Russia: ChMK produces rebars for Abakan lyceum construction

Chelyabinsk Iron and Steel Works has produced for the construction of a lyceum for 1,000 pupils in the town of Abakan.

The size of the building will be 23.3 thousand square meters.

ChMK rebars are characterized by high quality. They are widely used in construction. (Ukrainian metal)

Russia: Electrocable output up in Q1 2019

In January-March, Electrocable increased output by 30% YoY, to 156 thousand km of cable and wire.

The increase in the output is mostly due to modernization and new machinery purchase last year.

Thus, in 2018 the company modernized 5 manufacturing lines in the shop No. 5. (Ukrainian metal)

Ukraine: Electrostal resumes operation

In March Electrostal (Kurakhovo, Donetsk region) resumed operation having produced 11 thousand tons of continuous cast billet. In January-March the enterprise was idle, while in Q1 2018 it produced 71 thousand tons of billets. The reason for the company downtime was the growth of ferrous scrap prices, which made billets manufacture unprofitable. In 2018 Electrostal…

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Russia: Ukrainian pipe imports prohibited

Russia has prohibited imports of some types of pipes from Ukraine. In particular, the prohibition covers seamless pipes, tubes and hollow sections, made of ferrous metals, except for pig iron, including of corrosion-resistant steel, round pipes of iron or unalloyed steel, as well as square and rectangular pipes. Moreover, the import of some types of…

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Russia: RIAK output to double in 2019

RIAK, the plant that produces aluminum sections in Ingushetia, intends to double its output volumes. “From November, the company will reach its planned capacity of 6600 tons per year, thus increasing its output 2-fold”, the company CEO Magomet Tumgoyev said. The plant was opened in 2012, and the second stage launched in April 2018. 80…

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Russia: PMH revenue up in 2018

In 2018 PMH consolidated revenue exceeded 89 billion rubles, up by 5% YoY. The prime cost of products sold totaled 64.4 billion rubles, up by 12%. Gross profit dropped by 10%. EBITDA was 19.3 billion rubles, almost flat YoY. Net profit decreased by 83%, to 1.3 billion rubles, mostly due to currency exchange rate difference.…

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Russia: NLMK chooses 10 startup projects

NLMK participated in the Skolkovo Startup demo-day in Lipetsk as part of the Open Innovations Startup Tour. The tour aims at finding new promising projects. At the preliminary stage NLMK representatives have reviewed 40 projects in the sphere of metallurgy, energy, repair and HR. Leaders of the best projects have been invited to Lipetsk. In…

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