Chelyabinsk Iron and Steel Works has finished the capital repairs of its blast furnace No. 1. According to the company statement, its blast furnace shop includes 3 furnaces with the combined capacity of 3.5 million tons of pig iron per year. In Q1 ChMK received 950.3 million rubles of net profits, up 2.3-fold YoY, having…Details
In Q2 revenue grew by 18% QoQ, to $2.54 billion, driven by a 14% QoQ increase in sales and an improvement in the product mix (a 20% growth of finished product sales), against the backdrop of a fall in steel product prices. Q2 EBITDA eased by 2% (growth by 31% YoY), to $603 million following…Details
The core owner of Russia’s Chelyabinsk Pipe-Rolling Plant (ChelPipe), Mountrise Limited, may buy a 49.89% stake of state-owned nanotechnology company Rusnano in Eterno, a white metallurgy joint venture with the plant, Rusnano said in a statement on July 26. The deal may be closed by the end of September. “Rusnano has completely fulfilled the task…Details
The country’s third largest city Sumgayit will be the home to a huge metallurgical complex to be jointly built by Azerbaijan and Italy. The agreement signed between Baku Steel Company and Italian company Danieli in December 2016 will allow the country to save millions of dollars it spends on import and create opportunity for opening…Details
Coke coal output of the Russian coal and iron ore maker Industrial Metallurgical Holding (IMH) decreased by 3% YoY, to 1.338 million tons in January-June, the company said in a statement on July 26. Cast iron production grew by 3%, to 1.163 million tons and iron ore output rose by 3%, to 2.581 million tons.…Details
Severstal management has reviewed the sum of possible claims from tax service and decreased it 50-fold. As of December 31, 2016 the possible tax claims were estimated at $400 million. In April it became known that the company had been able to decrease the claims almost 3-fold, to $132 million. According to the latest information…Details
In January-June, according to railroad statistics, the delivery (including imports) of metal products for construction to the trade networks and direct supplies from metal companies to construction enterprises decreased by 3.6% YoY. Bars constituted 43.5% of all deliveries, having increased by 0.2% YoY. Roof steel totaled 8.8%, down by 17.5%. Shaped sections (beams, channel, angles)…Details
Korolevsky Pipe Works is expanding the geography of its presence on the Russian market by opening a warehouse in St. Petersburg. The opening of the new site will decrease logistics expenses of buyers from the North-West of the country, while the broad range of products and good location of the warehouse will make the purchase…Details
The Demidov Group of Companies has increased the prices of its products by 3-8%. The highest growth was in the segment of thin-walled section pipes (1-1.5 mm wall thickness). According to the company statement, the price increase has to do with the high demand, low stocks and the sharp rise of hot-rolled metal prices at…Details
In June Ukraine produced 5812.6 thousand tons of iron ore raw materials, down by 263.8 thousand tons MoM. The average daily output dropped by 8.4 thousand tons, to 125.6 thousand tons. In January-June Ukraine produced 35 million tons of iron ore raw materials, down by 2 million tons YoY. Deliveries of local raw materials to…Details
In May Metinvest increased its EBITDA by 13.24% MoM, to $154 million, having increased its earnings by 22.22%, to $737 million. According to the group report, in May it sold 262 thousand tons of semi-finished products valued at $109 million, and 425 thousand tons of other metal valued at $719 million. As well as 74…Details
On July 26 the ArcelorMittal Kriviy Rih miners, employees and the union representatives went on a strike with a number of demands, the main being the salary of 1 thousand euro. According to the miners (some hundred of them), the company management refuses to cooperate with them and react to their demands. They believe that…Details
In January-June Cherepovets Iron and Steel Works produced 2.228 billion kW-h of electricity, up by 0.5% YoY, and the highest result in all its history.
The economical effect from the increase of electricity manufacture reached 66.4 million rubles.
The share of the company’s own electricity totaled 79.4%, up by 0.8% YoY. (Ukrainian metal)
According to the Statistics Committee of the Ministry of national economy, in January-June Kazakhstan increased copper cathode manufacture by 5.4% YoY.
Raw zinc output decreased by 0.5%.
KAZ Minerals and KazZinc contributed the most to the output. (Ukrainian metal)
As of July 10 Rise LLC has yielded 210 kg of gold. This year the company still operates at two sites: the Pravaya Vizualnaya stream and the Nelgyu River. This year Rise intends to wash 600 kg of gold, up by 23.7% YoY. The stream will yield some 80% of gold. In 2016 Rise yielded…Details
Magnitogorsk Iron and Steel Works is the first among Russian manufacturers of galvanized and coated rolled metal. The rating on the results of the H1 was published in the “Metallosnabzheniye i sbyt” magazine. Last year MMK also headed the rating. In mid-July the works put into operation the continuous galvanizing machine No. 3 with the…Details
In January-June Severstal supplied 220 thousand tons of metal to Russian and CIS car manufacturers, up by 14% YoY. In particular, Russian car works as well as foreign companies operating in Russia received 163 thousand tons of metal. Deliveries to the CIS countries totaled 57 thousand tons, up by 98% YoY. The increase in exports…Details
DTEK expects that the third vessel with anthracite coal from the South African Republic will arrive on August 8-10.
The vessel left the port of Richard’s Bay on July 10, carrying 75 thousand tons of anthracite for Pridneprovskaya and Krivorozhskaya thermal power plants. (Ukrainian metal)
Mariupol Ilyich Iron and Steel Works has started assembling metal structures of the roof at the continuous casting machine No. 4 building. “Since the start of the construction over 1.5 thousand tons of metal structure columns and beams have been assembled”, the company CEO Yuri Zinchenko wrote on his Facebook page. The works has also…Details
On July 25 the Sea Trade Port Yuzhniy finished unloading coal from the Zhao Yang Feng vessel from the South African Republic. All the 75 thousand tons of coal have been unloaded in 50 hours, that is 9 hours swifter than the previous coal batch – in late May from Panamax Alexander. The average daily…Details
In January-June Lisichanskugol received 287.5 million UAH of net losses, down by 44.3% YoY, having increased its net earnings by 35.1%, to 94.1 million UAH. The prime cost of products sold totaled 419.5 million UAH. In 2015 the company received 1.097 billion UAH of losses, down by 32% YoY. In 2016 Lisichanskugol mined 196.5 thousand…Details
On July 21 Lvivugol received 20 million UAH for selling coal.
According to the press-service of the Lviv regional state administration, all the money will be spent to pay salary to the miners. In particular, miners will get 21% of their June salary. (Ukrainian metal)
Dneprovsky Iron and Steel Combine is preparing its converter shop for operation. In particular the work is being carried out at the converter No. 2 and the continuous casting machine No. 1. The steel- and pig iron pouring ladles have been heated, and the first pig iron will be poured on July 27. The rolling…Details
The Globex Bank, a part of VEB, has opened a credit line to the Belarus Iron and Steel Works in the amount of $40 million for 12 months. The bank and the works have signed three corresponding agreements. The parties have been cooperating for over 5 years. “We highly value our cooperation with one of…Details