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Severstal has announced its financial results for the 2016. According to its press release, Severstal’s revenue decreased by 7.5% YoY, to $5,916 million, primarily reflecting a substantial decline in average steel selling prices at the beginning of 2016, as a result of the net decline in global benchmarks and a marginal decline in sales volumes.…
DetailsIn 2016 the Vysochaishy Group of Companies produced 5.1 tons of gold, down by 10% YoY. The highest results were reached at Golets Vysochaishy and Ykanskoye deposits in Irkutsk region – 4.8 tons of gold. Bolshoy Kuranakh in Yakutia yielded 308 kg of gold. Despite the decrease in output sales increased by 6% YoY, to…
DetailsIn January Ukrainian metal companies produced 2.103 million tons of carbon steel, up by 4.4% MoM and by 8.5% YoY. This is the highest result since May 2016. At the same time pig iron output decreased by 0.3% YoY, to 1.914 million tons, while that of rolled metal increased by 9.8% YoY, to 1.855 million…
DetailsThe oldest mine of Lisichansk – that named after Melnikov – has assembled the new coal conveyor. The works were financed by the Ministry of energy and coal industry within the program of Lisichanskugol support. The renovation of the conveyor allows putting into operation the first Northern face, yielding 700 tons of energy-generating coal per…
DetailsIn November 2016 Russia imported 23.5 thousand tons of corrosion-resistant flat rolled products valued at $45 million, down by 3.7% and by 8% MoM respectively, but up by 45% and by 28% YoY. 600 mm and more wide sheet accounts for around 90% of imports, with nickel content in steel not exceeding 2.5%. China supplies…
DetailsIn January-November 2016 Russia exported 78.3 thousand tons of stainless steel scrap and wastes valued at $77.3 million, up by 13.3% YoY, but down by 1.8% YoY respectively. 8% and more nickel-content scrap accounts for 64% of the exports. In November 2016 Russia exported 9.3 thousand tons of this scrap, down by 11% MoM. Some…
DetailsEnergomashspetsstal has won a tender to supply rolls for Mariupol Ilyich Iron and Steel Works. The companies have been cooperating since 2009. According to the contract, in 2017 EMSS will supply working and counter rolls for hot-rolling as well as counter rolls for cold-rolling with the total weight of 493.6 tons. All in all the…
DetailsSeverstal announces a 43 billion rubles investment program for 2017. The investment program of Severstal Russian Steel will total 26 billion rubles, with 12.1 billion to be spent on development, 13.9 billion – on maintenance of the existing capacities and the improvement of the security system. Some 1.7 billion rubles will go to IT-initiatives implementation.…
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