Russia: VSMPO-Avisma profit down in Q1 2018

In January-March VSMPO-Avisma received 18.033 billion rubles of revenue, up by 1% YoY.

Net profit dropped by 20%, to 4.069 billion rubles, mostly because of the strengthening of the Russian ruble exchange rate as to Q1 2017.

Last year the group net profit decreased 2-fold YoY, to 12.8 billion rubles. (Ukrainian metal)

Russia: NLMK to build another CCM

NLMK will construct another continuous-casting machine to replace the one, operating since 1976. SMS group will supply all the necessary machinery. The capacity of the new CCM will be 2 million tons per year. The new machine will allow NLMK producing billets with the thickness of 400 mm and width of 2800 mm. The CCM…


Russia: MMK to spend 3 billion rubles on BF shop repairs

The council on the strategic development of the MMK Group has approved the project on the construction of the blast furnace slag dry cooling machine.

The cost of the project is 3 billion rubles.

It will undergo an expertise soon.

The project will be carried out by Shlakservice LLC, a part of MMK. (Ukrainian metal)

Ukraine: Evraz Yuzhkoks reelects supervisory board and changes name

The new shareholders of Evraz Yuzhkoks have changed the company name to Yuzhkoks and reelected the supervisory board. The board chairman Alexander Maryanchuk, as well as the Evraz-DMZ, Evraztrans Ukraine LLC and Evraz Ukraine LLC legal department director Lyudmila Garmash and Evraz-DMZ sales management customs declaration department director Dmitry Skotarenko have been removed from the…


Russia: Zabaykalye region coal output down in January-April 2017

In January-April Zabaykalye region shipped 7.186 million tons of coal, down by 7.6% YoY.

According to the regional ministry of natural resources, in January-April 2017 7.777 million tons of coal were shipped from coal deposits.

In 2017 the region mined 21.3 million tons of coal. (Ukrainian metal)

Russia: Meta replaces CEO

Oleg Ryabko has been appointed the new CEO of the scrap-procuring group of companies Meta. In his new office Ryabko will be responsible for the management of the scrap-procuring business, improving its efficiency, reaching financial and manufacturing goals, etc. Andrei Pavlov, who has previously managed the company, decided to leave the office as his contract…


Russia: TMK IFRS EBITDA up in Q1 2018

Earnings before interest, taxes, depreciation and amortization (EBITDA) of the Russian pipe producer TMK increased by 13% YoY, to $160 million in January-March, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on May 18.

Revenue grew by 35%, to $1.274 billion. (Prime/Ukrainian metal)

Russia: SinTZ profit down in Q1 2018

In January-March Sinarsky Pipe Works received 94 million rubles of net profit, down 6-fold YoY.

At the same time the company revenue increased by 1.5 billion rubles, to 10.45 billion rubles.

Gross profit dropped from 1.7 billion rubles to 1.2 billion rubles. (Ukrainian metal)