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Chusovoy Iron and Steel Works has concluded an agreement with Russula, Spain for the delivery of machinery for the water treatment station under the technical modernization of the section manufacture. The system of closed loop water cycle will provide for the necessary purification of water needed to cool down furnaces and other machinery of the…
DetailsIn 2019, Priisk Solovievskiy increased net profit by 20.7% YoY, to 2.973 billion rubles. Revenue totaled 10.26 billion rubles, up by 21.4%. Precious metals sales revenue was 10.176 billion rubles. Last year the company extracted 3487 kg of gold. Sales revenue increased by 20.4%, to 3.911 billion rubles. (Ukrainian metal)
DetailsIn January, Russia exported 29.3 thousand tons of zinc ore and concentrate, down by 14% MoM and by 2% YoY. Price dropped by 11%, to $500 per ton. Deliveries to China remained unchanged at 23.3 thousand tons, while to Kazakhstan fell from 6.2 thousand tons to 5.4 thousand tons. In 2019, exports totaled 313 thousand…
DetailsIn February, metal and mining enterprises decreased average salaries compared with January, all except for pipe companies. In particular, average wages at mining enterprises in February was 16859.4 UAH, down by 4.8% MoM. By-product coke companies posted an average salary of 17298 UAH, down by 6.7%, ferrous metal companies – 16162.6 UAH, down by 7.2%,…
DetailsArcelorMittal Kriviy Rih has decreased output and sent some 25% of its employees either on a paid leave or to work remotely at home. “At present the operation of the blooming No. 1, two small-section mills No. 1 and No. 3 of the first section-rolling shop, small-section mill No. 5 of the second section-rolling shop…
DetailsIn January-February, Belarus Universal Commodity Exchange increased metal exports 2.2-fold, to Br6.1 million. Ferrous and non-ferrous metals wastes, as well as products of Belarus Iron and Steel Works showed the largest export growth. Ferrous metals accounted for 79% of all deals. In particular, ferrous metals sales amounted to Br178 million, up by 8% YoY. (Ukrainian…
DetailsIn 2019, Vysochaishiy received a net profit of 4.7 billion rubles, down by 24.5% YoY. Revenue dropped by 4.4%, to 20.4 billion rubles. Gold concentrate sales totaled 1.1 billion rubles as opposed to 1.7 billion rubles in 2018. Silver sales income decreased by 3 million rubles. EBITDA fell by 24.5%, to 7.7 billion rubles. (Ukrainian…
DetailsIn January, Russia imported 3.9 thousand tons of aluminum scrap, down by 52% MoM, but up by 89% YoY. Price remained unchanged at $940 per ton. Deliveries from USA fell from 4.6 thousand tons to 2.5 thousand tons, and from Kazakhstan – from 1.6 thousand tons to 908 tons. In 2019, imports totaled 35.9 thousand…
DetailsIn January, Russia exported 1.5 thousand tons of copper wire rod, down by 28% MoM, but up by 6% YoY. Price grew from $5.8 to $5.9 per kg. Deliveries to Egypt dropped more than 2-fold, to 1.5 thousand tons, to Kuwait – by 27%, to 7.9 thousand tons, and to Belarus – by 36%, to…
DetailsDue to the COVID-19 outbreak, all NLMK Group employees over the age of 65 in Russia have been asked to stay at home. Employees of an advanced age have the choice of working from home or taking a paid vacation or quarantine leave until April 30. The end date could change, based on how the…
DetailsMagnitogorsk Iron & Steel Works (MMK) CEO Pavel Shilyaev has approved a new energy policy for the company, the strategic goal of which is to reduce energy costs in the cash cost of MMK’s products. To achieve this goal, the company will improve its system for monitoring the use of energy resources, increase the efficiency…
DetailsIn 2019, Pobuzhye Ferronickel Plant decreased ore processing by 5.4% YoY, to 1.353 million tons. This equals to 74.4 thousand tons of ferronickel of ore raw materials (-3.3%) or 14.2 thousand tons of nickel (-10.2%). The main reason of the decrease is the operation at low capacity after repairs. This year the company intends to…
DetailsIn January, Russia exported 8.3 thousand tons of aluminum wire, up by 8% MoM and by 38% YoY. Price dropped by 4%, to $1889 per ton. Deliveries to Ukraine grew 2-fold, to 963 tons, and to USA – from 816 tons to 2.2 thousand tons. At the same time sales to Belarus decreased by 42%,…
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