The giant leap of electricity tariffs is questioning the further work of Pobuzhye Ferronickel Plant. In particular, in July the tariff grew from 57 UAH per MW-h to 347 UAH and 312 UAH in August. “This is a death penalty for us. Electricity accounts for 45% of all our manufacturing expenses. The new tariff will…
DetailsIn January-June the largest pig iron manufacturer in Russia – Tulachermet – received 721 million rubles of net losses as opposed to a net profit of 2.47 billion rubles in H1 2018. In Q1 losses totaled 228.4 million rubles and in Q2 – 492 million rubles. Revenue in 6 months dropped by 2%, to 28.5…
DetailsIn January-June Asha Iron and Steel Works received 13.5 billion rubles of revenue, up by 6% YoY. Net profit grew 3.8-fold, to 886.84 million rubles. At the same time sales profit dropped by 22%, to 827 million rubles. (Ukrainian metal)
DetailsThe net profit of Chelyabinsk Pipe-Rolling Plant, or ChelPipe, fell by 26% YoY, to 4.179 billion rules in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue from sales decreased by 9.6%, to 85.84 billion rubles, gross profit slid by 0.8%, to 23.288 billion rubles, and the pretax profit dropped by…
DetailsVolnogorsk Iron and Steel Works, a subsidiary of the United Mining and Chemical Company, has concluded an agreement with Gydrospetsservis LLC to repair a locomotive valued at 11.91 million UAH. During the year the company has to repair the TEM-2U shunting locomotive. The machine was constructed in 1985 at the Bryansk Machine-Building Works. (Ukrainian metal)
DetailsThe dumping margin of Chinese seamless hot-rolled pipe suppliers is 86%. In May the Ministry of economical development started an antidumping investigation on the import of such pipes at Interpipe’s request. According to the company, in 4 years imports of Chinese seamless hot-rolled pipes have increased more than 4-fold. In 2018 deliveries totaled 32 thousand…
DetailsA major Asian company has shown interest in the Black Rock investment project to create an iron ore manufacture in Kriviy Rih. It is reported that the investor intends to inject $50 million in the Shimanovsky Mining and Processing Works in return for the construction contract. Earlier Black Rock has addressed several European loan agencies…
DetailsIn January-July Ferrexpo plc increased pellets output by 2.6% YoY, to 6.165 million tons. Concentrate manufacture grew by 6.5%, to 7.712 million tons. In July the group produced 812 thousand tons of pellets and 1.113 million tons of concentrate. (Ukrainian metal)
DetailsAfter capital repairs a two-section locomotive has returned to Central Mining and Processing Works. All the electric equipment has been restored in the machine. The renewed locomotive will be transporting rock from Gleyevatsky quarry. (Ukrainian metal)
DetailsIn January-July Interpipe Steel produced 549 thousand tons of steel, down by 5.8% YoY. In July the company produced 73 thousand tons of steel, while in June – 75 thousand tons. In 2018 Interpipe Steel produced 973.8 thousand tons of round steel billets, up by 15% YoY. (Ukrainian metal)
DetailsDuring the Eastern Economic Forum in Vladivostok the Pokrovsky Autoclave Hydrometallurgical Plant will be commissioned. The enterprise will be the third in the country and the largest by capacity. Priamurie region is the third largest gold extractor in Russia. But most of the gold deposits are already depleted, so it was decided to switch to…
DetailsAs of August 15 Ksenievsky Priisk has extracted 925.01 kg of alluvial gold in Zabaikalye region, up by 41% YoY. The growth is explained with successful preparation of sites in 2018. This year the company intends to extract 1300 kg of gold. Thus, the target for the year has already been 71% fulfilled. The company…
DetailsLast week the price of one ounce of gold increased by 41.03 manats or by 1.6%. Accordingly, the average price of one ounce of gold stood at 2,573.0747 manats. The price of one ounce of silver grew by 0.5347 manats or by 1.8%, to 29.1772 manats. The price of one ounce of platinum decreased by…
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