Last year metal-processing enterprise SIA Jensen Metal situated in the Liepaja Special Economic Zone increased revenue by 276.2% YoY, to EUR 29.286 million. The company profit grew by 57.8%, to EUR 4.567 million. Sales in Latvia totaled EUR 227 thousand, as most of the products were exported. In 2017 Jensen Metal received EUR 23.2 million…
DetailsUkrzaliznytsia (Ukrainian Railways) is auctioning another batch of scrap via the Prozorro.Sales – the company is offering 12 lots with the combined weight of over 73 thousand tons. The initial price is almost 379 million UAH, but the company intends to receive at least 400 million UAH. The auctions will be held in August. The…
DetailsIn January-July Ukraine produced 12.7 million tons of steel and 10.9 million tons of rolled metal, up by 4% and by 2% YoY respectively. Pig iron manufacture dropped by 0.2%, to 11.9 million tons. In July steel output went up by 8% MoM, to 1.8 million tons, rolled metal – by 1%, to 1.5 million…
DetailsRepresentatives of Hermith GmbH – Hermith Rus CEO Natalia Chernenko and the chief technical officer Sergey Altynbayev – have discussed further cooperation with the managing director of Zlatoust Electrometallurgical Works Alexander Yefimushkin and director of reconstruction and development Andrey Lyska. In particular, the parties discussed the issues of titanium products manufacture for European and other…
DetailsIn 2018 Borisovka Bridge Metal Structures Works named after Sklyarenko increased net profit by 16.2% YoY, to 596 million rubles. Revenue grew by 8%, to 5.3 billion rubles, and gross profit by 7%, to 1 billion rubles. The company is one of the major manufacturers of steel bridges in Russia. As a result of the…
DetailsIn July Beloretsk Iron and Steel Works increased sales of certain types of metal wares. All in all in a month BMZ sold over 39 thousand tons of metal wares. The sales of low-carbon welding wire for the manufacture of electrodes and steel shaped sections for the manufacture of fasteners for car industry increased by…
DetailsIn January-June Ksenievsky Priisk, operating in Zabaikalye region, received 321.895 million rubles of net profit, up 6-fold YoY. Revenue grew by 145.5%, to 1.362 billion rubles, and sales profit – 4.3-fold, to 447.538 million rubles. As of June 30, the company has increased gold output by 45.1% YoY, to 469.27 kg. This year it plans…
DetailsRussian steelmaker Severstal sold more than 3,000 polymer-coated rolled metals under the Steel Silk and Steel Velvet brands to the E.U. clients in January-July, the company said in a statement on August 15. The company did not sell these brands of rolled metals to the E.U. last year, and it had to ensure compliance with…
DetailsPrime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev during his working trip to Jalal-Abad region took part in the ceremony of opening Kichi-Chaarat concentration plant in Chatkal district, the Information Support Department of the Government’s Office of the Kyrgyz Republic reported. Kichi-Chaarat CJSC, established in 2008, is located in the rural district Kanysh-Kiya of Chatkal district. Upon…
DetailsLydian International Limited announced that the company was “relieved” and “heartened” after the release of a report on the environmental audit conducted by “Earth Link & Advanced Resources Development” on the Amulsar Project. Edward Sellers, Interim President & CEO of Lydian, commented: “We are relieved that the Audit Report has been made public, as the…
DetailsIn July Ukraine increased iron ore and concentrate exports by 75.7% MoM, to $391.8 million. According to the customs statistics, export volumes grew by 16.2%, to 3.5 million tons. In January-July exports totaled 23.3 million tons at $2.09 billion. The share of iron ore raw materials in the total export was 7.28%. China (27.07%), Poland…
DetailsIndustrial output in January-July in Kazakhstan grew by 2.7% YoY.
Non-ferrous ores mining increased by 17.2% and iron ore by 1.5%.
Coal exports went up by 1.9%, to 15.8 million tons.
Non-ferrous metallurgy saw an 8.1% growth in output and ferrous metallurgy – 94%. (Ukrainian metal)
Mechel-Service has filed bankruptcy suits to Ak Bars and its subsidiary Ak Bars Metal. The amount of suit to each company is less than 6.2 million rubles. The Ak Bars assets cost amounts to 5 billion rubles, and the net profit in 2018 was 5 million rubles. Ak Bars Metal net profit last year was…
DetailsBystrinsky Mining and Processing Works has received a Rostechnadzor statement of conformity on its 10 stages of construction. Other 12 stages are being studied by the service. The commission plan of the works envisions 49 stages. So far conformity statements have been given for two quarries – Verkhne-Ildikanskiy and Bystrinsky-2, as well as road infrastructure.…
DetailsVorkutinskaya mine of Vorkutaugol has started working on a new long face. The face 712 is situated in the Troynoy layer, and its deposits amount to 800 thousand tons of coking coal. The long face is expected to be in development until May 2020. The transition from the previous long face to the new one…
DetailsUkrmetallurgprom believes that in September 1.85 million tons of steel will be produced in Ukraine. According to the enterprise information, pig iron output would be 1.75 million tons and rolled metal – 1.65 million tons. As of August 13, 17 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 14 out of 16…
DetailsIn July Ukraine procured 192 thousand tons of scrap, down by 41% MoM. All the scrap procured was supplied to the domestic metal enterprises. No scrap was exported. In 7 months of 1.918 million tons of scrap procured (down by 12% YoY) domestic companies received 1.881 million tons (down by 1%), while 37 thousand tons…
DetailsIn July Ukrainian metal companies consumed some 220 million cubic meters of natural gas, up by 47% MoM. In 7 months gas consumption grew by 3% YoY, to 1.11 billion cubic meters. Metal companies also consumed 950 million kW-h of electricity, on par with June, and in January-July – 6.75 billion kW-h, down by 2%…
DetailsUS-Group has addressed the office of the president of Ukraine and the Ministry of Justice asking to protect it from a raider takeover carried out by an illegal re-registration of ownership rights in the state registry. The illegal change of ownership was carried out on July 18. The changes in the state registry were made…
DetailsIn January-July seaports of Ukraine increased metal and mining cargo transportation. In particular, the transportation of ore grew by 29.5% YoY, to 20.15 million tons, while that of ferrous metals dropped by 2.1%, to 9.63 million tons. According to the Ukrainian Associations of Seaports, rolled metal transportation increased by 1.2%, to 6.14 million tons, and…
DetailsIn January-July industrial prices in Ukraine grew by 8.1% YoY, including domestic prices by 9.6% and export prices by 1.6%. According to the Service of State Statistics, the prices in metallic ore mining increased by 14.5%, including by 3.8% locally and by 24.7% for exports. At the same time, in metal manufacture prices dropped by…
DetailsKamensk-Uralsky Non-Ferrous Metals Processing Works has been named the Exporter of the Year in the Urals Federal District in two nominations – Exporter of the Year in industry and New Geography. 200 companies participated in the event, with 46 from Sverdlovsk region. Having won at this stage, KUZOTsM will compete with winners of other federal…
DetailsDneprovsky Iron and Steel Combine is continuing its capital repair of machinery, having spent, in particular, 17 million UAH on the repair of the AKAR-40/35 air separator unit in the oxygen-compressor shop. The repair started in July, and is still underway. The machine will be put into operation in late August. At the same time…
DetailsRussian state industrial corporation Rostec has left the Tomtor rare earth metals field it has been developing jointly with ICT Group of Alexander Nesis since 2013. Rostec transferred its 25% plus one share in the field’s developer ThreeArc Mining to Cyprus-registered Zaltama Holding Ltd, affiliated with Oleg Misevra, chairman of the board of directors of…
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