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The European Commission has decided not to impose temporary duties on hot-rolled metal from Ukraine, Brazil, Iran, Serbia and Russia, as it is still investigating whether the countries violated the rules of fair competitiveness. Thus the preliminary antidumping duties are not imposed from April 7. But the commission will have to decide by October 7,…
DetailsThe state enterprise Ukrpromvneshexpertisa forecasts that scrap deliveries to Ukrainian companies will increase in March by 23.5% MoM, or by 39 thousand tons, to 205 thousand tons. The increase in deliveries has to do with the high price of 6150 UAH per ton, as well as the expectations of the scrap procurers and traders that…
DetailsThe Specialized Anti-Corruption Prosecutor’s Office (SAPO) has claimed resistance of head of Zaporozhye Titanium and Magnesium Works LLC and its investor to returning the company to state ownership. SAPO said on its Facebook page that despite the attempts to hinder the return of the company to management of the state, this process is taking shape:…
DetailsDneprovsky Iron and Steel Works has shut down its last blast furnace. “Because of the blockade the works shut down its last blast furnace. DMK used to get coke from Alchevsk Coke and Chemical Plant. Now the deliveries are impossible”, the people’s deputy from the opposition Alexander Vilkul wrote on his Facebook page. He also…
DetailsIn 2016 Buryatzoloto, a part of Nordgold, decreased all its financial indexes. In particular, net profits dropped 6.9-fold YoY, to 651.32 million rubles. EBITDA also decreased 6.9-fold, to 818.761 million rubles, sales profits totaled 2.614 billion rubles, down by 22% YoY. The company revenues dropped by 10.3%, to 8.044 billion rubles. In 2016 at its…
DetailsIn 2016 Raspadskaya decreased coking coal supplies to Evraz Ukraine enterprises 3.6-fold, to 56 thousand tons. Evraz Ukraine share in Raspadskaya coal supplies decreased by 1% from 3% in 2015. Last year Raspadskaya sold 6.439 million tons of coal, with 3.627 million tons being exported. Most of the coal exported (except for Ukraine) was sold…
DetailsIn 2016 the net profits of Uralelectromed decreased by 23.6% YoY, to 2.17 billion rubles. Revenue, on the other hand, went up to 28.9 billion rubles from 26 billion rubles in 2015, while sales jumped from 18.3 billion rubles to 22.97 billion rubles. The company says revenue growth was the result of output and sales…
DetailsIn 2016 Sredneuralsky Copper-Smelting Works, a part of UMMC, increased its net profits 10-fold YoY. According to the company statement, it received 2.912 billion rubles of profits, as opposed to 300 million rubles in 2015. In 2014 the company reached the highest volume of net losses – 5.2 billion rubles. Revenues in 2016 increased by…
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