PJSC Magnitogorsk Iron & Steel Works, one of the world’s largest steel producers, announces that Standard & Poor’s Global Ratings has revised MMK outlook from positive to stable and affirmed the rating at BBB-. The outlook revision reflects uncertainties about near-term economic prospects, demand/supply and pricing for steel and raw materials, potential protection measures, and…
DetailsIn 2019, ArcelorMittal Kriviy Rih expenses on environment amounted to 562.9 million UAH. Environmental measures enable the company to comply with environmental standards established with the legislation and gradually reduce environmental footprint. Every year, the company allocates funds for implementation of major investment projects, including repair of fixed assets intended for environment protection purposes. For…
DetailsThe Ministry of Economy of Mexico will conduct another investigation of the imports of carbon and alloyed hot-rolled metal from Ukraine and Russia. Antidumping duties were imposed in late March 2000. They were then prolonged in 2006, 2011 and 2016. At present they amount to 46.66% for Ukrainian companies and to 30.31% for Russian. The…
DetailsMetinvest has suspended operation at two of its Italian plants due to the COVID-19 pandemic and the demands of the government. In particular, Ferriera Valsider and Metinvest Trametal will be shut down until April 3. In case the suspension of operation continues, Metinvest is expecting a decrease of output at its Ukrainian assets as well,…
DetailsContact rails manufactured by Izhstal have been used in the construction of the second site of the Nekrasovskaya line of the Moscow subway. The company mastered the manufacture of such rails in 2018. Last year, Izhstal supplied almost 6 thousand tons of rails for the construction of the Moscow subway, and since the start of…
DetailsIn 2019 Amur Miners’ Team received 237.195 billion rubles of revenue, down by 49.2% YoY. Last year platinum output decreased by 8.1%, to 206.4 kg. Sales losses totaled 122.526 million rubles, down by 44.9%. Despite sales losses the company received 13.482 billion rubles of net profit. (Ukrainian metal)
DetailsPolymetal has made a strategic alliance and concluded an agreement to buy gold-containing concentrate from Blackham Resources (BLK), Australia. The company will buy 70% of concentrate produced at the first stage of the Wiluna deposit development during the first three years, or 122.5 thousand tons of concentrate with the gold content of not less than…
DetailsThe Belarusian steel mill BMZ exported 2.2 million tons of metal products worth $1.16 billion in 2019, the company’s press service reported. BMZ products were shipped to 65 countries. The top destinations were countries of the European Union, Russia and Africa. In January-February the top five importers of BMZ metal products were Russia, Germany, Poland,…
DetailsMetinvest-Shipping, the main expeditor of Metinvest, has retained the first place in the “Expeditor of the Year” nomination of the 13th National Sea Rating. The company has been reaching the first place for the past 5 years. Metinvest-Shipping has become the absolute leader in non-container cargo transportation. Last year, the company shipped 32.86 million tons…
DetailsChusovoy Iron and Steel Works has concluded an agreement with Russula, Spain for the delivery of machinery for the water treatment station under the technical modernization of the section manufacture. The system of closed loop water cycle will provide for the necessary purification of water needed to cool down furnaces and other machinery of the…
DetailsIn 2019, Priisk Solovievskiy increased net profit by 20.7% YoY, to 2.973 billion rubles. Revenue totaled 10.26 billion rubles, up by 21.4%. Precious metals sales revenue was 10.176 billion rubles. Last year the company extracted 3487 kg of gold. Sales revenue increased by 20.4%, to 3.911 billion rubles. (Ukrainian metal)
DetailsIn January, Russia exported 29.3 thousand tons of zinc ore and concentrate, down by 14% MoM and by 2% YoY. Price dropped by 11%, to $500 per ton. Deliveries to China remained unchanged at 23.3 thousand tons, while to Kazakhstan fell from 6.2 thousand tons to 5.4 thousand tons. In 2019, exports totaled 313 thousand…
DetailsIn February, metal and mining enterprises decreased average salaries compared with January, all except for pipe companies. In particular, average wages at mining enterprises in February was 16859.4 UAH, down by 4.8% MoM. By-product coke companies posted an average salary of 17298 UAH, down by 6.7%, ferrous metal companies – 16162.6 UAH, down by 7.2%,…
DetailsArcelorMittal Kriviy Rih has decreased output and sent some 25% of its employees either on a paid leave or to work remotely at home. “At present the operation of the blooming No. 1, two small-section mills No. 1 and No. 3 of the first section-rolling shop, small-section mill No. 5 of the second section-rolling shop…
DetailsIn January-February, Belarus Universal Commodity Exchange increased metal exports 2.2-fold, to Br6.1 million. Ferrous and non-ferrous metals wastes, as well as products of Belarus Iron and Steel Works showed the largest export growth. Ferrous metals accounted for 79% of all deals. In particular, ferrous metals sales amounted to Br178 million, up by 8% YoY. (Ukrainian…
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