Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the first quarter of 2017. First Vice-President – Chief Operating Officer, Sergey Dyachenko commented on the Q1 production results: “The decline in metal production volumes in the first quarter was scheduled as it was resulting primarily from…
DetailsSeverstal-metiz, a holding uniting metal ware assets of Russian steelmaker Severstal, has closed the sale of Italy’s Redaelli Tecna S.p.A. to Austria’s Teufelberger Wirerope GmbH for 50 million euro, Severstal said in a statement on May 2. A binding agreement was signed in January. The sale will allow Severstal-metiz to focus on operations on the…
DetailsPrimstroitel Company has received the status of resident of the Free port and intends to construct a metal wares plant in Vladivostok. Investments will total 335 million rubles. This will be the first metal wares plant on the Far East. The project will be carried out in several stages. Manufacture will commence in 2022. The…
DetailsKamsky Iron and Steel Works TEMPO intends to produce 30 thousand tons of rebars in May. The manufacturing plan for April is 25 thousand tons. According to the company commercial director Radik Sharifullin, in autumn the works will reach the level of 40 thousand tons. The company key sales markets are Central Federal District and…
DetailsIn 2016 Interpipe Nizhnedneprovsk Pipe Works decreased net income by 11.6% YoY, to 5052.242 million UAH. The works net losses increased by 40.3%, to 1136.428 million UAH. Last year Interpipe NTZ produced 100.993 thousand tons of seamless pipes (96.994 thousand tons in 2015), 43.297 thousand tons of casing pipes (57.072 thousand tons), as well as…
DetailsThe Severniy Mining and Processing Works shareholders decided to spend half of 3.6 billion UAH of net profit, received in 2016, on dividends (1.8 billion UAH). The rest will become undistributed profit. The company current liabilities last year increased by 58.2%, to 5.9 billion UAH, and fixed – by 11.9%, to 2.2 billion UAH, with…
DetailsIn 2016 Sibir-Polymetally, a part of UMMC, decreased capital investments 3.6-fold YoY, to 1.08 billion rubles. According to the company statement, new equipment was purchased for 108.7 million rubles, and capital repairs saw the investments of 550.1 million rubles. Last year the company received 205.833 million rubles of net losses as opposed to 97.814 million…
DetailsThe Federal Customs Service has put Chelyabinsk Zinc Works in the low risk category. The customs control of products exported from or purchased by ChelZinc will be carried out not in full volume. “The main advantage of this registry is the saving of time when products move through the customs border of Russia. This is…
DetailsLast year’s blackout has reportedly cost the Tajik Aluminum Company (TALCO) more than $8 million. Over the first two months of this year, Tajik aluminum smelter has reduced aluminum production by 36.3% YoY, according to the Ministry of Industry and New Technologies (MoINT). In January-February, TALCO produced only 16,300 tons of primary aluminum, down by…
DetailsIn January-February Russia imported 78.1 thousand tons of ferrous scrap from Kazakhstan, up 2.4-fold. This is also the highest result for the last several years.
Chelyabinsk region imported 46% of Kazakh scrap, Krasnoyarsk krai – 32%, and Saint Petersburg – 8%. (Ukrainian metal)
In January-February Russia imported 281.5 thousand tons of steel products from Kazakhstan, up by 115% YoY. According to the customs statistics, flat rolled steel accounted for 92% of imports, with 56% being steel of 3 mm thickness and higher, up 3-fold YoY. Sheet steel accounted for 33%, up 1.8-fold. Galvanized steel supplies increased by 103.4%,…
DetailsThe largest Russian gold miner Polyus in January-March increased output by 17% YoY, to 450 thousand ounces. According to the company statement, the growth was stipulated by the output increase at Olimpiada, Blagodatnoye and Kuranakh deposits. Ore processing increased by 4%, to 6.6 million tons. Ore mining went up by 26%, to 8.6 million tons.…
DetailsIn 2016 the total earnings of Chelyabinsk Zinc Works increased by 26% YoY, to 30347 million rubles. The main driver for the growth was the zinc price rise at LME – by 9% YoY, to $2095 per ton. The company net profits totaled 4016 million rubles as opposed to 3750 million rubles in 2015. EBITDA…
DetailsIn 2017 Dneprovsky Iron and Steel Combine plans to increase steel output by 59.7% YoY, or by 1.16 million tons, to 3.1 million tons. According to the company statement, pig iron output is expected to increase by 51.3%, to 2.94 million tons, rolled metal – by 25.8%, to 561.2 thousand tons. In 2016 DMK received…
DetailsIn 2016 Marganets Mining and Processing Works received 535.28 million UAH of losses as opposed to 6.7 million UAH of profit in 2015. According to the company statement, its net income decreased 2.7-fold YoY, or by 1.17 billion UAH, to 676.39 million UAH. In 2015 MGOK received 6.7million UAH of net profits, up by 1.17…
DetailsShareholders of Azovstal Iron and Steel Works at a meeting on April 28, decided to pay 1.47 billion UAH of dividends (0.35 UAH per share). According to the company statement, the dividends will receive a part of the profit, received by Azovstal in 2014 (915 million UAH), and profit for 2016 (558.42 million UAH). In…
DetailsIn January-March Metinvest increased steel output by 1% QoQ, to 2.07 million tons. According to the group statement, Azovstal increased steel output by 139 thousand tons and Mariupol Ilyich Iron and Steel Works – by 96 thousand tons, which compensated for the drop of production at Yenakievo Iron and Steel Works by 223 thousand tons.…
DetailsIn January-March Metinvest increased rolled metal output by 6% YoY, to 1.586 thousand tons. According to the group statement, flat rolled metal output increased by 151 thousand tons, mostly thanks to Azovstal increase – 170 thousand tons, and Mariupol Ilyich – 8 thousand tons, as well as coil output at European works – 17 thousand…
DetailsPJSC ArcelorMittal Kriviy Rih (Dniepropetrovsk region) will not pay dividends for 2016, but will direct net profit in the amount of UAH 2.704 billion for development of production. According to a plant press release, this decision was made at an annual general meeting of shareholders on April 27. The shareholders heard the reports of the…
DetailsLipetsk Pipe Company increases output. At present the company ships 400 tons of products, supplying ductile iron pipes both to Russia, and foreign markets. Some sites work in three shifts. Ductile iron pipes could serve for 80 years. “Each month we open new markets for our products. We’ve received orders from Sweden, we’re shipping to…
DetailsIn January-March Azovstal Iron and Steel Works received 558 million UAH of net profit as opposed to 1.8 billion UAH of losses in 2015. The company net income increased by 24%, to 32.7 billion UAH. In 2015 Azovstal received 1.8 billion UAH of losses as opposed to 916 million UAH of profits in 2014. (Ukrainian…
DetailsDTEK imported coal price is 2800 UAH per ton, or $105.5 per ton. “2800 UAH is unloaded coal at the port. Plus 200 or 150 UAH for delivery”, the company CEO Maxim Timchenko said. DTEK is prepared to import 2 million tons of anthracite, if the tariff for thermal power plants under condition of 3000…
DetailsAt a meeting held on April 28, NLMK Group’s Board of Directors recommended the company’s shareholders approve of payment of Q1 dividends at the upcoming Annual General Shareholder Meeting (AGM) to be held on June 2. Board of Directors recommended NLMK shareholders approve of Q1 dividends of RUB 2.35 per share, equivalent to 77% of…
DetailsMechel has stopped taking into account the assets of Donetsk Electrometallurgical Works as they have been seized by the militants and lost all their value. “On June 25, 2016 the so-called council of ministers of the terrorist organization Donetsk People’s Republic on the basis of Donetsk Electrometallurgical Works created the state enterprise Yuzovka Iron and…
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