In January-June Norilsk Nickel increased consolidated revenue by 8% YoY, to $6.3 billion. Net profit grew by 81%, to $2.997 billion. EBITDA went up by 21%, to $3.7 billion. Capital investments remained almost on the level of 2018 – $500 million. (Ukrainian metal)
DetailsMagnitogorsk Iron and Steel Works (MMK) was awarded a certificate by the United Nations Industrial Development Organisation (UNIDO) for its contribution to sustainable development and environmental initiatives in the Chelyabinsk region, as well as for the successful implementation of its “Energy Management of Industrial Enterprises” program. UNIDO is a specialized agency of the United Nations,…
Details“We were assured that till October 1 industrial companies would have electricity tariffs reduced by 15-20%”, said Oleg Ayko, Head of raw materials purchasing department of procurement administration, ArcelorMittal Kriviy Rih, who attended a meeting at the Office of the President of Ukraine on the current situation in the electricity market after introduction of a…
DetailsRussian metals giant Norilsk Nickel is considering different options of raising money, including Eurobonds, CFO Sergei Malyshev said in a conference call. “We are considering all options that are there on the market, but there is no ready deal lying on the table,” he said. The board of directors of Norilsk Nickel has recommended paying…
DetailsDeputy Prime Minister of Armenia Tigran Avinyan commented on the public concerns that the government of Armenia feared international pressures and arbitration over Amulsar case. Tigran Avinyan wrote on his Facebook page that the government understood the situation very well, as well as the steps for any scenario, including the possible arbitration. ‘’In case of…
DetailsThe Eurasian Economic Union has decided to impose limitations on the import of hot-rolled steel coils for a year from December. The EAEU consists of Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan. The total quota of hot-rolled steel coils in the countries is some 1.33 million tons, and all the imports exceeding this volume will be…
DetailsIn January-June Mariupol Ilyich Iron and Steel Works and Azovstal mastered the manufacture of 27 new rolled metal types. In particular, Azovstal manufactured new products in the plate-rolling shop. The company started producing 10G2FBU strips with the thickness of 10 to 55 mm to be used in the manufacture of large diameter pipes. According to…
DetailsIn January-June net losses of Rusolovo decreased by 26% YoY, to 85.205 million rubles. Revenue grew 3.5-fold, to 1.054 billion rubles. In 6 months the company produced 1003 tons of tin concentrate. This year Rusolovo intends to mine 2.2-2.6 thousand tons of tin. (Ukrainian metal)
DetailsThe mining shop of Svyatogor, a part of UGMK, has received a new Komatsu WA700-3 front-end loader. The machine will replace an older model that has been working for over 10 years at the Severo-zapadny quarry of the Volkovsky mine. The ladle of the loader has the volume of 9 cubic meters. The machine lifting…
DetailsA project to create a metal enterprise, which will produce electric welded longitudinal pipes, is being carried out in the Master industrial park in Stavropol region. The plant will be commissioned in late 2020. The pipes will be produced by Volzhsky Pipe and Section Works, one of the largest pipe manufacturers in the south of…
DetailsIn July Russia produced 5 million tons of unalloyed steel and semi-finished products, down by 5.2% YoY, but up by 2.6% MoM. In 7 months output dropped by 0.8% YoY. Stainless steel manufacture dropped by 25.5% YoY and by 5.8% MoM, to 13.9 thousand tons. Other alloyed steel output fell by 8.5% YoY and by…
DetailsKazatomprom National Atomic Company announced its intention to continue to flex down production by 20% through 2021, compared to the planned levels under Subsoil Use Contracts. The company will now begin working with joint venture partners to assess the impact and implement the plan across all of Kazakhstan’s uranium mines, the company’s press service informs.…
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