The net profit of the Russian metals giant Norilsk Nickel soared by 80% YoY, to $1.653 billion in January-June, as calculated under International Financial Reporting Standards (IFRS). Revenue increased by 37%, to $5.834 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 77%, to $3.079 billion. Net working capital fell by 20%,…Details
In January-June Cheboksary Works of Industrial Casting manufactured 650 million rubles worth of metal, up almost 1.5-fold YoY. “In addition to the railroad castings we are also mastering the manufacture of new types of products for agriculture machine-building and car industry, as well as spare parts for crushing machinery, mining and quarry machines”, the company…Details
RM-Steel is going on with its modernization program. So far a new bridge crane manufactured by the Leningradsky Crane-Building Works has been assembled in the hot-rolling shop. This is one of the two bridge cranes to be replaced under the program. Moreover, the company is working on increasing output and product range. Next year it…Details
NLMK has finished the repair of and commissioned the converter with the capacity of 160 tons. The repair work has been finished 16 hours earlier, which allowed smelting additionally more than 700 tons of steel. Investments in the project totaled 130 million rubles. At present NLMK operates 3 converters with the volume of 160 tons…Details
Sberbank Investments has concluded a deal with Mikhailovsky Mining and Processing Works, having received 10% of the enterprise shares as a partial clearing of debts.
The share of Lebedinsky GOK decreased to 89.32%. Through it USM Holdings of Alisher Usmanov controls MGOK.
USM Holdings also controls 100% of Metalloinvest shares. (Ukrainian metal)
In July DTEK Dneprovskoye Mine Group yielded over 91.8 thousand tons of low-ash coal. This is a record-high output of coal at one site. It has been reached for the first time in the past 5 years. At the same time, in 7 months the site No. 3 has mined half a million tons of…Details
Last week as the result of the flooding at the mine one person perished in the pro-Russia militants-controlled town of Snezhnoye in Donetsk region. The accident happened on August 11. 2 miners were at the accident site. The body of one of them was recovered on August 12. The search for the second miner is…Details
In July Beloretsk Iron and Steel Works shipped 41 thousand tons of metal wares to its customers, up by 6% MoM. In particular, the sales of cold-deformed rebars used in construction grew 2.5-fold. Sales of steel mesh for reinforcing increased by 61%. The company shipped 38% more ball bearing wire. Nails demonstrated the growth of…Details
In January-June Severstal supplied Russian construction companies with 2.717 million tons of metal products, up by 7% YoY. Severstal metal is used in construction of the largest infrastructure projects. In particular the group has delivered some 40 thousand tons of rolled metal for the construction of all 12 stadiums hosting the World Cup. In spring…Details
Vector Energy s.r.o (the Czech Republic) intends to purchase 1.58 million shares of the Ivano-Frankovsk Rebars Works, or 49.99% of the company. At present the company has no shares of the works. IFAZ was registered in 1995. Last year it increased its net income by 77% YoY, to 52 million UAH, having decreased the net…Details
In January-June one of the largest coalmining companies of Russia – Vorkutaugol – decreased output by 10% YoY, to 4 million tons. The decrease is the result of the scheduled works at the Vorkutinskaya, Zapolyarnaya, Komsomolskaya and Vorgashorskaya mines. Metallurgic coal output grew 3-fold, to 80 thousand tons. Its reserves are situated at the Vorgashorskoye…Details
The prices of precious metals decreased in Azerbaijan August 13, according to the data published by the Central Bank. The price of gold dropped by 4.386 manats, to 2054.6795 manats per ounce on August 13 compared to the price on August 10. The price of silver fell by 0.2464 manats, to 25.942 manats per ounce.…Details
The price of one ounce of gold decreased by 6.9445 manats or by 0.3361% last week. The average price of one ounce of gold stood at 2062.0065 manats. The price of one ounce of silver decreased by 0.071 manats or by 0.2704%, to 26.21016 manats. The price of one ounce of platinum decreased by 1.292…Details
Kyrgyzaltyn OJSC conducts consultations with the population of Toguz-Toro district. People are being persuaded that it is necessary to create a joint venture with a foreign investor at Makmal mine. Only this can extend its life and provide people with stable work. Deputy Chairman of Kyrgyzaltyn OJSC Nurdin Kanymbetov explained the peculiarities of the project.…Details
Tajikistan is very interested in close cooperation with Azerbaijan in the production and further export of aluminum, the Minister of Economic Development and Trade of Tajikistan Nematullo Hikmatullozoda declared.
In particular, Tajikistan is interested in using the transit potential of Azerbaijan for the export of Tajik aluminum, Hikmatullozoda added. (Trend/Ukrainian metal)
The Prime Minister of Ukraine Vladimir Groysman has approved the appointment of the new state enterprise Pervomayskugol CEO. The previous acting director Artur Mirumyan was fired by the order of the energy minister Igor Nasalik on August 7. The new director will be presented to the employees after the relevant order is signed. The reason…Details
In January-July Ukraine decreased coke and coal char export 8.7-fold YoY, to 17.663 thousand tons, valued at $4.741 million, down 6.4-fold. According to the State Fiscal Service, the main customers were Russia (45.59%), Belarus (32.05) and Romania (13.79%). In 7 months Ukraine imported 576.959 thousand tons of coke and coal char, down by 26.3% YoY,…Details
Last year Primorskugol LLC received 871 million rubles of net profit, up 5-fold YoY (163 million rubles).
In 2015 the company net profit reached 1.27 billion rubles.
Revenue in 2017 grew by 21% YoY, to 6.304 billion rubles.
Coal output increased by 4.5%, to 3.6 million tons. (Ukrainian metal)
In 2018 Yekaterinburg Non-Ferrous Metals Processing Works will continue developing new types of products for Russian and foreign car and electronics manufacturers. Some products will be unique for Russia. In particular the company is developing the wire and electrodes of iridium and its alloys. The company is also working on the thermocouple wire made of…Details
In August the market expects the prices of metal wares to increase. In particular, bolts and screws will become 5% more expensive, nuts – 2-5%, and rivets – 2%. The price of studs with zinc coating and the diameter of 16 mm will grow by 8%, while of M12 stud by 2%. M16 studs without…Details
The Kristall Non-Ferrous Metallurgy Works, situated in the North Osetia, will be restored by S7 Group. The works used to be the only producer of the vacuum cooper in the country. The operation of the works started in 1967. All the machinery has been retained since the suspension of operations in 2012. Moreover the specialists…Details
In January-June Severstal – Bar Works Balakovo produced over 450 thousand tons of steel, up by 34% YoY. The company also increased bars output by 27%, to 400 thousand tons. Sales volumes reached 400 thousand tons. Domestic market accounted for 94% of the purchases. The rest was exported. The widening of the sales market (to…Details
In July Zlatoust Electrometallurgical Works produced 5508 tons of liquid steel. The vacuum arc remelting site overfulfilled its target by 5%. The main products were stainless nickel-containing alloys and corrosion-resistant steel without nickel. The rolling shop produced 2824 tons of metal. In particular, the mill-400 produced 998 tons and bar mill-280 – 226 tons. (Ukrainian…Details
Evraz NTMK has put into operation a new ball-rolling mill to produce balls with the diameter of 60 to 120 mm of the highest – the fifth – hardness group, previously only manufactured abroad. The mill is situated in the rail and beam shop. The total length of the manufacturing line is 300 meters. There…Details
Russia’s president Vladimir Putin does not plan an extraordinary meeting with business representatives to discuss the situation in the industry, presidential spokesman Dmitry Peskov reported. “No such meetings have been scheduled yet because the president has not approved any decision. The president agreed that the issue should be considered by the government’s experts,” he said.…Details
Ukraine increases coal purchasing from Russia despite the public anti-Russian mood of the high-rank officials. In January-June Russia accounted for 63% of coal supplies to Ukraine, the largest volume in the past 4 years. The share of coal in the overall imports reached 6%, while Ukraine has 4% of the world coal reserves. This year…Details