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In February, metal and mining enterprises decreased average salaries compared with January, all except for pipe companies. In particular, average wages at mining enterprises in February was 16859.4 UAH, down by 4.8% MoM. By-product coke companies posted an average salary of 17298 UAH, down by 6.7%, ferrous metal companies – 16162.6 UAH, down by 7.2%,…
DetailsArcelorMittal Kriviy Rih has decreased output and sent some 25% of its employees either on a paid leave or to work remotely at home. “At present the operation of the blooming No. 1, two small-section mills No. 1 and No. 3 of the first section-rolling shop, small-section mill No. 5 of the second section-rolling shop…
DetailsIn January-February, Belarus Universal Commodity Exchange increased metal exports 2.2-fold, to Br6.1 million. Ferrous and non-ferrous metals wastes, as well as products of Belarus Iron and Steel Works showed the largest export growth. Ferrous metals accounted for 79% of all deals. In particular, ferrous metals sales amounted to Br178 million, up by 8% YoY. (Ukrainian…
DetailsIn 2019, Vysochaishiy received a net profit of 4.7 billion rubles, down by 24.5% YoY. Revenue dropped by 4.4%, to 20.4 billion rubles. Gold concentrate sales totaled 1.1 billion rubles as opposed to 1.7 billion rubles in 2018. Silver sales income decreased by 3 million rubles. EBITDA fell by 24.5%, to 7.7 billion rubles. (Ukrainian…
DetailsIn January, Russia imported 3.9 thousand tons of aluminum scrap, down by 52% MoM, but up by 89% YoY. Price remained unchanged at $940 per ton. Deliveries from USA fell from 4.6 thousand tons to 2.5 thousand tons, and from Kazakhstan – from 1.6 thousand tons to 908 tons. In 2019, imports totaled 35.9 thousand…
DetailsIn January, Russia exported 1.5 thousand tons of copper wire rod, down by 28% MoM, but up by 6% YoY. Price grew from $5.8 to $5.9 per kg. Deliveries to Egypt dropped more than 2-fold, to 1.5 thousand tons, to Kuwait – by 27%, to 7.9 thousand tons, and to Belarus – by 36%, to…
DetailsDue to the COVID-19 outbreak, all NLMK Group employees over the age of 65 in Russia have been asked to stay at home. Employees of an advanced age have the choice of working from home or taking a paid vacation or quarantine leave until April 30. The end date could change, based on how the…
DetailsMagnitogorsk Iron & Steel Works (MMK) CEO Pavel Shilyaev has approved a new energy policy for the company, the strategic goal of which is to reduce energy costs in the cash cost of MMK’s products. To achieve this goal, the company will improve its system for monitoring the use of energy resources, increase the efficiency…
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