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…
DetailsIn 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)
DetailsMetal 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…
DetailsIn 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…
DetailsIn 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,…
DetailsCherepovets 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)
DetailsMariupol 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…
DetailsIn 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)
DetailsIn 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)
DetailsIn 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…
DetailsThe 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)
DetailsIn 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,…
DetailsThe 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…
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