Russia: Rusal net profit up in Q1 2017

In January-March Rusal increased its net profits by 48% YoY, to $187 million.

According to the company statement, its corrected EBITDA went up by 52.2%, to $475 million, earnings increased by 20%, to $2.297 billion.

Rusal aluminum output in Q1 decreased by 2.1% YoY, to 910 thousand tons. (Ukrainian metal)

Ukraine: AMKR busy implementing new grading salary payment system

On May 10, extensive discussion was held by Chief Executive Officer PJSC ArcelorMittal Kriviy Rih Paramjit Kahlon and Management Committee with the head of Trade Union Yuriy Bobchenko on finding a solution in overall improvement of conditions at work places and discussion on the various matters related to new labor collective agreement and salary increase…


Ukraine: AMKR top management on rally of the employees

PJSC ArcelorMittal Kriviy Rih recognizes the right of the employees for public expression of their point of views. The top management of PJSC ArcelorMittal Kriviy Rih is taking all possible actions to provide the employees with the maximum support during the tough period of changes for metallurgical industry and for Ukraine. As a result of…


Ukraine: Zaporozhogneupor refractory output up in April 2017

In April Zaporozhogneupor produced 8222 tons of refractories, up by 25% YoY.

In particular chamotte wares output increased by 14%, magnesia wares by 43%, and high-aluminous wares by 14%.

In January-April Zaporozhogneupor exceeded its target by 1%, having increased refractory output to 32444 tons from 32182 tons in January-April 2016. (Ukrainian metal)

Russia: ChMK demanding 19 million rubles from ChKPZ

Chelyabinsk Iron and Steel Works, a part of Mechel, demands the payment of 18.9 million rubles from Chelyabinsk Forge-and-Press Works, owned by the State Duma deputy Valeriy Gartung and his family, and has filed a claim to the arbitrary court.

In February ChKPZ received two claims from ChMK for over 19 million rubles. (Ukrainian metal)

Russia: Staltrans opens new warehouse

Because of the sales growth and to improve servicing Staltrans decided to increase stock capacity and open a new warehouse in Podolsk, Moscow region. The new warehouse will service the company customers in the Central district, as well as other Western parts of Russia. Staltrans also sells metal wares directly from major works and from…


Ukraine: AMKR employees to go on hunger strike

Employees of ArcelorMittal Kriviy Rih went on strike. They demanded to speak with the CEO Paramjit Kahlon by Skype. But, according to administration, Kahlon was away in London. “Paramjit Kahlon suggested creating a working group by May 19 to settle the matter of the salary. Please, don’t politicize the situation”, the deputy CFO Igor Kublitsky…


Ukraine: more miners join Kriviy Rih strike

Miners of Krivoy Rog Iron Ore Industrial Complex, ArcelorMittal Kriviy Rih and Evraz Sukhaya Balka are still striking, demanding the increase of salary. According to the chairman of the Independent Miners Union of Ukraine Mikhail Volynets, miners’ wives together with children and other relatives have blocked railroad and stopped sales. At AMKR over 300 miners…


Russia: MMK net profits up in Q1 2017

The net profits of Magnitogorsk Iron and Steel Works in January-March increased by 53.5% YoY, to $241 million.

According to the company statement, earnings increased by 58.1% YoY because of the higher sales prices (by $249 per ton, or by 76.8%).

EBITDA grew by 106.4%. (Ukrainian metal)

Ukraine: pellets exports in Q1 2017

In January-March Poltava Mining and Processing Works, a part of Ferrexpo, exported 2.527 million tons of iron ore pellets. Ukrainian pellets went to Europe and the Near East, as well as Japan, China and Korea. At the same time Karelsky Okatysh exported 1.459 million tons of pellets, Lebedinsky GOK – 996 thousand tons, Mikhailovsky GOK…


Russia: Stoylensky GOK gets new gyratory crusher from Uralmashzavod

The contract for the new gyratory crusher was concluded after the Uralmashzavod specialists checked the crushing machinery at the processing factory of the Stoylensky Mining and Processing Works. The new machine will replace a similar one, produced by Uralmashzavod and delivered in 1983. The crusher has already been tested and supplied to the GOK. (Ukrainian…