In January Metinvest B. V. (the Netherlands) decreased revenue by 7%, or by $68 million MoM, to $900 million. EBITDA grew by 22.3%, to $126 million. The metal division EBITDA dropped by $9 million, to $18 million, while that of mining division – by $14 million, to $99 million. Consolidated revenue of the metal division…Details
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In 2019 ArcelorMittal Kriviy Rih intends to increase rolled metal output by a quarter YoY, to 5.3 million tons. “First of all, we need to restore pig iron output to the previous level – some 5.6 million tons per year, after that we will be able to increase rolled metal output to 5.3 million tons”,…Details
The Antimonopoly Committee of Ukraine has postponed the review of the issue of Metinvest buying over 50% in Dneprovsky By-Product Coke Plant. The Committee had to review the issue on April 11. In 2017 Evraz Dneprodzerzhinsk By-Product Coke Plant changed its name to Dneprovsky By-Product Coke Plant. (Ukrainian metal)Details
Severstal – Bar Works Balakovo is carrying out an investment project to construct a new machine – a press to briquette metal shavings. The construction began in 2018. Machinery was supplied by ATM, Austria. The cost of the project is 145 million rubles. The line will yield 40 thousand tons of shavings briquettes per year…Details
Chelyabinsk Iron and Steel Works has won a tender to supply rails for the Moscow Subway. The works will produce 23.5 thousand tons of rails to be used for the reconstruction of the existing railways and for the construction of new. The first delivery is scheduled for May. ChMK produces 100-meter long rails. Since 2014…Details
Interpipe Holdings Limited (Cyprus) could issue bonds valued at $330 million, with interest rate of 10.25% and maturity until December 31, 2024. The issue will be discussed at the Interpipe NTZ shareholders meeting scheduled for April 25. The company is expected to act as a guarantor of Interpipe Holdings Limited. The notes are expected to…Details
In January-March Belarus Iron and Steel Works increased exports by 131% YoY, to 554 thousand tons, valued at $310 million, up by 112%. Exports geography grew by 2 countries, to 50. The share of the European countries, Near East and Africa increased, while that of US dropped. (Ukrainian metal)Details
The state enterprise Volynugol has lost 12.6 million UAH by buying 60% of a hotel in the town of Truskavets in 2007. Since then, the hotel has never been used by miners. In December 2007 Volynugol paid 12.6 million UAH to Firma Galbud LLC for 100% in Renesans LLC. Thus the enterprise has purchased 60%…Details
Zakhistprom Trade LLC has concluded 4 agreements on the delivery of mining rescue equipment valued at 50.34 million UAH. In particular, the company received orders for 22.61 million UAH from the state enterprise Pervomayskugol, 19.09 million UAH from Lisichanskugol, 5.22 million UAH from the Yuzhnodonbasskoye No. 1 Mine Group and 3.42 million UAH from Toretskugol.…Details
In January-March, Ukraine decreased nickel ore and concentrate imports by 13.8% YoY, to 266.653 thousand tons valued at $12.696 million, down by 13.7%. According to the State Fiscal Service, Guatemala accounted for 60.62% of supplies and Indonesia – for 39.38%. In 3 months Ukraine neither exported nor re-exported nickel ore and concentrate. (Ukrainian metal)Details
Precious metal prices decreased in Azerbaijan on April 12. In particular, the price of gold dropped by 24.463 manats, to 2,197.9555 manats per ounce compared to the price on April 11. The price of silver went down by 0.4093 manats, to 25.4731 manats per ounce. The price of platinum decreased by 20.604 manats, to 1,519.97…Details
In January-March, Ukrainian metal companies decreased natural gas consumption by 10% YoY, to 460 million cubic meters. In March consumption grew by 3% MoM, to 150 million cubic meters. Electricity consumption in Q1 totaled some 2.920 billion kW-h, down by 4% YoY. In March, Ukrainian metal companies consumed 1 billion kW-h, up by 10% MoM.…Details
In 2018 Stalkanat-Silur received 160.18 million UAH of net profit, up by 7.6% YoY. EBITDA grew by 17.5%, to 174.96 million UAH. Net income increased by 29.2%, to 2.44 billion UAH. Uncovered losses amounted to 413.66 million UAH, down from 557.17 million UAH. (Ukrainian metal)Details