In 2016 Metalloinvest increased revenue by 5.4% YoY, to 283.1 billion rubles. Profits rocketed 7-fold, to 72.5 billion rubles. Fixed liabilities dropped from 268.3 billion rubles, to 248.2 billion rubles, but current liabilities decreased 14-fold, to 3.5 billion rubles. The Metalloinvest board of directors decided to pay 14.2 billion rubles of dividends. Last year the…Details
On April 8-9, the cities of Shakhty and Rostov-on-Don witnessed strikes as to the situation on the Rostov Electrometallurgical Works, which stopped paying salary to its employees in January. The employees protested against the violation of the labor legislation. They addressed the local authorities asking them to deal with the REMZ owner Vadim Varshavsky and…Details
Ryazan Pipe Works is developing manufacture at its RTZ-Ural site in the Republic of Bashkiria.
The Bashkiria plant has been working for 6 years and in January-March produced 10.5 thousand tons of electric-welding pipes, up by 30% YoY.
In March the plant shipped 3 thousand tons of pipes to customers. (Ukrainian metal)
The Miorsk Metal-Rolling Works, being constructed, has ordered all the necessary equipment, including annealing mill, cold-rolling mill, packaging machines, etc. The first stage will see the capacity of the works at 150 thousand tons of tin-plate per year, growing to 240 thousand tons on stage two. The machinery will be put into operation in H2…Details
In January-March Russian Coal mined 4.045 million tons of coal, up by 8% YoY. The highest growth in output was demonstrated by the enterprises of Krasnoyarskkraiugol – up by 16%. The company explains this with the high demand from the Asia-Pacific region. “Despite the decrease in coal consumption in Europe, the demand for this fuel…Details
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Denis Safin, Director General of Zagorsky Pipe Works, took place in Moscow. In March large-diameter pipes produced by Zagorsky Pipe Works, namely electric-welded longitudinal steel pipes with a diameter of 1,020 to 1,422 mm, were included in the register of pipe products…Details
Iron ore from Severstal could be supplied to Yenakievo and Alchevsk Iron and Steel Works, which were occupied by the terrorists organizations DPR and LPR in March. The Russian Railroads have already agreed to a 25% discount on such transportation. Iron ore raw materials will be transported from the Cherepovets-2 station in Rostov region and…Details
The president of Ukraine Petr Poroshenko suggests taking coal from Ukrainian power companies if they import it from Russia. “The next issue that the president is going to discuss with the National Security Council is the possibility of confiscating coal, which is sent from the occupied mines in Donbass to Russia, and then sold back…Details
On April 10, AREVA and Kazatomprom signed a major agreement to strengthen their long-standing cooperation in the uranium mining sector in Kazakhstan, Kazatomprom informs on its website. The official signing ceremony took place in Astana in the presence of the Minister of Energy of the Republic of Kazakhstan Kanat Bozumbayev and the Chairman of the…Details
Magadan region plans to produce 30.5 tons of gold in 2017 to hit a record high of the past years, the regional government said in a statement on April 10. “The Magadan region demonstrated a stable rise in lode gold output from 2009 through 2016. Production rose by 6.4 tons from 5.5 tons to 11.9…Details
Ukrgrafit could be shut down because of the lack of the main raw materials – anthracite coal. At present the company has to import coal from Russia. Ukrgrafit manufactures electrodes and other coal-graphite products for metal companies. Before the blockade it imported raw materials from the militants-controlled area of Donbass. When these deliveries ceased, the…Details
In March Ukraine mined 2.98 million tons of coal, down by 12.8% YoY, or by 438.2 thousand tons. The decrease has to do with the militants occupying coal enterprises of DTEK. According to the Ministry of energy and coal industry, the total yield of DTEK mines (Komsomolets Donbassa, Sverdlovantrazit and Rovenkiantrazit), is 30.3 thousand tons,…Details
In January-March Zaporozhogneupor increased unmolded refractories output by 15% YoY, to 1.831 thousand tons.
At the same time molded refractories output (refractory concretes, mixes and masses) decreased by 5%, to 24.222 thousand tons.
In March the company produced 9207 tons of molded and 489 tons of unmolded refractories. (Ukrainian metal)
In 2016 Russian Copper Company received 3.957 billion rubles of net profits. Among its main enterprises Mikheevsky GOK yielded the most: its profits reached 3.874 billion rubles. Aktyubinsk Copper Company (Kazakhstan) received 3.34 billion rubles of net profits, Karabashmed – 2.523 billion rubles, Kyshtym Copper Smelting Works – 1.34 billion rubles. Aleksandrinskaya Mining Company received…Details
Cherepovets Iron and Steel Works, a part of Severstal, has started assembling the main equipment for the new coating shop No. 3. The crane with the lifting capacity 35/15 tons has already been assembled. The crane costing 50 million rubles has been especially developed for this site. “Thanks to the new shop our company will…Details
As of early April 10, anthracite stocks at the thermal power plants totaled 399.5 thousand tons, down by 10.1% WoW. According to the Ministry of energy and coal industry, gas-coal stocks increased by 2.7%, to 1.42 million tons. More than half of the anthracite (203.7 thousand tons) is stored at the Lugansk TPP. Altogether coal…Details
Zaporizhstal has completed the large-scale assembly at the blast furnace No. 3 being reconstructed. “We’re carrying out electric and technical work and starting testing the equipment”, the company CEO Rostislav Shurma said. The gigantic crane Mammoet with the lifting capacity of 1600 tons has finished its work at the reconstruction. Soon it will be disassembled…Details
Yenakievo Iron and Steel Works, occupied by the Donetsk People’s Republic terrorist organization, has to receive the first batch of raw materials this week.
“We have signed all the necessary documents. With the new raw materials we will be able to resume operation at EMZ”, the Donetsk militants leader Alexander Zakharchenko said. (Ukrainian metal)
Beloretsk Iron and Steel Works, a part of Mechel, has prolonged its loan line from Gazprombank till April 2022. According to the company statement, the volume of the loan is 3.1 billion rubles, or 19.9% of the assets cost as of the end of Q1. The initial agreement with the bank was signed in April…Details
Ural Mining and Metallurgical Company has increased its share in Chelyabinsk Zinc Works to 97.714%.
Last year ChTsZ produced 174.803 thousand tons of zinc and alloys as opposed to 171.002 thousand tons in 2015. (Ukrainian metal)
Ferrum has received the new pipe-welding mill. The mill produces thin-walled cold-rolled pipes with 0.5-1.6 mm wall thickness. This will be a unique product for Novosibirsk region. The mill will be put into operation in late May. Ferrum started producing electric-welded pipes in 2015. It has 3 mills with the total capacity of 15 thousand…Details
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Anatoly Sedykh, Chairman of the Management Board of United Metallurgical Company (OMK), took place in Moscow. It was noted that the long-term cooperation between the companies had strategic importance. Pipe products made by OMK comply with high standards and requirements set by…Details
Metal railroad exports in January-March decreased by 6.3% YoY, to 7.07 million tons, imports increased 3.9-fold, to 160 thousand tons. Railroad metal throughput in Q1 dropped by 4.7% YoY, to 7.23 million tons. Railroad metal delivery to port Novorossiysk for exports dropped by 12.2%, to 2.6 million tons, Tuapse – by 0.7%, to 560 thousand…Details
Because of the railroad accident on the Volnovakha-Karan route, Mariupol Ilyich Iron and Steel Works will not produce 11 thousand tons of pig iron. “Minus 3 trains with raw materials through Kamysh-Zarya route on April 8, minus 8 trains today, this means we will lose 11 thousand tons of pig iron in production (around $4…Details
Moody’s international ratings agency has improved Ferrexpo plc corporate rating from Caa3 to Caa2. Default risk rating has been increased from Caa3-PD to Caa2-PD, while its bonds from Caa3 to Caa2. The outlook on all ratings is stable. In 2016 Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, received $189.2 million of net…Details
Mariupol Ilyich Iron and Steel Works has finished the capital repairs of its blast furnace No. 3. “In 12 days all the repair work has been successfully completed”, the company CEO Yuri Zinchenko wrote on his Facebook page. The repairs will allow the blast furnace to reach its maximum capacity – 3450 tons of pig…Details