In July-September Mechel received 74.9 billion rubles of revenue, down by 5% QoQ and by 6% YoY. In 9 months revenue decreased by 4% YoY, to 228.2 billion rubles. EBITDA in Q3 dropped by 9% QoQ and by 29% YoY, to 15 billion rubles. Losses accountable to the shareholders in July-September amounted to 571 million…
DetailsAzovstal and Mariupol Ilyich Iron and Steel Works are transferring their employees from order-free departments to decreased working week. The administrative employees and manufacturing workers will now have a working week of 32 hours. The order is valid until March 31, 2020. Moreover, the business trips are suspended and the employees will not receive premiums.…
DetailsIn October Poltava Mining and Processing Works produced 975 thousand tons of pellets, down by 3% from the target. The reason of the output decrease is the unscheduled repairs. Instead of 60 hours of idle time, the pellets shop has been idle for 172 hours. The company management believes that this year down time will…
DetailsIn September Russia exported 8.3 thousand tons of secondary aluminum, down by 0.6% MoM and by 1.5% YoY. Deliveries to Japan grew by 13%, to 6.1 thousand tons, but to Cyprus dropped by 14%, to 1.2 thousand tons. In 9 months exports totaled 83.5 thousand tons, up by 56.2% YoY. In monetary terms since the…
DetailsIn September Russia imported 89.1 thousand tons of manganese ore and concentrate, up by 6% MoM, but down by 37% YoY. Deliveries from the South Africa dropped from 33.7 thousand tons to 28.6 thousand tons, and from Kazakhstan – by 42%, to 11.2 thousand tons. At the same time imports from Gabon grew by 61%,…
DetailsNorilsk Nickel has announced that it is shutting down its copper shop in Monchegorsk. The shop will be closed in the same way the company closed a Nickel plant in Norilsk several years ago. By closing outdated manufacture the company is decreasing pollution and environment impact. In 2020 pollution is expected to decrease 2-fold compared…
DetailsDuring this year’s navigation Cherepovets Iron and Steel Works industrial port cargo throughput grew by 2% YoY, to 6.8 million tons. In particular, the shipping of metal products increased by 8%, to 1.8 million tons. This year the company supplied its metal products to Naberezhniye Chelny and Perm. (Ukrainian metal)
DetailsNext year Norilsk Nickel intends to produce 225-235 thousand tons of nickel. The output forecast for 2021-2022 is 215-225 thousand tons, down mostly due to the repairs at Nadezhda works. Copper manufacture is expected to grow to 420-440 thousand tons in 2020, but fall to 390-420 thousand tons in 2021-2022. “B 2030 nickel output is…
DetailsThe miners of the Magadan region produced 40.23 tons of gold in January-October, setting a record since 1979, the regional government said. “Gold miners of the region produced 40.23 tons of gold as of November 1, up by 7 tons YoY,” the authority said. Alluvial gold output amounted to 17.36 tons as of November 1.…
DetailsLaw enforcers have searched steel plant Amurstal, owned by Torex Group’s subsidiary Torex-Khabarovsk, a spokesperson for the plant reported. A source in the law enforcement authorities of the Khabarovsk region said that investigative activities were held at the Torex offices in the region without disclosing the reason for searches. “The law enforcers were actually here…
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