In January-June the net loss of Mechel totaled 352.683 million rubles, down 22.3-fold YoY. Revenue grew 1.6-fold, to 9.813 billion rubles. Gross profit increased 1.6-fold, to 9.795 billion rubles. Sales profit was 9.039 billion rubles, up 1.6-fold. (Ukrainian metal)Details
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The Commercial court of appeals has ruled to recover from ArcelorMittal Kriviy Rih the debt for the land lease. The company was not paying full land lease in 2017-2018. The court ruled to recover the debt from one of the four sites. The next session of the court will be held on September 9. (Ukrainian…Details
In May Russia imported 113.9 tons of raw copper, up by 100.9% MoM and by 0.1% YoY. In 5 months imports dropped by 58% YoY, to 622.6 tons. Since the start of the year in monetary terms imports have decreased by 53.9%. In May import prices dropped by 10.7%, to $14.1 per kg. (Ukrainian metal)Details
This washing season Diana LLC intends to extract 100 kg of gold. The company is operating its only license site in the Rodionovsky Brook valley in Magadan region. The washing season started on May 20. So far the company has obtained 45 kg of gold, down by 30% YoY. The washing season will end in…Details
Birobidzhan Metal Structures Works is finishing the construction of its main sandwich-panel shop on the Amuro-Khiginskaya territory of advanced development in the Jewish Autonomous District. Investments in the project totaled 937 million rubles. 40 employees already work at the plant, and 156 additional jobs will be created when the construction is complete. This year the…Details
The Amur region gold-extracting enterprise KHERGU intends to yield 650 kg of the precious metal this season, down by 18.4% YoY. The drop is due to the decrease of gold content in the sand. The company started the washing season on April 29. So far, the output target has been 41.2% fulfilled, as the company…Details
Since the start of the washing season Kseniyevskiy Priisk has extracted 648.1 kg of alluvial gold, up by 44.9% YoY. The company is developing sites in the Zabaikalye region. The output growth is due to the modernization of the machines operating at the sites. The corrected output target for this year is 1300 kg. Thus,…Details
Oskol Electrometallurgical Works has turned 45. OEMK is the only enterprise of the full cycle in Russia that implements the technique of direct iron reduction. In 2018 the company produced almost 4 million tons of iron ore pellets, 3.2 million tons of DRI and 3.4 million tons of steel. OEMK was created in 1974. The…Details
Shareholders of the Yuzhniy Mining and Processing Works have decided to spend a part of the 2018 profit to pay dividends. The amount is 7.133 billion UAH, or 4.484251 UAH per ordinary share. The decision was taken at the extraordinary meeting on July 19. (Ukrainian metal)Details
Until 2024 Mechel will carry out an environment program with the combined volume of investments of 10 billion rubles. As the result, pollution will decrease by 14.2 thousand tons per year. This is stipulated in the agreement between Mechel, the Ministry of Nature, the Russian Nature Oversight Service and the Chelyabinsk region authorities. The modernization…Details
Metinvest has concluded a loan agreement in order to purchase equipment to modernize the hot-rolling mill-1700 at the Mariupol Ilyich Iron and Steel Works. The equipment will be supplied by Primetals Technologies Austria GmbH. The loan has been provided by Oesterreichische Kontrollbank Aktiengesellschaft. The reconstruction will increase the 1700-mill capacity from 1.36 million tons per…Details
In May Russia increased imports of flat galvanized rolled metal by 5.8% YoY, to 74.4 thousand tons, but decreased by 3.3% MoM. In 5 months imports grew by 8% YoY, to 290.5 thousand tons. Kazakhstan supplied the most metal accounting for 32.3%, down by 35.3%. The average price was $754 per ton without VAT. The…Details
The state enterprise Mine named after Surgay has ordered Alzo LLC the delivery of a pipeline valued at 35.25 million UAH. During the year the company has to supply 2 thousand sections of the degassing pipeline with the outer diameter of 325 mm and the length of 3.8 meters, 2,200 paronite packings and 12 thousand…Details