Russia: Lermontovsky GOK produces 235 tons of tungsten concentrate

In January-August Lermontovsky Mining and Processing Works produced 235 tons of tungsten concentrate. The company employs 240 locals from the Svetlogorye village. In April LGOK resumed operation after a scheduled shut down. Since February the company has been assembling new machinery. Last year LGOK received 250 million rubles from the regional budget to resume operation.…

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Russia: Metalloinvest and Signify complete second stage of lighting modernization at LGOK, MGOK and OEMK

Signify (previously Philips Lighting) has modernized lighting systems at three Metalloinvest enterprises: Lebedinsky and Mikhailovsky Mining and Steel Works as well as Oskol Electrometallurgical Works. All in all the company has replaced over 5 thousand lamps in 15 shops. As the result of the second stage of the large-scale program to modernize lighting at Metalloinvest…

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Ukraine: Interpipe loses UAH 3.8 million because of journalist investigation

In early September Ukrzaliznytsia announced a tender to buy tyres for rolling stock valued at UAH 47.7 million. Two companies participated – Interpipe Ukraine and Intervtorprom. Neither decreased their offers, thus raising suspicion. Journalists of the “Railroad without corruption” project found out that the companies often participated in such trades. This time all the documents…

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Ukraine: Metinvest EBITDA up in July 2018

In July Metinvest increased its EBITDA by 0.9% MoM, to $233 million.

Revenue dropped by 1.3%, to $1.082 billion.

In 2017 Metinvest EBITDA grew 1.77-fold YoY, to $2.044 billion, while revenue went up by 43.5%, to $8.931 billion. (Ukrainian metal)

Ukraine: antidumping investigation on Russian and Chinese rolled metal with coating started

The Interdepartmental commission on international trade has started an antidumping investigation on the import of some types of rolled metal with corrosion-resistant coating from Russia and China. According to the commission, the metal could have been supplied at dumping prices, damaging local manufacturers. In particular, in 2015-2017 imports from Russia and China grew by 51%.…

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