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In 2019 Sukremlskiy Pig Iron Castings Works produced over 1.5 thousand tons of socketless pipes, up 3-fold YoY. The output increase is due to the growth of product portfolio (the company mastered the manufacture of 125mm diameter pipes). This year the company intends to increase SML pipes manufacture and expand the size and type range.…
DetailsIn 2019 Polymetal International plc increased net profit by 36% YoY, to $483 million. Revenue grew by 19%, to $2.246 billion. EBITDA totaled $1.075 billion, up by 38%. (Ukrainian metal)
DetailsIn December 2019, Russia exported 7.7 thousand tons of aluminum wire, down by 45% MoM and by 29% YoY. In particular, deliveries to Ukraine dropped to 398 tons from 1.5 thousand tons, and to Belarus – to 2.3 thousand tons from 3.4 thousand tons. At the same time exports to Poland grew more than 4-fold,…
DetailsArcelorMittal Temirtau has received a T-20 railroad car pusher from Dneprotyazhmash (Ukraine). The machine has been made to order. Dneprotyazhmash has been producing car pushers for many years, having made several modernizations to the model. (Ukrainian metal)
DetailsThe Polymetal board of directors has suggested paying 2019 dividends in the amount of $0.42 per share ($197 million). This amounts to 50% of net profit for H2 2019. The overall dividends for 2019 amount to $0.82 per share ($385 million). The payment of dividends should be approved at the shareholders meeting on April 27.…
DetailsIn December 2019, Russia imported 417 tons of molybdenum ore and concentrate, up by 70% MoM and 3-fold YoY. Deliveries from the USA dropped by 29%, to 100 tons, and from the Netherlands – by 25%, to 62 tons. At the same time purchases in Chile grew 4-fold, to 80 tons, and in Mexico –…
DetailsNLMK DanSteel, NLMK Group’s Denmark-based production site, has delivered its first thousand tons of S500MC high-strength steel plate (500 MPa yield strength) to German machine-building companies. The hot-rolled steel plates will be used to manufacture heavy vehicle components, including wheel axles parts. The use of high-strength steel ensures strong performance under high static and dynamic…
DetailsThe physical volume of gold deals on the Moscow Exchange slid by 76% YoY, to 1.285 tons in January-February, according to the Moscow Exchange. The volume of silver deals soared by 70%, to 5.774 tons. In monetary terms, the gold deals fell to 4.5 billion rubles from 11.4 billion rubles. In February, the gold deals…
DetailsIn December 2019, Russia imported 8.1 thousand tons of aluminum scrap and wastes, up by 77% MoM and 4-fold YoY. Deliveries from Kyrgyzstan grew 5-fold, to 1.5 thousand tons, and from US – from 2.3 thousand tons to 4.6 thousand tons. At the same time purchases from Kazakhstan decreased by 5%, to 1.6 thousand tons.…
DetailsLuchegorsky Coal Pit (LUR), developing the Bikinskoye coal deposit in Primorye region, in 2019 extracted 4.395 million tons of coal, down by 14% YoY. The company employed two contractors – SK-Universal LLC and Petrotrade-M LLC. LUR extracted 3.213 million tons of coal, Petrotrade-M – 391 thousand tons and SK-Universal – 790 thousand tons. The decrease…
DetailsAccording to Russian Railroads, in February 99.4 million tons of cargo were transported, down by 0.6% YoY. In January-February, transportation dropped by 2.8%, to 199.6 million tons. In particular, iron and manganese ores accounted for 19.7 million tons, up by 2.8%. Transportation of ferrous metals dropped by 4.9%, to 12.1 million tons, but scrap grew…
DetailsSeverstal Steel Ropes has completed a project to develop packaging, copper and steel-aluminum ropes manufacture. Investments exceeded 260 million rubles. The project started in March 2019 and included two stages running at the same time – the placement of the packaging site in new premises and the creation of a manufacturing site to produce copper…
DetailsRailroad workers of the Severniy Mining and Processing Works intend to carry out a large-scale digitalization. In particular, the enterprise is installing two automated systems – the controller management and the railroad stations management. The automatization will help track the position of the trains, control the speed of locomotives and energy resources spending, as well…
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