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In January-June Mechel profit accountable for shareholders grew 2.7-fold, to 12.75 billion rubles. Consolidated revenue dropped by 2%, to 153.3 billion rubles. EBITDA decreased by 27%, to 30.35 billion rubles. In Q2 profit fell by 88% QoQ, to 1.4 billion rubles, revenue increased by 5%, to 78.5 billion rubles, but EBITDA dropped by 2%, to…
DetailsEvraz Kachkanarsky Mining and Processing Works has finished assembling the first BelAZ dump truck with the carrying capacity of 240 tons in Sverdlovsk region. The machine has already been commissioned and set to work at a quarry. Until the end of the year two more dump trucks and an excavator with the 20-cubic meters ladle…
DetailsRussian metals and mining group Mechel keeps plans to raise coal output in 2019 despite a 16% reduction in January-June, the company said in a statement on August 15. “Growth of coal production volumes will continue in the coming periods. Despite the planned reduction in production in the first quarter of 2019, coal production will…
DetailsRussian gold production rose by 12.9% YoY and by 10.6% MoM in July, the Federal State Statistics Service said in a report. In January-July gold production grew by 21.5% YoY. No absolute figures were disclosed. (Prime/Ukrainian metal)
DetailsLast year metal-processing enterprise SIA Jensen Metal situated in the Liepaja Special Economic Zone increased revenue by 276.2% YoY, to EUR 29.286 million. The company profit grew by 57.8%, to EUR 4.567 million. Sales in Latvia totaled EUR 227 thousand, as most of the products were exported. In 2017 Jensen Metal received EUR 23.2 million…
DetailsUkrzaliznytsia (Ukrainian Railways) is auctioning another batch of scrap via the Prozorro.Sales – the company is offering 12 lots with the combined weight of over 73 thousand tons. The initial price is almost 379 million UAH, but the company intends to receive at least 400 million UAH. The auctions will be held in August. The…
DetailsIn January-July Ukraine produced 12.7 million tons of steel and 10.9 million tons of rolled metal, up by 4% and by 2% YoY respectively. Pig iron manufacture dropped by 0.2%, to 11.9 million tons. In July steel output went up by 8% MoM, to 1.8 million tons, rolled metal – by 1%, to 1.5 million…
DetailsRepresentatives of Hermith GmbH – Hermith Rus CEO Natalia Chernenko and the chief technical officer Sergey Altynbayev – have discussed further cooperation with the managing director of Zlatoust Electrometallurgical Works Alexander Yefimushkin and director of reconstruction and development Andrey Lyska. In particular, the parties discussed the issues of titanium products manufacture for European and other…
DetailsIn 2018 Borisovka Bridge Metal Structures Works named after Sklyarenko increased net profit by 16.2% YoY, to 596 million rubles. Revenue grew by 8%, to 5.3 billion rubles, and gross profit by 7%, to 1 billion rubles. The company is one of the major manufacturers of steel bridges in Russia. As a result of the…
DetailsIn July Beloretsk Iron and Steel Works increased sales of certain types of metal wares. All in all in a month BMZ sold over 39 thousand tons of metal wares. The sales of low-carbon welding wire for the manufacture of electrodes and steel shaped sections for the manufacture of fasteners for car industry increased by…
DetailsIn January-June Ksenievsky Priisk, operating in Zabaikalye region, received 321.895 million rubles of net profit, up 6-fold YoY. Revenue grew by 145.5%, to 1.362 billion rubles, and sales profit – 4.3-fold, to 447.538 million rubles. As of June 30, the company has increased gold output by 45.1% YoY, to 469.27 kg. This year it plans…
DetailsRussian steelmaker Severstal sold more than 3,000 polymer-coated rolled metals under the Steel Silk and Steel Velvet brands to the E.U. clients in January-July, the company said in a statement on August 15. The company did not sell these brands of rolled metals to the E.U. last year, and it had to ensure compliance with…
DetailsPrime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev during his working trip to Jalal-Abad region took part in the ceremony of opening Kichi-Chaarat concentration plant in Chatkal district, the Information Support Department of the Government’s Office of the Kyrgyz Republic reported. Kichi-Chaarat CJSC, established in 2008, is located in the rural district Kanysh-Kiya of Chatkal district. Upon…
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