Ukraine: Lvivugol gets February 2017 salary

On March 28, the state enterprise Lvivugol received 11.8 million UAH of state financial support.

All the money was spent to pay salary to the miners.

According to the Lviv regional state administration department of fuel-energy complex and energy saving, thanks to this support, the February salary was paid in full. (Ukrainian metal)

Georgia: steel semis exports to Turkey up in January-February 2017

According to the National Statistics Office, in January-February the trade volume with Turkey, the country’s main trade partner, reached $198.39 million, including $35.04 million of exports (up by 17.3% YoY) and $163.35 million of imports (down by 3.5%). Non-alloyed steel and pig iron semi-finished products exports occupied the third position in the total Georgian exports…


Russia: VSMPO-Avisma doubles profits in 2016

In 2016 VSMPO-Avisma received 26.633 billion rubles of net profits, up 1.9-fold YoY.

In 2015 the corporation profits totaled 14.4 billion rubles against 4 billion rubles in 2014.

VSMPO-Avisma revenues in 2016 increased by 5%, to 76.2 billion rubles. Sales profits increased by 3%, to 30.3 billion rubles. (Ukrainian metal)

Ukraine: scrap deliveries to increase

The state enterprise Ukrpromvneshexpertisa forecasts that scrap deliveries to Ukrainian companies will increase in March by 23.5% MoM, or by 39 thousand tons, to 205 thousand tons. The increase in deliveries has to do with the high price of 6150 UAH per ton, as well as the expectations of the scrap procurers and traders that…


Ukraine: SAPO claims resistance in returning ZTMK to state ownership

The Specialized Anti-Corruption Prosecutor’s Office (SAPO) has claimed resistance of head of Zaporozhye Titanium and Magnesium Works LLC and its investor to returning the company to state ownership. SAPO said on its Facebook page that despite the attempts to hinder the return of the company to management of the state, this process is taking shape:…


Russia: UEM profits down in 2016

In 2016 the net profits of Uralelectromed decreased by 23.6% YoY, to 2.17 billion rubles. Revenue, on the other hand, went up to 28.9 billion rubles from 26 billion rubles in 2015, while sales jumped from 18.3 billion rubles to 22.97 billion rubles. The company says revenue growth was the result of output and sales…


Russia: SUMZ profits up in 2016

In 2016 Sredneuralsky Copper-Smelting Works, a part of UMMC, increased its net profits 10-fold YoY. According to the company statement, it received 2.912 billion rubles of profits, as opposed to 300 million rubles in 2015. In 2014 the company reached the highest volume of net losses – 5.2 billion rubles. Revenues in 2016 increased by…


Belarus: MMZ exports railway axles to Russia

The Mogilev-based steel mill MMZ has started shipping rough-forged railway axles to Russia, Valery Fishman, Head of the Central Office for Innovations and Investments of the Belarusian Industry Ministry, reported on 30 March. According to the source, two significant projects have been implemented by the Belarusian Metallurgical Company lately. The first one is the production…


Russia: NLMK to get TKZ machinery

The Taganrog Boiler-Manufacturing Plant “Krasniy Kotelschik” has concluded an agreement to supply a steam boiler and boiler equipment to Novolipetsk Iron and Steel Works. The boiler with the steam generation capacity of 220 tons per hour will be able to burn metallurgical and natural gas in various proportions. The utilization of the furnace gas in…