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In January-March VIZ-Stal increased metal output by 10% YoY, to 43 thousand tons. The company capacities were 99% loaded. Transformer steel sales grew by 13%, to 41 thousand tons. The positive dynamics has to do with the growth of the world demand for transformer steel. Exports accounted for 80% of sales. The key destinations were…
DetailsThe U.S. can lift sanctions against Russian aluminum producer UC RUSAL if businessman Oleg Deripaska cedes the control, according to documents of the Office of Foreign Assets Control (OFAC). The Treasury Department also prolonged a term for U.S. citizens and companies to terminate all contracts and finish the cooperation with RUSAL until October 23 from…
DetailsFollowing the US sanctions, as early as in June Rusal could decrease the number of its employees at Bratsk and Irkutsk Aluminum Works by 10-15%. This will happen if the company fails to sell in China all the aluminum previously exported to other destinations. The main sales markets for Rusal are EU (45%), while US,…
DetailsIn 2017 Poltava Mining and Processing Works received the consolidated net profit of 4.27 billion UAH as opposed to the consolidated net loss of 40.44 million UAH in 2016. According to the company statement, its EBITDA last year grew 16-fold, to 6.04 billion UAH from 377.42 million UAH in 2016. The net income increased by…
DetailsThe government of Ukraine and Eurocommission have started negotiating the non-inclusion of Ukraine into the list of countries as to which the EU could impose limitations on metal products supplies. “We have spoken of the special protective investigation on the import of metal. That’s some 26 items”, deputy minister of economic development and trade, trade…
DetailsIn 2017 Magnitogorsk Iron and Steel Works invested 4,157.8 million rubles in environmental initiatives. From 2018 to 2025 the company plans to spend more than 38 billion rubles on environmental protection. In 2017, 2,578 million rubles were invested in the construction and reconstruction of facilities aimed at improving air quality. As a result of the…
DetailsThe state enterprise Yuzhnodonbasskoye Mine Group No. 1 has cancelled the offers of Erlight LLC and Alfa NT LLC, having cancelled the purchase of conveyer belts with the expected value of 9.25 million UAH. On January 17 the Mine Group announced the purchase of 3 thousand meters of conveyer belts and 3 complexes to operate…
DetailsThe state enterprise Toretskugol has ordered Donenergoexport LLC the delivery of 160 tons of inert dust valued at 637.44 thousand UAH. The seller will supply dust on the basis of CPT. The cost of 1 ton of inert dust is 3984 UAH with VAT, up by 13% from the price of 3510 UAH per ton,…
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