Earnings before interest, taxes, depreciation and amortization (EBITDA) of pipe producer TMK increased by 9% QoQ, to $179 million, while revenue grew by 5%, to $1.264 billion in October-December 2018, as calculated under International Financial Reporting Standards. The gross profit rose by 1%, to $224 million, while the EBITDA margin remained unchanged at 14%, it…
DetailsThe meeting of the coordinating council of Magnitogorsk Iron and Steel Works (MMK) and TMK was held in Magnitogorsk. The representatives of both companies reviewed their joint work in 2018 and discussed future collaboration. According to the results of 2018, 504,600 tons of MMK’s flat steel products were shipped to TMK’s pipe mill. This represents…
DetailsThailand has lifted a special protective duty it imposed on imports of Russian alloyed hot-rolled steel, the Economic Development Ministry said. “Alloyed hot-rolled steel from Russia now has access to the Thai markets. The kingdom has submitted a notification on conclusion of revision of the protective measures to the World Trade Organization,” the statement read.…
DetailsIn 2018, MMK Group’s financial contributions to charitable causes and new social programs increased by 11% YoY, reaching nearly 2.5 billion rubles. MMK allocated over 1.6 billion rubles to charitable and social projects. A key aspect of MMK’s and the group subsidiaries’ social programs is the encouragement of social activities aimed at improving the health…
DetailsNLMK Group, a global steel company, will be hosting a Capital Markets Day in London on March 4. The company will present its new development Strategy 2022 and hold a Q&A session with investors. NLMK Group will be represented by Marjan Oudeman, Independent Member of the Board of Directors, Oleg Bagrin, Member of the Board…
DetailsThe Belarusian news outlet Naviny reported on companies that were behind Russian coal supplies from Belarus to Ukraine, as was earlier reported that Ukraine last year boosted imports of anthracite coal from Belarus, which was not mined there. According to the publication, mainly lean coal originating from the Kiyzassky open-pit mine, managed by businessman Dmitry…
DetailsA new warehouse of Severstal Distribution has been opened in the city of Naberezhniye Chelny. Its main customers will be the machine-building and construction companies. “Last year Severstal Distribution increased sales in the Privolzhye Federal District, by 25% YoY, to 200 thousand tons. Four subsidiaries were selling metal – in Kazan, Samara, Nizhniy Novgorod and…
DetailsKuzbassrazrezugol has successfully passed a certification for the correspondence to the international standard ISO 50001. The certificate has been awarded to the company and all of its subsidiaries. The implementation of the energy management system began in 2015. Kuzbassrazrezugol also has the certificates of ISO 9001, ISO 140001 and OHSAS 18001. The new certificate is…
DetailsKoksokhimmontazh has started constructing above ground structures to implement coal charge stamping at the coke over battery No. 5 of Altai-Koks. According to the new technique, the charge will be loaded into the coke oven not from above, but horizontally as a briquette. This year 12 objects will be built at the site. “The technique…
DetailsBeloretsk Iron and Steel Works has confirmed the quality certificates for its wire and rebars used to reinforce ferroconcrete structures. The Mosstroysertifikatsia specialists have checked the manufacturing technique, the machinery condition and participated in testing samples of the products. The certificates have been issued for 3 years with annual confirmation. BMK has been cooperating with…
DetailsSeverstal-Vtorchermet has carried out an investment project to construct a new machine – a press to make briquettes of metal shavings at the Cherepovets Iron and Steel Works. Investments in the project totaled 150 million rubles. The construction began in Q1 2018. The machinery was supplied by ATM, Austria. The machine will reach its design…
DetailsThis year Evraz intends to spend $800 million on capital expenditures and confirms 4 projects. The company is reviewing for major investment projects in Russia and North America valued at some $1.3 billion. They include the creation of the flat rolled metal manufacture at ZSMK, as well as a new 100-meter rails shop in Colorado.…
DetailsIn 2018 Metinvest enterprises paid 22.2 billion UAH to the budgets of all levels, up by 50% YoY. In particular, the group paid 11.1 billion UAH of profit tax, up by 76%. The payment of single social tax grew by 30%, to 3.1 billion UAH, and the individual income tax – by 22%, to 2.9…
DetailsIn 2018 Ukraine exported 657 thousand tons of pipes valued at $737.8 million. This is the highest result in the past 4 years. In 2015 Ukraine exported 594.1 thousand tons of pipes valued at $576.4 million. Thus, in 2018 exports grew by 9.5% and by 21.8% from 2015 respectively. Last year Ukraine exported 624.9 thousand…
DetailsStandard and Poor’s has improved the long-term loan rating of Metalloinvest from BB/Stable to BB+/Stable.
The rating improvement has to do with the company debt decrease and good operational and financial results shown in 2018.
S&P has also improved the ratings of the Metalloinvest Finance DAC eurobonds from BB to BB+. (Ukrainian metal)
In 2018 Severstal sold 150 thousand tons of new types of products developed under the Product Innovations project. In particular, in late 2018 in less than a month a non-standard order was designed and produced for Severstal Steel Structures. Earlier several months would have been needed. The company produces roofing sheet and asked to make…
DetailsIn 2019 Kyshtym Electrolytic Copper Plant will switch its copper electrolysis shop to the operation on the stainless steel matrixes. At present some titanium matrixes are used in the manufacture. The switch to stainless steel matrixes began back in 2015 with the commission of a new machine. At that time 9 thousand stainless matrixes were…
DetailsUnder the program to protect environment Trubodetal is gathering manufacturing waste and submitting it for processing. Last year the company gathered 6.5 thousand tons of metal scrap. Apart form scrap, the company also submits for reuse and processing other waste: polyethylene, wood, and paper. The waste is gathered in special containers situated on the territory…
DetailsThe net profit of the U.K.-based mining giant Evraz, which operates mainly in Russia, more than tripled to $2.47 billion in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 28. Consolidated revenue rose by 18.6%, to $12.836 billion. Consolidated earnings before interest, taxes, depreciation and amortization…
DetailsSince the start of its sinter shop operation, Chelyabinsk Iron and Steel Works has produced 150 million tons of sinter. The sinter manufacture provides the blast furnace shop with high quality ore concentrate. The ChMK started producing sinter in 1956. 100 million tons were manufactured in 2008. In 2015 ChMK commissioned a new sintering factory…
DetailsSince 2017 Revda Non-Ferrous Metals Processing Works and Kirov Non-Ferrous Metals Processing Works have been producing rolled metal of antimicrobial copper and copper alloys under the Cu+ mark. Harmful microorganisms die within 2 hours after landing on its surface. In order to test the efficiency of the method to fight bacterial and viral illnesses, UGMK-OTsM…
DetailsKAZ Minerals is starting preparations for the feasibility study of the Peschanka deposit development. The deposit is situated in the Chukotka Autonomous District. The feasibility study will be prepared by Fluor. The results will be presented in the first half of 2020. In January KAZ Minerals finalized the deal to purchase the Baimskoye copper project…
DetailsBystrinskoye Mining Company LLC, developing the Bystrinskoye deposit of copper, iron and gold ores in Zabaikalye region, intends to process 8 million tons of ore in 2019. This year the company plans to produce 1 million tons of iron ore concentrate and 150 thousand tons of copper concentrate, up from 346 thousand tons and 77…
DetailsSustainalytics, one of the key rating agencies of the ESG sphere, has increased Severstal rating from 54 to 70 points (of the 100 possible), giving it the 8th place among 42 metal companies all over the world. Severstal has also been awarded the “Advanced Company” title. This year Severstal intends to increase investments in environment…
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