In 2018 MMK-Metiz received 544.3 million rubles of net profit. In 2017 the volume of its net profit was the highest – 1.26 billion rubles. Revenue last year totaled 23.08 billion rubles, up by 13% YoY. Sales profit dropped by 42%, to 923 million rubles. (Ukrainian metal)
DetailsThe Krasnoyarsk region subsidiary of the State Expertise Service of Russia has approved the project to construct a site to process gravitation gold-bearing concentrate in Zabaikalye. It is expected to process 3 tons of gold-containing raw materials per day. The complex is expected to be operating for 14 years. (Ukrainian metal)
DetailsIn 2018 the profit of Mechel, attributable to shareholders, reached 12.63 billion rubles, up by 9% YoY. Revenue increased by 5%, to 312.57 billion rubles, but EBITDA dropped by 7%, to 75.67 billion rubles. In the mining segment the revenue decreased by 3%, to 96.88 billion rubles, but in metal segment it grew by 9%,…
DetailsNadezhdinsky Iron and Steel Works has confirmed its correspondence to the requirements of the Russian Marine Registry. The company can produce rolled metal for shipbuilding of normal A strength steel, as well as improved A32 and E36 steel grades. The company makes square billets and blooms of this steel. Last year shipbuilding companies received 1.3…
DetailsKyshtym Electrolytic Copper Plant has produced 1 million tons of copper wire rod since its new shop was commissioned in 2007. Since mid-1990s the company has been producing copper wire rod using the Finnish oxygen-free technique of vertical casting. The capacity of the site was some 10 thousand tons of wire rod per year. With…
DetailsIn January-February Amurstal shipped 121.7 thousand tons of metal via railroad, up from 106 thousand tons as planned. Sales grew both to the local market and abroad. According to the company CEO Sergey Kuznetsov, Amurstal can increase output to 80-85 thousand tons of metal per month, thus reaching 1 million tons per year. (Ukrainian metal)
DetailsAccording to the Statistics Committee, in January-February Kazakhstan produced 74.1 thousand tons of copper, up by 5.4% YoY. Zinc manufacture dropped by 4%, to 52 thousand tons, and zinc concentrate output – by 31.8%, to 29.8 thousand tons. Bauxite production fell by 19.2%, and lead concentrate – by 8%. Kazakhstan extracted 126.3 tons of silver,…
DetailsIn 2019-2022 demand for large diameter pipes in Russia will remain at the level of 1.9-2.1 million tons. According to TMK, last year pipe consumption grew by 25%, to some 2 million tons. Gazprom will be the main buyer, accounting for 63-66% of all purchases. The second largest consumer – the state company Transneft –…
DetailsIn 2081 ArcelorMittal Kriviy Rih received $0.35 billion of net profit. Net income from the sale of goods totaled $2.5 billion. Investments last year reached $443 million. “Among the major investment projects is the construction of two new continuous casting machines ($144 million) and a complex of coke-oven batteries Nos. 5 and 6 ($160 million),…
DetailsUkraine has removed sanctions from Moldova Iron and Steel Works. Even though the works belongs to the Transnistria Moldavian Republic, but actually it is controlled by Russian Metinvest. The works was entered into the sanctions list on June 21, 2018. Prior to sanctions Ukraine supplied 80% of its exported scrap to the works. (Ukrainian metal)
DetailsIn 2018 Metinvest purchased 23.71% of Yuzhkoks shares for $30 million. The group also bought 24.99% of Pokrovskoye mine group and Svyato-Varvarinskaya Processing Factory and 100% in Unisteel for $190 million, the latter owning the galvanizing line with the capacity of 100 thousand tons per year. “The acquisition of these shares will provide for a…
DetailsIn 2018 Metinvest increased its sales in Ukraine by 35% YoY, to $3.34 billion. The growth was due to the increase in domestic demand. “Metal consumption in Ukraine grew by 4%, to 5.7 million tons”, the group noted. Pellets and coke sales increased by 58% and by 41% respectively. The share of Ukraine in the…
DetailsIn 2019 VSMPO-Avisma intends to produce 35 thousand tons of titanium products, up by 4% YoY. Last year the corporation manufactured 33.7 thousand tons of titanium products, 40 thousand tons of spongy titanium and 4.5 thousand tons of aluminum. In the next 8 years (2019-2026) the enterprise intends to invest in its development some $700…
DetailsRusal is finishing preparation for the construction of a pilot line to produce finely divided precipitated aluminum hydroxide with the capacity of 5 thousand tons per year at the site of the Achinsk Alumina Plant. Investments in the project will exceed 500 million rubles. Aluminum hydroxide is used in the insulation of cables for nuclear,…
DetailsIn 2018 Metinvest received $1.188 billion of net profit, up by 93% YoY. According to the group statement, revenue grew by 33%, to $11.88 billion, EBITDA – by 23%, to $2.513 billion, gross profit – by 28%, to $2.787 billion and cash flow – by 85%, to $1.103 billion. At the same time the debt…
DetailsAbinsk Electrometallurgical Works intends in late 2019 to put into operation its 5th stage and start producing wire with aluminum-zinc coating. The capacity of the complex will be 24 thousand tons per year. At present there is no manufacturer of such wire in Russia. Investments in the project will total some 2.9 billion rubles. Recently…
DetailsFrom May 1, ArcelorMittal Kriviy Rih, the biggest company of mining and metallurgical complex of Ukraine, is raising salaries of all its employees and employees of its subsidiaries by 15% on average and for certain professions – up to 20%. Last year, ArcelorMittal Kriviy Rih raised the salary twice – in May and October. In…
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