In January-June Asha Iron and Steel Works received 353.2 million rubles of net profit, down by 19% YoY. According to the company statement, its income increased by 31%, to 11.16 billion rubles. Hot-rolled plate sales totaled 8.7 billion rubles, or 78% of the volume. Rolled sheet sales reached 15%, or 1.7 billion rubles, up by…Details
TMK and ChTPZ, accounting for some 45% of Russian large diameter pipes manufacture, decreased local sales because of Gazprom lowering its purchases. In H1 TMK increased earnings by 11% YoY, to $1.54 billion, yet the seamless pipes increase was chiefly countered by the considerable drop in revenue from the sales of welded pipes. In particular,…Details
Ukraine: evidence of removing coal from uncontrolled areas reason for filing claims to international courts
Deputy Minister for Temporary Occupied Territories and Internally Displaced Persons Heorhiy Tuka has said that if there is evidence of shipping coal from the Ukrainian temporarily uncontrolled areas in Donetsk and Luhansk regions to Russia, this could be a reason for filing lawsuits to international courts. “These events are not in line with international requirements.…Details
Energomashspetsstal has produced and shipped a batch of rolls to Zaklad Mechaniczny ELTECH sp. z.o.o. The billets will be used to produce electric machines. The total weight of the rolls is 64.16 tons. The order has been made under the contract concluded in 2011. In August-September, according to the agreement, 12 more rolls with the…Details
According to the market participants, in September prices for rolled metal will continue growing mostly due to the ongoing price increase on world markets and the ruble weakening. MMK has already informed its customers of the price increase in September, namely of 10-18% on bars and sheets. The seasonal revival of the demand and the…Details
The National anticorruption bureau of Ukraine chairman Artem Sytnik says Dmitry Firtash has bought Zaporozhye Titanium and Magnesium Works for $1. “We’re investigating the case as to the management of ZTMK. And we see that Firtash has taken it for just $1. Of course we’re not investigating the Firtash responsibility at present, but we’re on…Details
In January-June Chukotka autonomous district obtained 14.6 tons of gold, down by 13% YoY. Silver output totaled 76 tons, down by 20%. The decrease is explained for the most part with the drop in reserves and its content at Kupol and Dvoynoye deposits. Chukotka Mining-Geological Company mined the most at Kupol: 5.6 tons of gold…Details
Chelyabinsk Iron and Steel Works has finished modernizing the 6-lane continuous casting machine in its oxygen-steelmaking shop. The modernization will improve the efficiency of the continuous cast billet machine No. 4. The reconstruction implied the previous experience from the repairs of another machine, done in July. The oxygen-steelmaking shop operates 4 continuous casting machines with…Details
In Q2 TMK received $1.07 billion, up by 17% QoQ, with H1 earnings up by 27% YoY, to $2.05 billion. According to the company statement, its corrected EBITDA in Q2 totaled $134 million, down by 6% QoQ, and $275 million in H1, up by 2% YoY. Net losses in Q2 constituted $19 million, with net…Details
In January-July Magadan region fulfilled the gold-mining plan by 51%, having obtained 15.9 tons of gold, up by 2.9 tons YoY. This year the region intends to get 30.9 tons of gold. The growth has been provided by the ore companies, which have mined 2.5 tons more than in 2016. The most gold has been…Details
In January-June KAZ Minerals EBITDA totaled $240 million, up from $91 million in H1 2016.
The company profits in the period increased from $302 million to $721 million.
In 2016 KAZ Minerals increased its gross profit by 43% YoY, to $969 million. (Ukrainian metal)
In January-June Azerbaijan imported 133.7 thousand tons of rolled metal, down by 1.4% YoY, valued at $83.536 million. According to the statistics, ferrous rods imports increased by 15.9%, to 52.835 thousand tons valued at $26.963 million, ferrous angles by 36.6%, to 19.115 thousand tons at $13.383 million, while imports of ferrous pipes dropped by 66.5%…Details
According to the contract concluded, Energomashspetsstal will produce another batch of rolls for Azovstal Iron and Steel Works. The contract provides for the delivery of 40 working rolls for hot-rolling with the weight of up to 40 tons. The rolls will be delivered in October-November. Their total weight will be 316.48 tons. EMSS rolls will…Details
The Ukrainian Prime Minister Vladimir Groysman has paid attention to the corruption in the issue of providing wagons by Ukrzaliznytsia and has set a task for the railroad company to deal with it. “That’s a good news, that the requests of cargo senders have finally been heard. We are sure that the attention of the…Details
The Amurmetal plant, the only metallurgical facility in Russia’s Far East, that resumed operations in late July after a 6-month shutdown, has launched exports to Asia, the Far East Development Ministry said quoting Vladimir Lebedev, CEO of Torex-Khabarovsk, a resident of the Khabarovsk priority development area, on August 18. “Over 60% of the products is…Details
The President of the Republic of Uzbekistan signed a decree “On additional measures on further development of JSC “Almalyk MMC”. The document was adopted in order to accelerate the sustainable development of production facilities of JSC “Almalyk MMC”, expanding the raw material base of the plant, attracting the advanced technologies in the development of deposits…Details
The Amurmetal plant, the only metallurgical facility in Russia’s Far East, resumed operations in late July after a 6-month shutdown to produce 30,000 tons of steel, the Far East Development Ministry said quoting Vladimir Lebedev, CEO of Torex-Khabarovsk, a resident of the Khabarovsk priority development area. “Torex bought the facility in late January to become…Details
In January-July Ukrainian companies increased rolled metal consumption by 18.5% YoY, to 2.036 million tons. Rolled metal exports totaled 10.618 million tons, up from 8.477 million tons in H1 2016. In particular Ukraine exported 2.8 million tons of long rolled metal (2.091 million tons in H1 2016), 2.9885 million tons of flat rolled metal (2.925…Details
Avdiivka Coke and Chemical Works has started constructing a new tube-type furnace to heat coal pitch. According to the company statement, the object will remove failures in the whole coal pitch processing shop operation. Investments total 38 million UAH. At present the works operates 2 tube-type furnaces. They have been working long and need to…Details
Dneprovsky Iron and Steel Combine has stopped its blast furnace No. 12 for scheduled repairs. BF No. 1M and BF No. 9 are operating normally. They are fully provided with raw materials. The sinter shop No. 2 operates to supply sinter to the blast furnace shop. The converter shop is manufacturing square billets for rolling…Details
In January-July Ukraine exported 188.039 thousand tons of ferrous scrap, down by 19.4% YoY, valued at $40.627 million, down by 0.9%. At the same time scrap imports increased by 0.2%, to 15.031 thousand tons, valued at $13.96 million, up 3.4-fold. The main suppliers of scrap were Turkey (87.44%), Moldova (5.8%) and Russia (3.07%), with Turkey…Details
Tajikistan Aluminum Company is increasing primary aluminum output, the country main export product. According to the company representatives, the output increase is spurred by the world prices growth. “We have both resources and ability to increase output and reach the annual target by year-end”, TALCO information-analytical department director Igor Satarov said. This year the company…Details
Lermontovsky Mining and Processing Works LLC is no longer threatened by bankruptcy.
According to the company director Vladimir Kalinovsky, the issue with indebtedness to the Amur-EP LLC, which has filed a suit against LGOK, has been settled.
Still, until September most of the employees will not be working. (Ukrainian metal)
In January-June Russkiy Ugol enterprises mined 6.8 million tons of power-generating coal, up by 11% YoY and by 881 thousand tons from the target. Coal shipping in H1 totaled 6.5 million tons, up by 15% YoY. Krasnoyarskiy Krai was the leader in mining and shipping with output at 3.2 million tons, up by 23% YoY,…Details