In Q2 Taganrog Metal Works received 357.1 million of net losses, up from 58 million rubles in Q1. The combined losses of the company in H1 total 415 million rubles, up from 328 million rubles in H1 2016. In Q2 Tagmet revenue dropped by 9% QoQ, to 8.4 billion rubles. The combined revenue in H1…Details
In July Dneprospetsstal produced 21142 tons of steel and 13866 tons of rolled metal, down by 3.2% and up by 0.2% MoM respectively. The total cost of products manufactured in July was 688028 thousand UAH, up by 2.9% MoM. In January-July DSS produced 148887 tons of steel and 98499 tons of rolled metal, up by…Details
In January-July Russia produced 2.4 million tons of steel structures and metal wares for construction, up by 11.8% YoY.
According to the Federal Service of State Statistics (Rosstat), in July output increased by 22.8% YoY, but dropped by 12.9% MoM. (Ukrainian metal)
In January-June Zagorsky Pipe Works increased pipes sales by 40% YoY. According to the company statement, it has shipped over 37 thousand tons of large and medium diameter pipes to its customers. The works has successfully delivered all the contracted pipes to Novatek, Arktikgaz and Lukoil, as well as supplied pipes of various sizes to…Details
In Q2 Izhorsky Pipe Works started producing and shipping large diameter pipes for the project of the Kharampur gas deposits development in Yamalo-Nenets Autonomous District. Under the contract concluded in late 2016, ITZ will supply over 100 thousand tons of pipes with 1220 mm diameter and 20-28 mm wall thickness of K60 steel. The plates…Details
In July Russia increased rolled metal output by 2.2% YoY and by 8% MoM. In January-July Russia produced 35.1 million tons of rolled metal, up by 0.7% YoY. Pig iron output in July dropped by 2.7% YoY, but increased by 6.2% MoM. In 7 months Russia produced 30.2 million tons of pig iron, down by…Details
Evraz ZSMK has finished the capital repairs of the blast furnace No. 2. The repair will improve work efficiency, increase the lifetime and decrease blast furnace manufacture impact on the environment. Evraz spent around 1 billion rubles on the furnace repair. In 2016 ZSMK repaired its BF1, in 2018 BF3 will be repaired. ZSMK blast…Details
Oskol Electrometallurgical Works has finished modernizing capacities at its bar-rolling shop No. 2. The assembly of the main and auxiliary machinery is complete. Modernization has been carried out without shutting down the main manufacture. Investments into the project exceeded 800 million rubles. Now the company will be able to increase its rolled metal output by…Details
PJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, reports IFRS financial results for six months ended June 30, 2017. Consolidated revenue increased by 11% YoY, to $4.2 billion primarily owing to higher realized metal prices. EBITDA dropped by 3%, $1.7 billion primarily owing to RUB appreciation against USD and…Details
In January-July Ukrainian metal companies decreased exports by 20.1% YoY, to 8.48 million tons. Steel semi-finished product exports decreased by 28.4%, to 3.46 million tons, flat rolled products by 2%, to 2.92 million tons, and long rolled products by 25.3%, to 2.09 million tons. The semis share in the export structure dropped from 45.5% to…Details
In January-July Ukrainian by-product coke works produced 5.946 million tons of 6% moisture metallurgical coke, down by 21.4% YoY. In July coke output was 906 thousand tons, in June – 864 thousand tons. In July Ukrainian by-product coke producers increased output as local iron and steel works improved output as well. Dneprovsky Iron and Steel…Details
Talks with potential buyers of the insolvent KVV Liepājas metalurgs will conclude at the end of August, says representative of the company’s insolvency administrator Dzintars Hmielevskis. Information published in the insolvency registry states that a clarified KVV Liepājas metalurgs property sales plan has been submitted. The company’s insolvency process administrator Guntars Koris has extended the…Details
Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the second quarter of 2017. In the first six months of 2017, KGC produced 266,023 ounces or 8274.25 kg of gold and contributed more than 4.7 billion soms in taxes and mandatory payments. During the second quarter of 2017,…Details
Kazakhstani coal will be supplied to Bishkek HPP by the intermediary company – Rassvet Company LLC. Only one local company applied for participation in the tender. Rassvet Company has been providing the heating plant with imported fuel for several years. The procuring entity allocated 1 billion 620 million soms for the purchase of Kazakh coal.…Details
In January-July the major pipe companies produced 602.9 thousand tons of ferrous pipes, up by 29.2% YoY, including 102.1 thousand tons in July. Ukrtruboprom enterprises produced 403.6 thousand tons of pipes, up by 36.9% (67.5 thousand tons in July). Khartsyzsk Pipe Works, situated on the Ukraine-uncontrolled territory, produced 3.4 thousands tons of pipes, up from…Details
In June Russia exported 541 thousand tons of pig iron, up by 38% MoM, but down by 14.8% YoY. According to the customs statistics, in H1 pig iron exports totaled 2.25 million tons, down by 15% YoY. This is also the lowest export level in the past 4 years. At the same time export revenue…Details
In 2016 KVV Liepajas metalurgs received 26.145 million euro of net losses, up from 8.366 million in 2015. The company income was 14.163 million euro against 69.356 million euro in 2015. The company stopped manufacture in 2013. In 2014 it was sold to Ukrainian investors, who resumed operation in 2015. But in September 2016 the…Details
ArcelorMittal has approved of several investment projects at ArcelorMittal Temirtau. In particular the company wants to construct a new air-separation block, assemble a ladle furnace No. 3 and new hydrogen electrolysis cells, etc. The total cost of the projects is $150 million. The projects will allow AMT to increase work efficiency, improve product quality and…Details
In January-July Azerbaijan obtained 3605 kg of gold, up 3.2-fold YoY.
According to the State Statistics Committee, in July gold output totaled 480.2 kg.
In 2016 Azerbaijan obtained 1894.1 kg of gold, down by 15% YoY. (Ukrainian metal)
In January-July Chukotka Autonomous District mined 257.68 thousand tons of coal, down by 23% YoY.
In particular Beringpromugol mined 130.5 thousand tons of coal at the Fandyushkinskoye Pole deposits. (Ukrainian metal)
Trubodetal, a part of OMK, has passed the certification audit of the quality management system for the correspondence to Gazprom 9001-2012 requirements.
The auditors have studied the documents and technological instructions, visited shops and other divisions. The results of the audit confirmed that the Trubodetal QMS corresponded to the Gazprom requirements and improved. (Ukrainian metal)
In August Togliatti Pipe and Section Works increased the range of its round electric-welded pipes with new diameter of 57, 76 and 89 mm and new wall thickness of 3-4 mm. Such pipes are used in construction and manufacture of metal structures, as well as furniture. The company produces pipes according to GOST 13663-86, GOST…Details
Under the bankruptcy procedure the assets of Armavir Electrometallurgical Works LLC will be sold at an auction. In particular, a site for steel manufacture will be sold. The construction of the works has been carried out by the Industrial Union of Donbass since 2007. Investments were expected to hit 9 billion rubles, but the project…Details
The Central Mining and Processing Works has purchased two Komatsu bulldozers valued at over 40 million UAH. The new machines have already started operating at the Gleevatsky quarry. According to the company CEO Dmitry Shevchik, investment program for 2017 is 1.3 billion UAH, the largest in the past 5 years. “We invest into modernization of…Details
Coal mining in January-July decreased by 6.9% YoY, to 21.05 million tons. According to the Ministry of energy and coal industry, state mines yielded 2.8 million tons of coal, down by 21.7% YoY. In July Ukraine mined 2.6 million tons of coal, with state mines yielding only 390 thousand tons. DTEK Dobropolyeugol increased output by…Details
Russian aluminum giant UC RUSAL has launched a $23.7 million coke calcination unit with a capacity of 72,000 tons annually at its plant in Irkutsk (IrkAZ), the company said in a statement on August 15. The unit will produce calcined coke, which will be used at the Sayanogorsky Aluminum Plant to make baked anodes. Currently…Details