In December 2019, Russia exported 208 tons of rolled copper, up by 9% MoM, but down by 24% YoY. Price grew from $7 to $7.4 per kg. Deliveries to Belarus increased from 107 tons to 117 tons, and to Kazakhstan – from 16.7 to 29 tons. At the same time Ukraine decreased purchases by 20%,…
DetailsIn January, Russia imported 109.7 thousand tons of manganese ore and concentrate, up by 26% MoM and by 63% YoY. Price was $200 per ton. Deliveries from South Africa dropped by 14%, to 63.6 thousand tons, but from Ghana grew 5-fold, to 39.5 thousand tons, and from Kazakhstan – from 4.7 thousand tons to 6…
DetailsIn 2019, Irkutsk Aluminum Works manufactured 421,967 tons of goods, up by 2.4 thousand tons from the plan. Value-added products accounted for 68% of the output. Wire rod manufacture totaled 150.9 thousand tons. It is mainly supplied to the cable plants. Alloys output was on the level of 125 thousand tons. IrkAZ produces ingots of…
Details6.9 thousand tons of sheet pile Larsen produced at Evraz NTMK have been used in the construction of large infrastructure objects in the Russian North. Metal was delivered by Evraz Metal Inprom. In particular, 1.8 thousand tons were used in the construction of the Center for large-tonnage sea structures in Murmansk region. 2.5 thousand tons…
DetailsIn 2019, Raspadskaya received $208 million of net profit, down 2.15-fold YoY. Revenue dropped by 8.2%, to $996 million. Gross profit fell by 18.6%, to $494 million. At the same time the group increased coal output by 1%, to 12.8 million tons. (Ukrainian metal)
DetailsOn March 1, 2017, the occupational authorities of the self-proclaimed Lugansk and Donetsk People’s Republics, terrorist organizations created and supported by Russia, decided to transfer all the companies on the territory controlled by them to the so-called external management. As a result, Donetsk Iron and Steel Works (DMZ), Donetskstal Iron and Steel Works, parts of…
DetailsIn 2019, 5 gold deposits were discovered in the Republic of Sakha (Yakutia) in 2019. The deposit at the Tuora-Tas Brook holds the largest reserves – over 1.3 tons. The license to develop it belongs to Vostoc LLC. Dokhsun LLC estimated the reserves of the deposit at the Kener-Sala Brook at 370 kg. Three more…
DetailsElkonskiy Iron and Steel Works has purchased a license to develop and extract gold at the Sovinoye deposit. The cost of the license is 24.2 million rubles. The reserves of the deposit are estimated at 10 tons of gold with the average content of 10 g per ton. The Sovinoye deposit is situated in Chukotka…
DetailsIn 2019, Russia produced 207 thousand tons of zinc, while the consumption was 260-280 thousand tons. Thus, zinc shortage reaches 50-70 thousand tons. Kazakhstan supplies 14.84% of zinc and Uzbekistan – 2.8%. Under such conditions Chelyabinsk Zinc Works intends to increase zinc and alloy capacities. This year it is planned to produce 214 thousand tons…
DetailsNLMK-Kaluga Electrometallurgical Works has produced 5 million tons of rolled metal. The company produces some 20 types and sizes of bars and shapes. The main customers are construction companies, mostly from Moscow and Moscow region. At present NLMK-Kaluga produces steel angles (25×4 mm, 40×4.5, 50×4-5, 63×5-6, 75×5-9, 90×6-8 and 100×7-8 mm) and channels (50, 65,…
DetailsIn January-February, Interpipe Steel increased steel output by 4.8% YoY, to 138.2 thousand tons. In February, the company produced 72.9 thousand tons of steel, up by 11.6% MoM. Last year Interpipe Steel increased steel output by 4.2% YoY, to 854.5 thousand tons. (Ukrainian metal)
DetailsMechel is mulling the sale of Elga coal complex as a part of planned debt restructure. The company has been negotiating with a potential buyer since January. So far, no legally binding agreements have been concluded. In late January, it was reported that Yota wanted to buy the Elga coal deposit from Mechel and Gazprombank.…
DetailsDue to the threat of the coronavirus infection (COVID-2019) spread and in line with the new provisions of Russian laws stipulating the possibility of holding Annual General Shareholders’ Meetings in 2020 by absentee voting, NLMK’s Board of Directors has resolved to hold the NLMK AGM on 2019 results on April 24 in the format of…
DetailsThe net profit attributable to shareholders of the Russian metals and mining group Mechel dropped by 81%, to 2.409 billion rubles in 2019, as calculated under International Financial Reporting Standards (IFRS). Consolidated revenue decreased by 5%, to 296.567 billion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) went down by 29%, to 53.428…
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