This year Evraz intends to spend $800 million on capital expenditures and confirms 4 projects. The company is reviewing for major investment projects in Russia and North America valued at some $1.3 billion. They include the creation of the flat rolled metal manufacture at ZSMK, as well as a new 100-meter rails shop in Colorado.…Details
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In 2018 Metinvest enterprises paid 22.2 billion UAH to the budgets of all levels, up by 50% YoY. In particular, the group paid 11.1 billion UAH of profit tax, up by 76%. The payment of single social tax grew by 30%, to 3.1 billion UAH, and the individual income tax – by 22%, to 2.9…Details
In 2018 Ukraine exported 657 thousand tons of pipes valued at $737.8 million. This is the highest result in the past 4 years. In 2015 Ukraine exported 594.1 thousand tons of pipes valued at $576.4 million. Thus, in 2018 exports grew by 9.5% and by 21.8% from 2015 respectively. Last year Ukraine exported 624.9 thousand…Details
Standard and Poor’s has improved the long-term loan rating of Metalloinvest from BB/Stable to BB+/Stable. The rating improvement has to do with the company debt decrease and good operational and financial results shown in 2018. S&P has also improved the ratings of the Metalloinvest Finance DAC eurobonds from BB to BB+. (Ukrainian metal)Details
In 2018 Severstal sold 150 thousand tons of new types of products developed under the Product Innovations project. In particular, in late 2018 in less than a month a non-standard order was designed and produced for Severstal Steel Structures. Earlier several months would have been needed. The company produces roofing sheet and asked to make…Details
In 2019 Kyshtym Electrolytic Copper Plant will switch its copper electrolysis shop to the operation on the stainless steel matrixes. At present some titanium matrixes are used in the manufacture. The switch to stainless steel matrixes began back in 2015 with the commission of a new machine. At that time 9 thousand stainless matrixes were…Details
Under the program to protect environment Trubodetal is gathering manufacturing waste and submitting it for processing. Last year the company gathered 6.5 thousand tons of metal scrap. Apart form scrap, the company also submits for reuse and processing other waste: polyethylene, wood, and paper. The waste is gathered in special containers situated on the territory…Details
The net profit of the U.K.-based mining giant Evraz, which operates mainly in Russia, more than tripled to $2.47 billion in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 28. Consolidated revenue rose by 18.6%, to $12.836 billion. Consolidated earnings before interest, taxes, depreciation and amortization…Details
Since the start of its sinter shop operation, Chelyabinsk Iron and Steel Works has produced 150 million tons of sinter. The sinter manufacture provides the blast furnace shop with high quality ore concentrate. The ChMK started producing sinter in 1956. 100 million tons were manufactured in 2008. In 2015 ChMK commissioned a new sintering factory…Details
Since 2017 Revda Non-Ferrous Metals Processing Works and Kirov Non-Ferrous Metals Processing Works have been producing rolled metal of antimicrobial copper and copper alloys under the Cu+ mark. Harmful microorganisms die within 2 hours after landing on its surface. In order to test the efficiency of the method to fight bacterial and viral illnesses, UGMK-OTsM…Details
KAZ Minerals is starting preparations for the feasibility study of the Peschanka deposit development. The deposit is situated in the Chukotka Autonomous District. The feasibility study will be prepared by Fluor. The results will be presented in the first half of 2020. In January KAZ Minerals finalized the deal to purchase the Baimskoye copper project…Details
Bystrinskoye Mining Company LLC, developing the Bystrinskoye deposit of copper, iron and gold ores in Zabaikalye region, intends to process 8 million tons of ore in 2019. This year the company plans to produce 1 million tons of iron ore concentrate and 150 thousand tons of copper concentrate, up from 346 thousand tons and 77…Details
Sustainalytics, one of the key rating agencies of the ESG sphere, has increased Severstal rating from 54 to 70 points (of the 100 possible), giving it the 8th place among 42 metal companies all over the world. Severstal has also been awarded the “Advanced Company” title. This year Severstal intends to increase investments in environment…Details