In January-September the state enterprise Vostochniy Mining and Processing Works received 351.81 million UAH of net profits, up 2.1-fold YoY. Net income increased by 52%, to 2.37 billion UAH. According to the company statement, its gross profit in 3 quarters increased 2-fold, to 618.72 million UAH. In 2016 VostGOK received 493.89 million UAH of net…Details
Mariupol Ilyich Iron and Steel Works carries out a major reconstruction program to improve its positions on foreign markets. Thus, the company has signed an agreement with Primetals Technologies Austria for the delivery of machinery to reconstruct the 1700 sheet-rolling shop valued at over $25 million. “The world metal market is changing and we are…Details
The Trading House Attika LLC was not able to sell the Armavir Electrometallurgical Works for 248.4 million rubles. The auction has been cancelled as no bidders participated in it. AEMZ was put up for sale in October. The lot included, among other things, the 85 ha land plot for construction of an iron and steel…Details
In Q3 Seversk Pipe Works received 100.6 million rubles of net profit, as opposed to net loss of 42 million rubles in Q2 2017 and 396 million rubles in Q3 2016. In January-September the losses totaled 35.9 million rubles as opposed to net profit of 840 million rubles in January-September 2017. Sales in Q3 reached…Details
In 2018 the Tajik Aluminum Company plans to start developing the Konchochskay group of deposits. The deposits have large reserves of gold, silver, mercury, antimony and other metals. “In 2018 we will start mining and processing gold, silver and antimony”, the company said. TALCO obtained the license to develop the deposits in December 2015. The…Details
The number of faults in pipes supplied by Zagorsky Iron and Steel Works to Gazprom is the minimal in comparison with other pipe manufacturers. According to Gazprom, since late August and as of the first half of November, the ZTZ pipes fault index is 0.99% of the total supplies in the reporting period. That of…Details
Talnakh Processing Factory has repaired the belt conveyer No. 3. This is the main path for ore from Oktyabrsky and Taimyrsky mines to get to the factory. The machinery has been in operation since 1986, its length is 1695 m. The modernization of the conveyer allows managing the factory capacities that have increased to 10…Details
The metal machinery repair shop of Izhstal is 100 years old. In 1917 the main premises of the repair-mechanical shop were constructed. It also contained a smithy to produce horseshoes, nails, etc. In 1930s the shop organized a welding site, and after that the electrodes manufacture. During the war it produced parts for machine-guns and…Details
In January-September Russia exported 3.37 million tons of pig iron, down by 10% YoY, valued at $1.14 billion, up by 39.4%. According to the customs statistics, USA accounted for 65% of all exports, up by 24.2% YoY. Turkey imported 10%, up by 62.3%, followed by Italy with 6%, down 2-fold. In September Russia exported 675.3…Details
In January-October Belarus Iron and Steel Works increased hot-rolled seamless pipes output by 66% YoY, to 113 thousand tons. According to the company statement, in October pipe manufacture growth was 244.6% YoY. Steel smelting increased by 4.5%, to 1.92 million tons, metal cord – by 6.6%, to 79.6 thousand tons, RML wire – by 14%,…Details
Construction of a gold recovery plant and a tailing dump began at Jerooy deposit. According to the head of the State Committee of Industry, Energy and Subsoil Use, Ulan Ryskulov, the development of Jerooy deposit is one of the largest national projects that will have a great impact on the social and economic development of…Details
In January-October Severniy Mining and Processing Works sold 1.5 million tons of high iron content pellets to metal companies of Ukraine and Europe. The high-quality pellets have been produced following the experiments of using concentrate from two mining and processing works – Severniy and Ingulets. As the result iron content increased from 63.8% to 65%.…Details
The fourth batch of steam coal for the needs of thermal power plants (TPP) of PJSC Centrenergo has arrived in Yuzhny seaport (Odessa region), the port’s press service has reported. According to its data, the bulk carrier Ocean Dalian delivered 73,000 tons of coal. The report does not specify the coal grade, but Centrenergo previously…Details
The Internet-store of Severstal has been named the Best Internet-project of Russia in 2017.
The e-shop was first unveiled in 2016.
In January-October the store received 950 thousand tons worth of orders.
In 2019 Severstal intends to start exporting through its online-store. (Ukrainian metal)
MMK has received the approval of the Federal Antimonopoly Service for the purchase of Lysva Iron and Steel Works with the capacity of 360 thousand tons per year. Back in September MMK reported that it was regularly monitoring the M&A market and was ready to discuss the acquisition of prospective assets. At present neither MMK,…Details
The Republic Investment Company and its daughter enterprise Yanolovo have concluded an agreement with the Chinese investment fund YaZuan Investment Co. Ltd on development of tin-bearing deposits on the territory of Yakutia.
Yanolovo obtained the license to develop Tirekhtyanskoye tin deposits in 2015. Raw metal output could be 500-3.5 thousand tons per year. (Ukrainian metal)
Belarus will help improve methods of coal mining and coal transportation on Sakhalin Island, Russia. The news was released by the website of the Sakhalin region government and the governor after Sakhalin region governor Oleg Kozhemyako met with State Secretary of the Union State of Belarus and Russia Grigory Rapota. Member of the Federation Council…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, has exported 22 million tons of coal this year. The milestone ton was loaded onto the Panamax bulk carrier AP Argosy, the 306h vessel handled from the year beginning (the 21st in…Details
In January-August Metinvest exported 155 thousand tons of galvanized coils, up by 40% YoY. “The main growth has been witnessed in the direction of Europe, CIS (without Russia), Near East and North Africa”, the group marketing director Roman Kurashev said. Metinvest intends to retain its regular presence on European market and will work on attracting…Details
In January-September, according to the customs statistics, Russia imported 438 thousand tons of galvanized steel with polymer coating, up by 8.7% YoY, but down by 0.1% from the 2015 results. The main supplier was China. Its share was 59%. The average price on Russian border in September was $796.2 per ton. Kazakhstan’s share was 11%,…Details
In January-September Russia imported 566.3 thousand tons of galvanized steel, up by 24.1% YoY. According to the customs statistics, Kazakhstan was the major supplier – up by 48.7%, to 264 thousand tons. In September the average price on Russian border was $717 per ton without VAT. Then comes China with 109 thousand tons, up by…Details
In January-October ferrous metals output increased by 6.5% YoY. Casting companies improved operation by 4.2% YoY. This is the first increase in the sector since 2012. Flat rolled metal production decreased by 4.7%, unalloyed construction rods by 1.9%. At the same time alloyed rods output went up by 44%. Ferroalloys manufacture increased by 7.5%, raw…Details
The city of Yakutsk has held 4 auctions for the sale of alluvial gold sites. The most expensive lot was the site at the Chuguun brook and tributaries. The initial price during the sale increased 108-fold. Thus, Poisk Zoloto has to pay 153.45 million rubles. The Artyk site was purchased by Vostok LLC for 2.107…Details
In October ZEMZ started producing slabs of 12X18H10T steel with the size of 150×680 and 150×700 mm for the Krasniy Oktyabr Iron and Steel Works.
This is the first time that ZEMZ produces slabs of such a width.
The slabs have been manufactured at the 1150-mill of the rolling shop No. 1. (Ukrainian metal)
The Profil-Akras pipe works has presented the results of October.
In particular, pipe output totaled 12 thousand tons.
Sales reached 13.6 thousand tons, with 3.9 thousand tons exported. (Ukrainian metal)
In January-September Metalloinvest received $1.089 billion of net profit, up by 53.8% YoY.
Revenue totaled $4.556 billion, up by 52.4% YoY.
EBITDA grew by 80.8%, to $1.544 billion, with metallurgical segment of the company EBITDA up by 39.8%, to $267 million. (Ukrainian metal)