In January-September TMK received $3,667 million of revenue, down by 4% YoY. The Russian division revenue grew by 4%, to $2,719 million. EBITDA reached $508 million, down by 3%, with Russian EBITDA amounting to $438 million, up by 21%. Net debt as of September 30 totaled $2,671 million. (Ukrainian metal)Details
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Evraz has shipped some 400 tons of S255 and C345 beams manufactured at NTMK for the construction of the blast furnace No. 3 at Cherepovets Iron and Steel Works. The construction began in 2018, and the furnace will be blown in H2 2020. The rolled metal was shipped in April-October. (Ukrainian metal)Details
OMZ-Spetsstal has signed a partnership agreement with a major trader on the tool steel market – Interstal, which will promote its products in Belarus. The yearlong agreement will allow OMZ-Spetsstal improving the efficiency of sales on the Belarusian market, while Interstal will increase its product portfolio. The company customers are over 400 enterprises, including MAZ,…Details
Azerbaijan increased its silver production by 22.1% in 2019 compared to 2018. The country produced 3,218.1 kg of silver in January-October, the State Statistics Committee reported. In particular, silver mining in Azerbaijan amounted to 348 kg in October. Reserves of mined silver in the warehouses of manufacturing companies were 36.3 kg as of October 31.…Details
In September Russia imported 7.6 thousand tons of ferrosilicomanganese, down by 48% MoM and by 23% YoY. Deliveries from Georgia and Kazakhstan dropped by 64% and by 6%, to 2.6 thousand tons and 5 thousand tons respectively. In 9 months imports totaled 135 thousand tons, down by 5% YoY. In monetary terms since the start…Details
Maristyi LLC, developing alluvial sites in Amur region, has extracted 622.8 kg of gold this season, up by 19% YoY. Last year the output totaled 522 kg. The company operates on the territory of the Zeisk district. As of June it had 29 licenses to use subsoil, including 4 for prospecting. (Ukrainian metal)Details
One of the largest malls in Russia – the VEER mall in Yekaterinburg – is being constructed out of flanged beams manufactured at the Evraz NTMK. The seamless rolled flanged beams provide more strength to the structure, as they can withstand more load compared with welded flanges. The metal is supplied by Evraz Metal Inprom.…Details
Russian metals producer Norilsk Nickel does not rule out holding an initial public offering (IPO) of the Bystrinsky GOK ore-dressing plant project after 2020, CFO Sergei Malyshev announced. “IPO is one of the market tools for this project. A decision by shareholders whether to hold or not to hold the placement must be made. We…Details
In January-September DTEK Pavlogradugol received 7.9 billion UAH of profit, up by 46% YoY. Net income totaled 25 billion UAH, the prime cost of the manufactured products – 14.7 billion UAH and the gross profit – 10.3 billion UAH. In 9 months the enterprise mined 14 million tons of coal. DTEK owns 100% of the…Details
The Brazilian Ministry of Industry has prolonged for 5 years antidumping duties on plate steel with the thickness from 4.75 mm and the width of over 600 mm originating from China, Ukraine, Republic of South Africa and South Korea. The duty for Ukrainian companies is the lowest – $52.02 per ton. The duty was first…Details
Despite crisis, Russian metal companies Evraz, Severstal and MMK, accounting for over 50% of steel output in the country, do not intend to decrease investments. In particular, next year Severstal will spend 1.7 billion rubles on investments, up by 23% YoY. Evraz will increase its annual investments to $1 billion in 2020-2023 from the previous…Details
A fire broke out at the Severnaya mine, a part of the state enterprise Toretskugol. All the operation was suspended. According to the firefighters, the fire engulfed 1500 square meters of an administrative building roof. The fire has been extinguished. There were no casualties or injured. (Ukrainian metal)Details
In September Russia exported 65.8 thousand tons of refined copper, down by 2.5% MoM, but up by 78% YoY. Deliveries to China dropped to 7 thousand tons from 17.3 thousand tons in August. Germany increased imports of copper by 28%, to 7.7 thousand tons. The share of the Netherlands was 62%, or 41 thousand tons.…Details