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In 2018 Electrozinc received 85.4 billion rubles of net losses as opposed to 197.7 million rubles of net profit in 2017. At the same time in 2015 and 2016 the works also saw losses – 895 million rubles and 9 million rubles respectively. Revenue last year dropped by 8% YoY, to 4.54 billion rubles. Sales…
DetailsIn 2018 Revda Non-Ferrous Metals Processing Works received 170.3 million rubles of net losses, up from 10.8 million rubles in 2017. The company revenue grew by 1%, to 3.47 billion rubles. Sales profit was negative, with losses at 28 million rubles, as opposed to the profit of 50 million rubles in 2017. (Ukrainian metal)
DetailsIt has been three years since the commissioning of the polymer-coating unit No. 5 at the Lysvensky Metallurgical Plant, which currently manufactures products with decorative designs under the SteelArt brand. These products consist of a metal base with a three-layer polymer coating, which accurately imitates the look and feel of natural materials such as stone,…
DetailsNLMK Group announces the start of the third stage of its annual Steel Tree grant programme, which offers funding for environmental projects, landscaping and welfare improvement initiatives. In 2019, company employees in all major home regions in Russia will have an opportunity to compete for grants. The programme was launched in early 2017 and enabled…
DetailsRussian aluminum giant Rusal has resumed supplies to the U.S. market and aims to win back customers it lost due to sanctions by about September when the industry seals supply contracts for 2020, its chief executive Evgenii Nikitin said. Last autumn, Rusal, the world’s largest aluminum producer outside China, missed the traditional window for contracting…
DetailsThe economic effect from introducing cost-saving measures in the Belarusian steel mill BMZ totaled $118.6 million in 2018 or over 9% of the prime cost of the products the company makes. The figures were mentioned by the company’s Director General Anatoly Savenok at a performance review conference of the company’s trade union. According to the…
DetailsKazakh hardware production plant Kaz-Metiz plans to increase production and sales by 50% YoY in 2019. In 2018, Kaz-Metiz increased its high carbon steel products output by 14.5%, to 23,923 tons (20,887 tons in 2017). “40% of the products are exported to Kyrgyzstan, Uzbekistan and Russia. We plan to expand the geography of exports to…
DetailsIn March, Ukraine produced almost 2.7 million tons of coal, up by 4% from the target, the Coal Miners Union of Ukraine reported with a reference to the data provided by the Energy and Coal Industry Ministry. “In March, coal mining enterprises of Ukraine of all forms of ownership produced 2,663,396 tons of coal. The…
DetailsIn January-February Kazakhstan mined 15 thousand tons of lead, up by 8.7% YoY. Lead concentrate mining grew by 18.7%, to 57.1 thousand tons. Lead-zinc ores mining dropped by 13.6%, to 844.5 thousand tons. Raw lead manufacture increased by 11.2%, to 26.4 thousand tons. In 2018 Kazakhstan exported 126.1 thousand tons of raw lead, up by…
DetailsGranit LLC, extracting alluvial gold in Zabaikalye region, has increased its output plan for this year to 60 kg. Last year the enterprise yielded 85 kg of gold with the initial plan of 54 kg. This year Granit will operate at two sites – Dedushkina Padushka and at the Davenda River. In 2017 gold output…
DetailsEvraz NTMK has supplied over 3 thousand tons of flanged beams for the construction of the shopping mall “Grozny Mall”. In particular, flanged beams with the length of 6.5 to 12.5 meters made of vanadium-alloyed steel were produced. The company beam shop can produce over 300 types of beams. This year the company intends to…
DetailsTaganrog Iron and Steel Works has mastered the non-stop changes of the tundish ladles at the site of the continuous casting of 400-mm diameter steel billets. This has allowed increasing daily output by 10%. Tagmet has been using the continuous casting technique since 2006. In 2013 it started implementing non-stop switching tundish ladles. Previously this…
DetailsIn March Zaporizhstal produced 356 thousand tons of steel, down by 0.1% YoY. Pig iron output grew by 5.9%, to 387 thousand tons, while that of rolled metal dropped by 5.2%, to 296 thousand tons. In January-March Zaporizhstal produced 1.115 million tons of pig iron, 1.028 million tons of steel and 805 thousand tons of…
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