Holding Interros belonging to Vladimir Potanin sees shares of Russian metals producer Norilsk Nickel as an attractive asset and plans to raise his stake in the company, Potanin declared on November 19. “We think that shares of Norilsk Nickel are a good investment. There is no special target to raise the stake but when there…Details
The state enterprise Lvivugol has signed an agreement with the Group Profitrade LLC for the delivery of electric motors valued at 1.7 million UAH.
The company will have to supply two motLvivugolors at 850 thousand UAH each.
This is the first Group Profitrade order. The company was registered 7 months ago. (Ukrainian metal)
Energomashspetsstal will produce rolls for two ArcelorMittal European plants. According to the contracts signed, 6 back-up rolls will be supplied to ArcelorMittal Sagunto SL (Spain). Another 4 rolls will be produced for ArcelorMittal Eisenhüttenstadt (Germany). The total weight of the rolls will be 355 tons. The products will be shipped in Q3 2019. EMSS and…Details
From December Irbit Pipe Works will commission a site to apply PPU insulation on pipes.
The machinery produced by Polimer Complex (Moscow) will be used.
It will allow applying insulation to the pipes with the diameter of 57 to 820 mm.
The maximum length of such pipes will be 12 meters. (Ukrainian metal)
In January-September Susumanzoloto revenue grew by 26.2% YoY, to 12.349 billion rubles. Profit increased by 17.4%, to 3.691 billion rubles. Net profit went up by 22.9%, to 2.806 billion rubles. Accounts payable as of September 30 totaled 2.794 billion rubles, up from 1.24 billion rubles as of December 31, 2017. The value of the company…Details
Beringpromugol is preparing to ship its last bulker this year. The 9th vessel this year will head to Vietnam carrying 18 thousand tons of coal. The coal export season is expected to have been completed by December 1. Beringpromugol LLC is responsible for all Chuikotka coal exports (400 thousand tons this year). In 10 months…Details
In January-September the Republic of Sakha (Yakutia) mined 13.078 million tons of coal, up by 5.2% YoY.
The increase is due to the operation of Kolmar and Elgaugol LLCs.
Kolmar mined 3.83 million tons of coal, up by 24%.
And Elgaugol mined 3.9 million tons, up by 28%. (Ukrainian metal)
Uzbekistan is carrying out a project to construct in the city of Tashkent a metal plant of the new generation to produce cold-rolled sheet with coating. The plant is expected to be commissioned in Q4 2019. Investments are estimated at EUR 286.7 million. The design capacity of Tashkent Iron and Steel Works will be 0.5…Details
Precious metal prices increased in Azerbaijan on November 19, according to the data published by the Central Bank. The price of gold grew by 7.208 manats, to 2,073.6345 manats per ounce on November 19 compared to the price on November 16. The price of silver went up by 0.0933 manats, to 24.4446 manats per ounce.…Details
The price of one ounce of gold increased by 10.523 manats or by 0.51% last week in Azerbaijan, to 2055.0552 manats. The price of one ounce of silver grew by 0.2308 manats or by 0.96%, to 24.0674 manats. The price of one ounce of platinum dropped by 19.2372 manats or by 1.34%, to 1,434.6028 manats.…Details
Armenia’s aggression policy causes great damage to Azerbaijan in all spheres, including the economic and environmental ones, Zakir Ibrahimov, chairman of the board of AzerGold CJSC, declared. He noted that a report was prepared regarding illegal activities in the occupied Azerbaijani territories, and was sent to the country’s Prosecutor General’s Office. He said that the…Details
Zaporizhstal has successfully passed the quality management system audits for the correspondence to the international standards.
Bureau Veritas Certification Ukraine LLC awarded the company a new quality certificate.
Moreover, the European Fund for Quality Management also audited the company.
Zaporizhstal has become the best Ukrainian company according to the fund. (Ukrainian metal)
In January-September Donetsk region received $3.7 billion from exports, up by 14.1% YoY.
Ferrous metals accounted for 81.7%, or $2984.3 million, up by 22.8%.
In particular, ferrous metals accounted for 56.6% of all exports to Russia, 88.4% to Turkey, 93.2% to Italy and 98.9% to US. (Ukrainian metal)
In January-September VSMPO-Avisma decreased net profit by 5.3% YoY, to 14.3 billion rubles.
Revenue grew by 9.3%, to 60.3 billion rubles.
Gross profit increased by 17%, to 27.6 billion rubles.
Sales profit totaled 21.8 billion rubles, up by 20.1% YoY.
The company assets increased by 14.9%, to 160 billion rubles. (Ukrainian metal)
Prime Minister Dmitry Medvedev has signed an order to provide a subsidy for the construction of the power line under the infrastructure creation for the Taryn Mining and Processing Works in the Republic of Sakha (Yakutia). GV Gold will receive 638 million rubles from the federal budget to construct power lines with the length of…Details
Karelsky Okatysh has commissioned the united operation station of crushing and processing site. Now only 1 employee is in control of the whole process. The united operation station is the first step to create a global system to control the company working processes. At the next stage Karelsky Okatysh intends to unite operation stations of…Details
In January-September Sinarsky Pipe Works received 649.84 million rubles of net profit, down from 1.14 billion rubles in 9 months of 2017.
Revenue grew by 17%, to 32.52 billion rubles.
Sales profit dropped from 2.1 billion rubles to 1.2 billion rubles.
Short-term liabilities increased from 65.6 million rubles to 3 billion rubles. (Ukrainian metal)
The Alardinskaya mine was the first among Raspadskaya mines to reach the annual output target, having yielded 3 million tons of coal as of November 7. In early September the mine was the first to produce 2 million tons of coal from one shaft. In September 451 thousand tons of coal were mined, a record…Details
In January-October Ukraine imported 17.425 million tons of coal, up by 15.5% YoY, valued at $2.461 billion, up by 14.4%. Russia supplied $1.525 billion worth of coal (62%), USA – $739.27 million (30.04%), Canada – $126.946 million (5.16%) and other countries – $68.88 million (2.8%). Moreover, in 10 months Ukraine exported 56.223 thousand tons of…Details
Employees of the state enterprise Lvivugol have blocked the road to the customs checkpoint of Rava-Russkaya on the border with Poland. The miners demand being paid salary for September and October. Some 40 miners participated in the strike. The police have agreed with the strikers to let cars through every 15 minutes. The miners also…Details
On November 16, on the day of its 85 years, Zaporizhstal received conformation of its records entered into the National project of records of Ukraine. This is the reconstruction of the blast furnace No. 3 and the environment initiative “Save the Dnepr Together”. The reconstruction lasted for 8 months, while usually it lasts for 1.5…Details
US has retained the 163% import duty on ferrosilicomanganese from Ukraine. The country believes that if the duty is cancelled, local manufacturers will be severely hit. The antidumping duty of 163% was set in 1994 as the result of the investigation initiated by local ferroalloys manufacturers. In September 2006 it was prolonged for 5 years.…Details
Magnitogorsk Iron and Steel Works’ (MMK) Industrial Park signed a cooperation agreement with the Chelyabinsk Region Investment Development Agency and Metallurgic Deoxidizers Plant. The parties have agreed to cooperate on a project to construct a plant in Magnitogorsk to produce deoxidizers for steel, located in MMK Industrial Park. Investment in the first stage of the…Details
Magnitogorsk Iron & Steel Works (MMK) participated in Metal-Expo’2018, the 24th International Industrial Exhibition, in Moscow. Traditionally, MMK’s stand was one of the biggest and the most impressive at the forum. Its visitors were able to explore a wide range of products and technological capabilities from both MMK plant itself and MMK Group’s companies. Among…Details
Precious metal prices increased in Azerbaijan on November 16, according to the data published by the Central Bank. The price of gold grew by 5.831 manats, to 2,066.4265 manats per ounce on November 16 compared to the price on November 15. The price of silver went up by 0.2569 manats, to 24.3513 manats per ounce.…Details
NLMK Group, an international steel company, is pleased to announce the appointment of Peter Georg Selbach as CEO of NLMK Belgium Holdings plate business, which includes two companies in Europe: NLMK Clabecq (Belgium) and NLMK Verona (Italy). Peter Selbach will succeed Cornelius Louwrens, who will be leaving the company before the end of 2018. Peter…Details