Ukraine: ferrous metals export revenue down in January-April 2019

In January-April, Ukraine received $3.18 billion from the exports of ferrous metals, down by 8.8% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.44% of the total exports as opposed to 22.57% last year. In April revenue from the exports of ferrous metals totaled $764.49 million. In 4 months Ukraine decreased ferrous…


Belarus: BMZ borrows from Russian bank

Belarus Iron and Steel Works has borrowed 5 million euro and $8 million from Novikombank, Russia.

The funds are provided to purchase raw materials among other things.

The parties have been cooperating since 2012. (Ukrainian metal)

Russia: Polyus Aldan produces 2 tons of gold

As of May 3, Polyus Aldan has produced 2 tons of gold, almost 10 days earlier than last year.

The company is able to extract 70% of gold from ore with low gold content.

This year Polyus Aldan will turn 95. (Ukrainian metal)

Russia: MMSK modernizing rolling stock

The iron ore shop of the Mednogorsk Copper-Sulfur Works has received a new locomotive, assembled at the Shadrinsk Auto-Aggregate Works. The works started manufacturing such locomotives in early 2018. This is the fifth locomotive purchased by the MMSK to modernize its rolling stock. In 2014-2018 the works has modernized 4 locomotives. One more will be…


Ukraine: Kremenchug Metal Wares Works profits in 2018

In 2018 Kremenchug Metal Wares Works received net profit of 417 thousand UAH as opposed to net loss of 14 thousand UAH in 2017.

The company net income grew by 10%, to 27.207 million UAH.

Undistributed profit totaled 4.257 million UAH. (Ukrainian metal)

Russia: Fitch improves Metalloinvest ratings

Fitch Ratings has improved Metalloinvest ratings to BB+ with stable outlook from BB positive. The move reflects the strong operational profile of the company with the strategic focus on high-added value products, competitive position, considerable liquidity, and increase of financial indexes, as well as takes into account of the company progress in improving corporate management.…


Ukraine: EMSS ships hammer frame to Germany

Energomashspetsstal has shipped a large hammer frame to Germany.

The frame was shipped under the contract with LASCO Umformtechnik GmbH.

The weight of the frame is 61 tons.

This is the 17th hammer frame produced by EMSS for LASCO Umformtechnik GmbH.

The next frame will be shipped in October. (Ukrainian metal)

Russia: Susumanzoloto profit down on 2018

In 2018 Susumanzoloto, extracting gold in Murmansk region, decreased net profit by 30.1% YoY, to 1.261 billion rubles.

Revenue grew by 21.05%, to 16.217 billion rubles, including 16.075 billion from the sale of gold.

The company sold 6072.9 kg of gold last year as opposed to 5415 kg in 2017. (Ukrainian metal)

Ukraine: PGOK income up in 2018

In 2018 Poltava Mining and Processing Works increased net income by 10.3% YoY, to 22.472 billion UAH.

Net profit grew by 22.8%, to 5.237 billion UAH.

EBITDA went up by 0.7%, to 6.076 billion UAH.

Undistributed profit totaled 6.537 billion UAH. (Ukrainian metal)

Ukraine: Marganets GOK profit down in 2018

In 2018 Marganets Mining and Processing Works received 163.2 million UAH of net profit, down 5-fold YoY.

EBITDA decreased 4.9-fold, to 203.387 million UAH.

Last year MGOK received 3.109 billion UAH of net profit, down by 15%.

Undistributed profit totaled 698.543 million UAH. (Ukrainian metal)

Ukraine: manganese ore imports up in Q1 2019

In January-March, Ukraine increased manganese ore imports by 50% QoQ, to 360 thousand tons.

In particular, Ghana supplied 76% of the ore (275.6 thousand tons), Russia – 16%, or 56.8 thousand tons and Georgia – 8%, or 28.5 thousand tons. (Ukrainian metal)