The net profit attributable to shareholders of Russian metals and mining group Mechel soared to 6.304 billion rubles in July-September, as calculated under International Financial Reporting Standards (IFRS). Revenue fell by 3% QoQ, to 79.965 billion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased by 17%, to 19.206 billion rubles. In January-September…Details
In January-September Metalloinvest increased net profit by 14.3% YoY, to $1.245 billion.
Revenue grew by 17.3%, to $5.342 billion and EBITDA – by 41.4%, to $2.183 billion.
The net debt/EBITDA ratio decreased to 1.3x from 1.9x as of December 31, 2017.
Capital expenses dropped to $320 million from $335 million. (Ukrainian metal)
Metal companies of Metinvest are operating in usual mode and will not adjust their manufacturing plans. “We don’t see any reason to adjust our short- or mid-term business plans”, the group said. The ships have once again started passing the Kerch Strait. In case there are problems there, the logistics routes will be “switched to…Details
In January-October Ukraine increased output of ferrous pipes by 7.6% YoY, to 941.6 thousand tons, including 97.5 thousand tons produced in October. Ukrtruboprom association enterprises produced 677.8 thousand tons of pipes, up by 16.7% (68.3 thousand tons in October). Khartsyzsk Pipe Works, situated on the Russian terrorists-controlled lands, was idle. Interpipe-NTZ produced 240.9 thousand tons…Details
In 2019 Belarus Iron and Steel Works intends to increase rebars and wire rod sales to the Republic of Senegal in 2019. This year exports are expected on the level of 3 thousand tons. Africa accounts for 8.4% of BMZ exports. In 10 months the company has exported $89.5 million worth of metal to Africa,…Details
Cherepovets Iron and Steel Works has commissioned the blast furnace No. 2 after capital repairs.
Investments in the repair totaled 1.3 billion rubles.
The repair will ensure stable operation of the blast furnace in the next 10 years.
The repair work lasted for 37 days. Some 280 specialists worked there daily. (Ukrainian metal)
Mariupol Ilyich Iron and Steel Works has mastered the manufacture of rolled coils and plates made of a new steel grade. The 38MNB5 grade steel has improved wear-resistance, durability and pressure resistance. This steel is used in the manufacture of agriculture machinery. This year Metinvest has already sold 2 thousand tons of such metal to…Details
In October ZSMK shipped 439.3 thousand tons of metal via railroad, down by 22.4% YoY.
In 10 months sales grew by 1.2%, to 5.22 million tons.
Domestic customers received 1.62 million tons, down by 6.4%, while exports grew by 5.1%, to 3.6 million tons. (Ukrainian metal)
In October Chelyabinsk Iron and Steel Works decreased sales by 7.9% YoY, to 234.8 thousand tons.
According to the railroad statistics, in January-October it sold 2.63 million tons of metal, down by 3.5% YoY.
Domestic customers received 2.26 million tons, down by 6.2% YoY, and foreign – 370 thousand tons, up by 17.1%. (Ukrainian metal)
In January-October Ferrexpo exported 8.41 million tons of iron ore pellets. In particular, Poltava GOK exported 6.3 million tons of pellets and Yeristovo GOK – 2.11 million tons. Metinvest exported 4.44 million tons of pellets, with 1.925 million tons exported by CGOK and 2.516 million tons by SevGOK. Karelsky Okatysh (Russia) shipped 4.438 million tons…Details
The mining-metallurgical company Fincraft Resources has concluded a deal to consolidate 22% of Petropavlovsk plc shares by buying Fincraft Holdings Ltd.
The amount of the deal is not disclosed.
Fincraft Holdings Ltd (Cyprus) bought 22.42% in Petropavlovsk in late 2017. (Ukrainian metal)
In October Severstal – Bar Works Balakovo sold 71.5 thousand tons of steel products, down by 22% YoY. The plant set a record in output of 74.5 thousand tons per month in May. In January-October the company shipped 705.7 thousand tons of steel via railroad, up by 20% YoY. Local customers received 608.6 thousand tons,…Details
The coal production of Russian metals and mining group Mechel fell by 8% YoY, to 14.472 million tons in January-September, the company said in a statement on November 27. Steel output shrank by 7% YoY, to 2.976 million tons in the period, and cast iron production went down by 8%, to 2.817 million tons. Sales…Details
Precious metal prices mostly decreased in Azerbaijan on November 27, according to the data published by the Central Bank. The price of gold dropped by 5.4825 manats, to 2,077.349 manats per ounce on November 27 compared to the price on November 26. The price of silver fell by 0.1821 manats, to 24.2114 manats per ounce.…Details
Dzhumadilde uulu Muradil has been elected a member of the board – Deputy Chairman of the Board of Kyrgyzaltyn OJSC for Economics, Finance and Investments, press service of the company reported. The decision was made by the Board of Directors on the basis of a recommendation from the State Committee on Industry, Energy and Subsoil…Details
Kyrgyzkomur state-owned enterprise explained accumulation of vehicles at Kara-Keche field by high demand for coal, press service of the enterprise reported. It is noted that only Kyrgyzkomur has a sorting room at the field. “People want to take selected coal. Other enterprises have lower capacity; their fuel is dusty. We work around the clock. Four…Details
This season Sakhalin has extracted 63 kg of alluvial gold. The only team operating at the sites is Vostoc-2. This year the goal was 70 kg of gold. Because of the low gold content in the sand the team failed to reach the goal. Last year Vostoc-2 yielded 64 kg of gold. Next year the…Details
Khiagda has received new KamAZ shift automobiles. They will be used to transport employees from the settlement to the industrial objects and deposits. To carry out repair works at pipelines, assemble and disassemble pumps and for loading and unloading the company has bought an Ivanovets truck crane. Next year Khiagda will continue replacing its old…Details
Severstal has purchased 100% of Yakovlevsky Mining and Processing Works shares for 7.89 billion rubles. Their major part was received as part of the debt payment from Metal-group LLC. In July 2017 Severstal bought out the LLC debt to Gazprom. In 2018 Metal-group was declared bankrupt. Severstal will continue developing Yakovlevsky GOK. This year ore…Details
Evraz has purchased a vertical boring machine with the well diameter of 2.4 meters. This is the first time when such machinery will be used in Russia. The machine will be operating at Raspadskaya mines. Trial boring will be carried out at the Yerunakovskaya-VIII mine. First, a pilot well with the diameter of 279 mm…Details
The repair shop of Gaysky Mining and Processing Works has used more than 200 tons of metal to produce metal structures to reinforce shafts of its two mines – Skipovaya and Ekspluatatsionnaya. Almost all the main metal structures have been produced at the works. All in all for the Ekspluatatsionnaya mine 137 units of tiers…Details