In January-June the net profit of Metalloinvest totaled $870 million, up by 48.7% YoY. Revenue grew by 24.6%, to $3.779 billion, EBITDA – by 40.5%, to 1.491 billion, while net debt dropped by 6.1%. The company has refinanced its pre-export financing at $240 million due to attracting a new PXF-2018 loan. Metalloinvest has also signed…Details
The Cabinet of Ministers of Ukraine has transferred 100 million UAH envisaged for the Ministry of energy and coal industry for the program of labor safety at coalmines to the program of clearing salary debts to miners. According to the ministry, in January-June state mines extracted 2.161 million tons of coal, down by 6.7% from…Details
The state Roseximbank will provide a loan of over 140 million euro for the construction of Tashkent Iron and Steel Works. The bank has signed a loan agreement with Asaka and Uzpromstroybank, which are financing the project. The project envisages the development of the main manufacturing lines and infrastructure objects, the supply of machinery, training…Details
Russian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies is inappropriate, Reuters reported citing Industry Minister Denis Manturov. “With colleagues from other ministries, we have reached a common position that as of today it’s inappropriate,” he told reporters on the sidelines of a military forum. The proposal, put…Details
Ukraine’s output of manganese ferroalloy fell by 11.9% YoY and by 7.5% MoM, to 74,950 tons in July, Ukrainian ferroalloy producers association UkrFA said. In July Ukraine produced 65,400 tons of silicomanganese, down from 66,700 tons in July 2017. Output of ferromanganese dropped to 3,700 tons from 11,000 tons and production of ferrosilicon fell to…Details
Ukraine’s extraction of coal rose by 1.1% YoY, to 2.64 million tons in July from 2.61 million tons in July 2017 and from 2.55 million tons in June, the Energy and Coal Industry Ministry reported. Extraction of thermal coal in July increased by 7.7%, to 2.22 million tons from 2.06 million tons in July 2017,…Details
In January-June Russia imported 1.13 million tons of rolled steel and pipes from Ukraine, up by 47.8% YoY.
The share of bars and sections is around 55%, up 2-fold.
Flat rolled metal accounts for 32.9%, up by 1.4%, while pipes dropped 2-fold, to 3.3%. (Ukrainian metal)
In January-June Lysva Iron and Steel Works received 430 million rubles of net profit, up from 275 million rubles of net loss a year earlier. Revenue increased 2.4-fold, to 6.798 billion rubles, with gross profit up 3.2-fold, to 1.051 billion rubles. Sales revenue grew 3.3-fold, to 721 million rubles. Since the start of the year…Details
In January-July the Republic of Buryatia extracted 2929.7 kg of gold, up by 7% YoY.
Ore gold accounted for 1983.9 kg, up by 4%, while alluvial gold output grew by 13%, to 945.8 kg.
Last year the region yielded 5677.9 kg of gold. (Ukrainian metal)
In January-June Mechel decreased steel output by 8% YoY, to 2.051 million tons. The decrease was the result of the scheduled repairs of machinery in the sinter-blast furnace and oxygen-converter shops of Chelyabinsk Iron and Steel Works. A major repair of the continuous casting machine No. 5, carried out in Q2, reduced the loading of…Details
Chelyabinsk Iron and Steel Works produced rebars for one of the major infrastructure projects – the construction of the Central Ring Road in Moscow region. ChMK rebars are used to construct bridges, tunnels and transport infrastructure in the Pushkin district, and the town of Zvenigorod, as well as the bridge over the railway and an…Details
Mechel PAO’s Chief Executive Officer Oleg Korzhov commented on the January-June operational results. “Renewal of mining equipment at Mechel’s coal facilities enabled us to attain stable mining levels, and we plan to maintain this work pace until this year’s end. The decrease in mining volumes was due to a decline in thermal coal mining and…Details
In April-June ChTPZ received 5.574 billion rubles of net profit, up from 1.35 billion rubles in Q1. In H1 net profit reached 6.927 billion rubles as opposed to the loss of 864 million rubles a year earlier. Revenue in Q2 dropped by 1% QoQ, to 35.79 billion rubles. H1 revenue increased by 33% YoY, to…Details
Nordgold has increased its initial gold output forecast for 2018 from 0.95-1 million ounces to 1-1.5 million ounces. The improvement of the forecast is due to the project to construct an underground mining site at the Berezitovoye deposits as well as the commissioning of the Gross mine in Yakutia. The operation at the Berezitovoye will…Details
In January-July Polyus Magadan produced 2.6 tons of gold and 0.7 tons of silver. The company is developing the reserves of the Natalka gold-ore deposits in Magadan region. The first ton of gold was produced in April. This year the company is expected to obtain at least 5.4 tons of gold. At present the capacity…Details
Krasniy Octyabr is finishing its project to assemble a Danieli PL-370 centerless turning machine. The commissioning is scheduled for the nearest future. The world market requirements to rolled metal are getting more and more tough. Only modern machinery from the leading manufacturers can cope with them. The commissioning of the PL-370 mill, which could peel…Details
The Volgograd subsidiary of Severstal Steel Ropes has started assembling three rope machines and four winding machines. The cost of the Italian machinery is some 2.5 million euros. The commissioning is scheduled for autumn. This is the beginning of the second stage of the project to develop special steel ropes manufacture. “A month ago we…Details
NLMK-Kaluga has produced the 6-millionth ton of steel. “In just 2 years of operation the works has reached the levels of the best world practices on refractory, scrap, electricity, and electrodes usage. Now we must not stop on what we have reached, but move forward developing techniques, ourselves and our colleagues and forming a new…Details
In June Russia imported 71.3 thousand tons of flat galvanized metal, down by 2% YoY. In 6 months imports dropped by 10.2%, to 340.4 thousand tons. Deliveries from Kazakhstan decreased by 6%, to 173.6 thousand tons, at an average price on the Russian border of $767.5 per ton without VAT. Galvanized imports from China dropped…Details
In June Russia imported 48.3 thousand tons of flat polymer-coated rolled metal, down by 21.2% YoY. In January-June imports fell by 33.7% YoY, to 180 thousand tons, of which 71.6 thousand tons accounted for China, down by 55%. The average price on the Russian border was $893.7 per ton without VAT. Deliveries from Kazakhstan grew…Details
In January-June the mines of Donetsk region increased coal output by 5.3% YoY, to 5.9 million tons. At the same time this is 17.3% less than in January-June 2016. Last year the region yielded 10.2 million tons of coal, down from 14.5 million tons in 2016 and 38.1 million tons in 2013. In Q1 1144.3…Details
In July Ukrainian metal companies consumed 145 million cubic meters of natural gas, on the level of the previous month.
In 7 months gas consumption grew by 11%, to 1.08 billion cubic meters.
Electricity consumption in July totaled 6.9 billion kW-h, up by 11% YoY. (Ukrainian metal)
On August 20 the Ministry of Ecology of Chelyabinsk region received letters from the citizens about a bad smell in the air. As the result of the inspection, the source of heavy smoke was found on the territory of Chelyabvtormet. The mobile laboratories checked the quality of the air on the enterprise territory. Following the…Details
In June Russia exported 14.5 thousand tons of corrosion-resistant steel scrap and wastes valued at $18 million, up 4-fold and 5.6-fold YoY respectively. According to the customs statistics, in 7 months exports increased by 46.8%, to 54.4 thousand tons valued at $59.4 million, up by 61.4%. Scrap containing 8% of nickel accounted for 75% of…Details