In 2016 Petropavlovsk received $31.7 million of net profits as opposed to $297.5 million of losses in 2015. According to the company statement, its revenue reached $540.7 million, down by 10% YoY. EBITDA increased by 16%, to $200 million. Gold manufacture prime cost dropped by 12%, to $660 per ounce. As of the end of…Details
In January-March Kaz Minerals produced 52.1 thousand tons of copper, up by 16% QoQ and by 130% YoY. The group mined 16.9 million tons of ore, up by 27% QoQ and by 59% YoY, the average copper content in the ore was 0.8%. Zinc concentrate output decreased from 19.2 thousand tons in Q4 2016 to…Details
In January-March enterprises of Kuzbassrazrezugol, a part of UMMC, mined 10.8 million tons of coal, including 1.5 million tons of coking coal, up by 300 thousand tons YoY. The group sold 10 million tons of coal, up by 500 thousand tons YoY, with 2.9 million tons delivered to the local consumers and 7.1 million tons…Details
Russia is capable of considerably substituting aluminum imports by 2020. According to the Aluminum Association, at present Russia imports some 250 thousand tons of aluminum products. This is mostly aluminum plates, sections, etc. “Our aluminum industry has enough potential to manufacture these products. By 2020 semi-finished products imports could de substituted with local products at…Details
The Cabinet of Ministers is carrying out a number of projects to decrease coal consumption. According to the Prime Minister Vladimir Groysman, the construction of the electricity line from Rovenskaya NPP to Kievskaya substation will allow saving some 1.44 million tons of coal per year. Reconstruction of Dnestr HNPP will yield the economy of 700…Details
In January-March the volume of industrial output in Donetsk region (not counting the antiterrorist operation zone) decreased by 9.1% YoY, in March the drop was 8.2% MoM and 21.8% YoY. March saw the decrease in metal output by 1% MoM and by 12.4% YoY, and coke – by 8% and by 42.4% respectively. Coal mining…Details
In March, according to the railroad statistics, Chelyabinsk Iron and Steel Works received 3632 tons of ferrous scrap, down by 28% MoM and by 30% YoY. For the last 5 months scrap deliveries to the works (below 4 thousand tons) have been the lowest in 10 years. In Q1 scrap deliveries totaled 13.5 thousand tons,…Details
In January-February Russia imported 252 thousand tons of steel products from Ukraine, up 2.2-fold YoY. According to the Federal Customs Service, the cost of imports reached $150 million, up 3.2-fold YoY. Flat rolled steel accounts for 50% of imports, up 1.64-fold YoY, with value up 3.3-fold. 40% falls on shapes and bars (up 4.5-fold and…Details
In January-March Mechel-Materials almost doubled the grinded slag production, to 40 thousand tons.
The grinded slag improves concrete characteristics.
Mechel-Materials started manufacturing this product in 2014. In the production the blast slag from Chelyabinsk Iron and Steel Works is used. (Ukrainian metal)
In January-March Kazakhstan produced 19863 kg of raw gold, up by 27.6% YoY.
According to the Statistics Committee of the Ministry of national economy, raw silver output dropped by 5.4% YoY, to 265399 kg. (Ukrainian metal)
Magnitogorsk Iron and Steel Works (MMK) has developed a new English version of the metal products catalogue for the automotive industry. The new catalogue of products with references to car parts will help carmakers choose the required steel grades depending on the purpose of the end product (part). The catalogue includes pictures of various parts…Details
The board of directors of Magnitogorsk Iron and Steel Works (MMK) has approved a new dividend policy, under which the company will raise its dividend payout to at least 50% of its free cash flow from 30%, Board Chairman Viktor Rashnikov said. “The new payment plan says the company will allocate at least 50% of…Details
Amurmetall, the only steel producer in Russia’s Far East, plans to reach production capacity of 1 million tons per year soon, the Khabarovsk region’s Head Vyacheslav Shport said. In February 2015, Amurmetall plant was undergoing bankruptcy, and put to auction at a price of 9.07 billion rubles. The auction failed due to the lack of…Details
Severstal Steel Solutions, a part of Severstal Russian Steel, has started supplying metal structures for the construction of a coal thermal power plant in Yakutia. By May 25, the company will have supplied 1 thousand tons of metal structures. All the products are shipped directly from the Severstal shop to the construction site via railroad.…Details
In 2016 Mechel received 276 billion rubles of revenue, with EBITDA at 66.2 billion rubles and net profit of 7.1 billion rubles. “Steel and raw materials markets last year had a lot of surprises. The year started with the steel price increase, then the coal market revived, and by December 2016 coal prices reached their…Details
Russian Railroads will provide a 6.6% discount to the tariff for export transportation from the Zapadno-Sibirskaya and Sverdlovskaya railroads.
The discount is valid through December 31, and is applied to the transportation of coal, iron ore and metal to and from stations, near which 2 Evraz works are situated: ZSMK and NTMK. (Ukrainian metal)
NLMK Group, an international steel company with assets in Russia, Europe and the USA, has brought a new multi-layered pre-painted steel to the Russian market. The multi-layered polymer coating is more robust and attractive thanks to its lacquer finish. This steel product is designed for use in facade finishes, roofing, and interior decor. The new…Details
Zaporozhye Titanium and Magnesium Works has ordered 42.98 million UAH worth of electrodes from Titanium of Ukraine. This year the company will supply 594 tons of electrodes and graphite anodes. The payment will be carried out half a year after the delivery. The price of the agreement is 4% lower than the expected cost (44.95…Details
Dneprovsky Iron and Steel Works CEO Vyacheslav Mospan has reported the problems with energy carriers and drinking water. Electricity consumption is still at its lowest – 11 MWh. If the debt is not cleared in the near future, the works will be completely cut from grid. Payment for water last week was enough by today.…Details
Gorno-Altaiskaya Expeditsiya has found traces of gold ore at the Belyashi site in Altai region.
In addition to main mineral resources (tantalum, lithium, niobium, and tungsten), the site could also yield gold, copper and lead.
The prospecting work was carried out in 2016. (Ukrainian metal)
The two tenders on ferrous scrap sales by Ukrzaliznytsia with the total volume of 46 thousand tons have been declared not having taken place. According to the tender documentation, there was only one offer, while at least two offers were needed. The first lot consisted of 24 thousand tons of steel scrap valued at 122.76…Details
The temporary manager of the Aluminum Castings Works (Altai region) Sergey Pupkov has put on sale assets of the company. The starting price of all lots is 215 million rubles. Machinery and mills are being sold as one lot for 120 million rubles. The offers are accepted by June 11. This is the fourth time…Details
Irkutsk Aluminum Works, a part of Rusal, has started producing wire rods of 3000 and 4000 series alloys. This wire rod is used in the manufacture of wire for aluminum structures and sections welding. The pilot batch of aluminum wire rods is now being used at one of Moscow works. At present the demand of…Details
This year the Ministry of finances has to pay the State Bank of China 348.53 million UAH under the loan agreement with Lisichanskugol, provided by the bank under state guarantees in December 2011. The bank gave $85 million with 7.05% interest rate for 9 years to modernize the mine named after Melnikov. As of March…Details
In 2016 Dneprovsky Iron and Steel Works received 2.717 billion UAH of losses, up 1.9-fold, or by 1.372 billion UAH. According to the company statement, its net income dropped by 15.36%, or by 2.568 billion UAH, to 14.146 billion UAH. In 2015 DMK received 1389.476 million UAH of losses, having increased its net income by…Details
In March Ukraine consumed 2.86 million tons of coal, down by 37.7% YoY and by 26.1% MoM.
According to the State Statistics Service, last year coal consumption increased by 9.4%, to 31.3 million tons. (Ukrainian metal)