In January-March, Mechel produced 930 thousand tons of steel, down by 12% YoY, but up by 3% QoQ. The manufacture of bars totaled 607 thousand tons, down by 11% YoY and by 2% QoQ, and flat rolled metal – 114 thousand tons, down by 17%, but up by 26% respectively. Bars manufacture at the rail…
DetailsIn January-March, Mechel net profit grew 3.44-fold YoY and 7-fold QoQ, to 11.336 billion rubles. Gross profit increased 3.3-fold YoY, to 11.714 billion rubles. EBITDA dropped by 17%, to 15.322 billion rubles, though it grew by 2% QoQ. The group net debt as of March 31 was 456.585 billion rubles ad opposed to 467.704 billion…
DetailsIn March, Turkey decreased pig iron exports by 23.4% YoY, to 235 thousand tons. According to TUIK, money-wise imports dropped by 25.7%, to $120 million. In particular, deliveries from Ukraine decreased by 54%, to 50 thousand tons, and from Russia by 3.57%, to 258 thousand tons. (Ukrainian metal)
DetailsPresident of Kazakhstan Kassym-Jomart Tokayev has visited the Aktobe Ferroalloy Plant of the Transnational Company Kazchrome JSC. The Head of State got familiar with the industrial process and the performance indicators of one of Kazakhstan’s metallurgy flagships. Besides, the People’s Oversight project, in which people with disabilities are involved in ensuring occupational health and safety…
DetailsThe electric arc furnace No. 5 has been put into trial operation at the electric shop No. 2 of Krasniy Octyabr. The volume of the furnace is 200 tons. The furnace has not been operating for a year. It was shut down in May 2018 in order to assemble gas-purifying equipment. (Ukrainian metal)
DetailsGennadiy Urbanov, director of the Inaglinskaya mine, has held some business meetings in the Czech Republic and Poland. In particular, on May 20, he had a meeting with Ferrit management. It was agreed that the company would expand its service maintenance at the Denisovskaya mine as well as supply spare parts for the monorail diesel…
DetailsChelyabinsk Iron and Steel Works has produced 750 tons of rebars for the construction of a thermal and electrical power plant in Tatarstan. The plant is being constructed in the industrial district of the Nizhnekamsk city. Its main fuel will be Nizhnekamskneftekhim gas. (Ukrainian metal)
DetailsIn January-April, Russia produced 20.4 million tons of rolled metal, up by 0.2% YoY, and 17.1 million tons of pig iron, down by 1.1%. In April output dropped by 4.9% MoM and by 4.1% YoY as well as by 3.2% MoM and by 3.5% YoY respectively. Pipe companies decreased output by 2.6% YoY in 4…
DetailsThe output capacity of the Liskimontazhkonstruktsia pipe complex will be increased. In particular, the company intends to increase stainless steel pipe manufacture to 11 thousand tons. Last year the company shipped 370 tons of stainless pipes to Novatek. The manufacturing site was officially opened in June 2017. (Ukrainian metal)
DetailsNovoorlovsky Mining ad Processing Works developing the Spokoyninskoye tungsten deposit in Zabaikalye region intends this year to increase output by 55% YoY, to 1327 tons of concentrate. Last year the company did not mine tungsten and processed ore from old tails. In particular, the GOK processed 728.6 thousand tons of ore and produced 857.7 tons…
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