArcelorMittal Kriviy Rih, the largest mining and metallurgical plant in Ukraine, continues to implement precautions to protect its employees and ensure the uninterrupted manufacture. Under conditions of worsening of the epidemiological situation, ArcelorMittal is forced to reduce production at many own companies around the world, but working diligently to prevent them from complete shutdown and…Details
In January-February, ArcelorMittal Kriviy Rih decreased steel output by 10.4% YoY, to 843 thousand tons. Rolled metal manufacture grew by 12.7%, to 845 thousand tons, but that of pig iron dropped by 6.3%, to 859 thousand tons. The company produced 1.554 million tons of sinter, down by 5.8%, 444 thousand tons of coke, down by…Details
In January-February, Zaporozhye Iron Ore Complex increased output by 1.4% YoY, to 749 thousand tons. In February, manufacture grew by 4.7% MoM, to 383 thousand tons. In 2019, the enterprise produced 4.563 million tons of ore, up by 0.3% YoY. (Ukrainian metal)Details
In 2019, Pokrovskoye Mine Group received a net profit of 925.01 million UAH. Undistributed profit as of late 2019 amounted to 2.636 billion UAH. Accounts payable grew almost 2-fold, to 416.497 million UAH. The value of assets increased by 5.4%, to 14.848 billion UAH. (Ukrainian metal)Details
In 2019, VSMPO-Avisma received $321.02 million of net profit, up by 31.3% YoY. Revenue grew by 0.7%, to $1.629 billion, but EBITDA fell by 13.4%, to $562.75 million. In ruble equivalent net profit totaled 20.782 billion, up by 35.3%. Revenue grew by 4%, to 105.4 billion rubles, but EBITDA dropped by 10.6%, to 36.43 billion…Details
In February, Bratsk Ferroalloys Works, a part of Mechel, increased ferrosilicon output for exports. Silicon content is not less than 75%. FS75 ferrosilicon manufacture increased by 18% YoY. The priority export destinations are Asian and Pacific Region countries. (Ukrainian metal)Details
In 2019, Yuzhuralnickel, a part of Mechel, received 142.2 million rubles of net profit. In 2018, the net profit was 478 million rubles. Revenue grew 1.5-fold, to 198 million rubles. Sales losses totaled 71 million rubles, down from 145 million rubles in 2018. (Ukrainian metal)Details