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Russia: Evraz output down in Q3 2019

In July-September Evraz decreased steel output by 3.4% QoQ, to 3.38 million tons. In North America sales dropped by 13.2%, to 427 thousand tons. In 9 months the figure grew by 1.9%, to 1.421 million tons. Overall steel output in January-September increased by 4.5%, to 10.366 million tons. Steel sales in Q3 went up by…

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Russia: KUZOTsM sales up in January-September 2019

In January-September Kamensk-Uralskiy Non-Ferrous Metals Processing Works increased sales. In particular, sales of the copper-nickel rolled metal grew by 60% YoY and bronze – by 13%. Brass electric discharge wire sales under the company own brand of Brasston went up by 16%. The main customers are Russian enterprises, as well as companies from Belarus and…

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Russia: MMK profit down in Q3 2019

In July-September MMK received $271 million of profit, down by 32% YoY. Revenue dropped by 4%, to $2.009 billion, and EBITDA – by 22%, to $525 million. In January-September profit decreased by 28% YoY, to $768 million. Revenue fell by 6.5%, to $5.844 billion, and EBITDA – by 22%, to $1.462 billion. (Ukrainian metal)

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Russia: LGOK passes quality management system audit

Lebedinsky Mining and Processing Works has successfully passed the audit of its quality management system and has once again confirmed its correspondence to the international standard. The audit has been carried out by the experts of the British Standards Institution. They noted that all the departments inspected demonstrated the highest level of participation in the…

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