Energomashspetsstal has received a qualification order from General Electric. Under the project to produce a low-pressure turbine rotor for the Akkuya NPP third unit, EMSS will manufacture two qualification billets – a shaft with the weight of 54 tons and a disc of 39 tons. A GE representative visited EMSS in mid-February to check manufacturing…Details
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In 2019, Cherepovets Iron and Steel Works repaired 21.28 km of railroads and 70 switches. The company spent 505 million rubles on the work. This year, some 515 million rubles will be spent on the repair of 16 km of railroads and replacement of 91 switches. CherMK also plans to buy 7 new TEM-9 locomotives.…Details
In January-February, seaports increased cargo transportation by 0.7% YoY, to 132.4 million tons. Dry cargo transportation dropped by 2.3%, to 54.9 million tons. Ferrous metals accounted for 4.5 million tons, down by 11.2% YoY. In particular, Port St. Petersburg increased ferrous metals transportation by 27%, to 1022.6 thousand tons, but the port of Taganrog decreased…Details
In 2019, Dneprovsky Iron and Steel Works received a net loss of 1.284 billion UAH, as opposed to a net profit of 2.946 billion UAH in 2018. The next shareholders meeting is expected to decide on covering 2019 losses with current income of 2020-2021. The meeting will also have to decide on the sale of…Details
In 2019, Metalloinvest received $1.731 billion of net profit, up by 5.1% YoY. Revenue dropped by 3.2%, to $6.96 billion. EBITDA decreased by 14.3%, to $2.514 billion. Debt increased by 0.2%, to $4.059 billion. Capital expenses grew by 17.2%, to $517 million. (Ukrainian metal)Details
Russia’s production of unrefined, semi-refined or powdered gold rose by 4.5% YoY and by 3.4% MoM in February, the Federal State Statistics Service said in a report on March 17. In January-February, gold production rose by 6.3% YoY. In 2019, gold production grew by 17%. No absolute figures were disclosed. (Prime/Ukrainian metal)Details
In January-February, Ukraine did not export any scrap. 397 thousand tons of scrap were procured in the country, up by 12% YoY. And everything was supplied to domestic metal companies. (Ukrainian metal)Details
In January-February, Ukraine imported 165.864 thousand tons of manganese ore and concentrate valued at $21.778 million, down by 31% and by 54.1% YoY respectively. The main suppliers were Ghana (88.08%), South Africa (6.5%) and Russia (5.41%). Exports in 2 months totaled 1.116 thousand tons valued at $116 thousand as opposed to 67 tons at $10…Details
Alchevsk Iron and Steel Works and Alchevsk By-Product Coke Plant are waiting for the arrival of new owners. All the operation at the latter are suspended, the territory is being cleaned. Coke manufacture will stop on March 18. In December 2017, Industrial Union of Donbass lost control over its Alchevsk-based assets and offices. The plants…Details
In 2019 Nordgold received $166.9 million of net profit, up 1.8-fold YoY. EBITDA grew by 42%, to $667.3 million. Revenue increased by 27%, to $1.448 billion, with the average sales price up by 10%, to $1399 per ounce. The company net debt decreased by 14%, to $791.9 million. (Ukrainian metal)Details
In January, Metinvest B.V. increased revenue by 5.5% MoM, to $821 million. EBITDA totaled $73, up by $112 million. Metal division revenue grew by 9.8%, to $681 million, mining division revenue was $234 million and inter-group sales – $94 million. Debts dropped by $5 million, to $3.032 billion. Metinvest received $38 million of profit from…Details
MMK-Metiz is commissioning a new continuous hot galvanizing line for wire with diameter of 1 to 4.5 mm. Under the program, to modernize galvanizing manufacture the company also intends to reconstruct its existing galvanizing line. A new cooling system will be installed. Moreover, the company plans to start producing zinc-coated wire with shiny surface. The…Details
Evraz has chosen the Titanium Valley special economic zone in Sverdlovsk region as a site for manufacture of railroad wheels. Evraz and Rail Service joint venture Allegro will manage the construction and the manufacture. Investments are estimated at 16 billion rubles. The capacity of the new shop will be 200 thousand railroad wheels per year…Details