In 2018 Chelyabinsk Iron and Steel Works received 4.276 billion rubles of net profit, down by 21% YoY. In 2017 the net profit was 5.4 billion rubles, while in 2016 – 15 billion rubles. Revenue in 2018 grew by 5%, to 124.27 billion rubles. Sales profit increased from 7 billion rubles to 13 billion rubles.…
DetailsThe Siberian Mining and Metallurgical Alliance (SiGMA) has suspended the manufacture of gold at the Ozernovskoye deposit for 2 months. The deposit is situated in Kamchatka region. The suspension of the operation has to do with the need to reconstruct the gold-extracting factory with the capacity of 60 thousand tons. The factory was commissioned in…
DetailsIn 2018 Chelyabinsk Iron and Steel Works increased sales of stainless steel sheet by 40% YoY, to 5.7 thousand tons. The company sells rolled sheet to major enterprises of the nuclear, machine-building, chemical and other industries. The sheet is made of special steels and alloys. This year ChMK intends to further increase sales and expand…
DetailsThe Moscow Exchange plans to exclude common shares of the Russian metals and mining group Mechel from the lists of its main indices staring from March 22, the bourse said in a statement on February 27. “The Moscow Exchange has announced today the results of a quarterly review for the MOEX indices. All changes were…
DetailsThe Department of the domestic market protection of the Eurasian Economic Commission has initiated another antidumping investigation of the delivery of forged steel rolls for metal-rolling mills originating from Ukraine. The investigation has been initiated because the antidumping measures have expired. The basis for the investigation is that in January-September 2018 deliveries of Ukrainian rolls…
DetailsAt public hearings, ArcelorMittal Kriviy Rih presented EIA reports on two investment projects – reconstruction of water pipeline for supply of process water to OBP-1 and construction of cooling tower for cooling of water in recirculation system of GCP-5 of BF-9. Public hearings are held under procedures specified in the law “On Environment Impact Assessment”.…
DetailsThis year work will start on the largest tin deposit Syrymbet. Tin Yan Mining, the investor company, has confirmed that the excavation will start in May. Investment in the project this year will total 4 billion tenge. The project will be completed in 2021 with the total volume of investment of 100 billion tenge. (Ukrainian…
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