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Russian steelmaker Novolipetsk Steel expects its facilities at the Lipetsk site to raise steel production quarter-on-quarter in January-March to maintain year ago levels, the company said in a statement on February 12. “We expect to increase steel manufacturing at the Lipetsk site to the level of the same period of the previous year as capital…
DetailsThe state defense concern Ukroboronprom (UOP) has started optimizing scrap sales and has already discussed the problematic issues with major customers and procuring companies. UOP intends to inventory and evaluate the scrap sources. So far the enterprise can name neither the volumes of scrap, nor the structure of stocks. This issue will be cleared in…
DetailsSalary debts to Lvivugol miners have amounted to 350 million UAH, and all over Ukraine – 1.35 billion UAH. At the same time, in late December 2019 money from state budget was already provided to clear debts. President of Ukraine has visited a mine in Chervonograd. But the miners were not able to provide the…
DetailsIn 2019 Interpipe sold 798 thousand tons of metal products, down by 7% YoY. Exports accounted for 76%, while domestic sales dropped from 28% to 24%. Pipe sales decreased by 11%, to 595 thousand tons, mostly due to a drop on the global market in H2 2019. Deliveries of pipes to Ukrainian companies went down…
DetailsIn January Zlatoust Electrometallurgical Works exceeded steel output target. In particular, the company produced 4794 tons of liquid steel. The shop No. 2 exceeded target by 0.5% and No. 3 – by 3.6%. The rolling shop No. 1 produced 1964 tons of sections. Mill-750 output reached 2308 tons, up by 4.9%, and mill-400 – 547…
DetailsIn 2019 Polyus increased net profit 4.1-fold YoY, to $1.944 billion. EBITDA grew by 44%, to $2.68 billion, and revenue – by 37%, to $4.005 billion. In Q4 2019 net profit increased 2.3-fold QoQ, to $697 million, EBITDA – by 25%, to $883 million, and revenue – by 20%, to $1.287 billion. (Ukrainian metal)
DetailsIn January Priisk Solovievskiy produced 96.98 kg of gold, up by 46.3% YoY. At present gold is extracted only at the Solovievskoye deposit in Amur region. In the first month the company intended to yield 73 kg of gold. Thus, output exceeded the target by 32.8%. Alluvial metal is not extracted yet. Washing will start…
DetailsSeverstal has signed an agreement with Kurganstalmost to supply 9.2 thousand tons of hot-rolled sheets for the construction of a bridge in the city of Cherepovets. The metal will be produced at the mill-2800 of Cherepovets Iron and Steel Works. From the sheets Kurganstalmost will make all the necessary metal structures for the bridge. Deliveries…
DetailsThe Russian Finance Ministry has offered to raise the mineral extraction tax (MET) on non-hydrocarbon mineral resources to hurt the coal industry most. The ministry suggests a new addend to the coal MET, depending on the global energy and coking coal market situation. The addend will not be used once exports prices fall beyond a…
DetailsOlkon has started developing the Central Quarry. The license was acquired in July 2019. The site is situated near other quarries already in development. The deposits amount to some 6.8 million tons of iron ore. This year it is planned to mine some 350 thousand tons of ore there. The development of the quarry will…
DetailsThe board of directors of the Russian gold producer Polyus plans to recommend paying $462 million in dividends for July-December 2019, the company said in a statement on February 11. “Based on the current number of shares, the expected amount of dividends is $3.5 per common share. The amount of dividend payments for the entire…
DetailsThe Belarusian steel mill BMZ shipped over $427,000 tons of metal products worth over $167 million to African countries in 2019. The growth rate reached 180.8% in physical terms and 153.4% in monetary terms as against 2018. As far as regional distribution is concerned, countries of the European Union and Russia were the top export…
DetailsThe volume of metal products sold via the Belarusian Universal Commodity Exchange (BUCE) in January amounted to Br90 million, up by 8% YoY, the BUCE press service reported. Ferrous metals and goods made of them dominated the structure of the sales. These products accounted for 83% of the total trade turnover in the section of…
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