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In 2017 Severstal plans to decrease steel smelting due to the overhauling campaign at its main asset – the Cherepovets Iron and Steel Works. “But the negative effect will be limited. Perhaps, it will reach 1-2% YoY”, Severstal financial director Alexei Kulichenko said. Sales will remain on 2016 levels. In January-September Severstal received $1.3 billion…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 415 474 343 360 September 375 460 341 386 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn January-September Donetskstal received 2.2 billion UAH of losses, down 1.8 times, or by 1.8 billion UAH YoY. According to the company statement, it has increased net income by 16.5% YoY, or by 1.37 billion UAH, to 9.7 billion UAH. In July-September Donetskstal losses totaled 1.1 billion UAH, with net income up by 20% YoY,…
DetailsMetinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and steel group, in August posted positive EBITDA of $133 million, while in the previous month the figure was $147 million. According to preliminary unaudited consolidated data from the company’s financial statements under IFRS, revenues in August stood at $555 million, while…
DetailsFor Ukrainian TPPs to be able to work in normal mode during the winter season they need enough energy-generating coal. That is why DTEL Pavlogradugol has increased mining output at all of its mine groups in Q3 by 21%. Ternovskoye Mine Group yielded 1 million tons of coal, up by 27% QoQ, Pershotravenskoye – 1…
DetailsUral Mining-Metallurgical Company has announced the merger of Electrocabel works and Kolchugino Non-Ferrous Metals Works. After all the legal procedures Kolchugtsvetmet will be managed by Cable Alliance, Electrocabel being a part of which. This decision was taken in view of the expansion of the cable business and the realization of the global program of Electrocabel…
DetailsIn January-September Russia increased raw zinc output by 3.3% YoY. According to the Federal Service of State Statistics, in September raw zinc output dropped by 6.3% YoY and by 14.5% MoM. (Ukrainian metal)
DetailsIn January-September KAZ Minerals produced 97.1 thousand tons of copper (in cathodes), up by 66% YoY. In Q3 the company produced 44.5 thousand tons of copper cathodes, up by 43% QoQ. KAZ Minerals increases output volumes at its Bozshakol and Aktogay works, which will allow it to reach the target of 135-145 thousand tons of…
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