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In December 2017 Metinvest increased its EBITDA by 28.1% MoM, to $251 million, with revenue up by 5.7%, to $915 million. As of December 31, 2017 the group combined debt was $3.017 billion. In December 2017 Metinvest sold 465 thousand tons of semi-finished products valued at $194 million: 232 thousand tons of pig iron billets…
DetailsIn 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…
DetailsResidents of Toguz-Toro district of Jalal-Abad region again protest against the construction of a gold recovery plant. About a hundred locals reportedly broke into the territory of GL Makmal Developing company and broke the fence. This is the second protest of the local residents. After the first, construction of the gold recovery plant was suspended.…
DetailsIn 2018 PJSC ArcelorMittal Kriviy Rih plans to spend over UAH 13.2 million on medical insurance of its employees. This insurance contract covers the costs of diseases and injuries treatment at company’s cost. Each employee can have insurance coverage in the amount up to UAH 100 thousand per year. This is one of the biggest…
DetailsEnergomashspetsstal will produce a batch or rolls and slag ladles weighing 1457.39 tons for ArcelorMittal Temirtau. According to the company statement, it will produce rolls for 1700 hot-rolled mill, as well as for 1400 and 1700 cold-rolled mills. The rolls have to be delivered to the customer by September. 200 tons of slag ladles will…
DetailsChelyabinsk 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”,…
DetailsIn 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…
DetailsIn 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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