In 2019 Vorkutaugol will increase investments in development by 18% YoY, to 6.2 billion rubles. Most of the funds – 2.7 billion rubles – will be spent to replace outdated mining and processing machinery, as well as cargo and passenger transport. The construction of the ventilation shaft No. 4 at the Zapolyarnaya mine, the ventilation…Details
In 2019 the demand for Russian steel will be weak.
“Construction volumes are not large, so, we believe the market will remain on current levels”, Severstal deputy CFO Alexei Kulichenko said.
According to Severstal estimate made in November 2018, the growth of the local demand for steel in 2018 was 1.1%. (Ukrainian metal)
In 2018 Primorsky Mining and Processing Works extracted 267 thousand tons of tungsten ore. The mining company AIR extracted 2574 tons of tungsten and copper concentrate. The results are up by 6% and 15% YoY respectively. Primorsky GOK sold 840 million rubles worth of ore last year, up 1.5-fold, and AIR – 3 billion rubles,…Details
In 2018 Izhstal sold over 63 thousand tons of metal to local machine-building enterprises, up by 22% YoY. The company mostly supplies stainless, heat-resistant and corrosion-resistant steel for the manufacture of various spare parts and machines, as well as springs and bearings. “Machine-builders are our traditional customers. Their share last year was 26%”, the company…Details
Metinvest has finalized the deal to buy Unisteel LLC in Kriviy Rih. “We expect the company to manufacture new products – the so-called structure rolled metal with the thickness of over 1.6 mm to be used in construction”, Metinvest-SMC CEO Dmitry Lippa said. Unisteel can also produce thinner rolled metal – 0.45 mm. The works…Details
Output of thermal and coking coal in Ukraine in 2018 increased by 0.9% YoY, from 33 million to 33.29 million tons. State-owned coalmines during the reporting period extracted 4.14 million tons of coal, according to the Ministry of Energy and Coal Industry of Ukraine. In particular, the output of coking coal, used for the needs…Details
In 2018 Metinvest increased rolled metal output by 3%, to 5.769 million tons. In particular, flat rolled metal manufacture grew by 2%, to 4.747 million tons, and long rolled metal – by 14%, to 817 thousand tons. At the same time the output of rails dropped by 3%, to 65 thousand tons, and pipes –…Details
The company Ametistovoye has received the status of the Kamchatka Advanced Development Territory resident. The reason was the signing of an investment agreement valued at 4 billion rubles with the Far East Development Corporation. The company intends to construct a mine and modernize a mining and processing works at the Ametistovoye gold deposit. The project…Details
In January the West-Siberian Railroad transported 22 million tons of cargo in Kuzbass region, up by 5% YoY.
In particular, the transportation of coal grew by 3.5%, to 19 million tons.
The railroad also transported 775 thousand tons of iron ore (+49%) and 547 thousand tons of ferrous metals (+2.7%). (Ukrainian metal)
Tenaris S.A. and Severstal have announced that they will create a joint venture to build a welded pipe plant to produce OCTG products in the Surgut area, West Siberia, Russian Federation. Severstal will have a 51% interest in the joint venture company, with Tenaris owning the remaining 49%. The commencement of the project is subject…Details
Metinvest-SMC has developed and implemented a special program of preferences for metal structure exporters. “Our customers – metal structure works – have orders not only locally but also from abroad. And we react to that: our warehouses carry a range of rolled metal certified to EN”, the company CEO Dmitry Lippa said. Since mid-2018 the…Details
In 2018 the steel sales of Metinvest-SMC increased by 4% YoY. “According to our preliminary estimates, the local market has grown by some 4%. Our sales increased in this range as well”, the company CEO Dmitry Lippa said. In January-November 2018 sales exceeded 2 million tons. The company is expecting good results in 2019. “We…Details
In 2018 Metinvest enterprises mastered the manufacture of over 40 new types of products. According to the Metinvest-SMC CEO Dmitry Lippa, the novelties are in various stages of mastering: some have only been produced as trial versions, while the others have already seen an increase in sales. Now Metinvest is working to get to the…Details
Last year the growth of wages at Metinvest enterprises exceeded 30%.
According to the group personnel director Alexander Pimkin, key jobs saw a rise of 40-45%.
“Now the salary of our key employees in metal, mining and coke departments ranges within $1000-1200 in UAH equivalent”, he said. (Ukrainian metal)
As of February 1, 7 employees of the Zaporozhye Ferro Alloys Plant have fallen ill with measles.
All the diseased are over 30 years old.
One illness has been officially confirmed by the company laboratory. (Ukrainian metal)
The Severstal board of directors has recommended paying dividends for Q4 2018 in the amount of 32.08 rubles per share. The decision to pay dividends is expected to be taken at the shareholders meeting on June 7. The day recommended for the creation of the list of shareholders to receive dividends is June 18. (Ukrainian…Details
The prices of precious metals increased in Azerbaijan on February 5,according to the Central Bank. The price of gold grew by 3.4935 manats, to 2,234.9305 manats per ounce on February 5 compared to the price on February 4. The price of silver went up by 0.1598 manats, to 27.0503 manats per ounce. The price of…Details
In January Russian Railroads transported 105.4 million tons of cargo, up by 1.6% YoY. In particular, coal transportation grew by 5.2%, to 32.9 million tons, coke – by 9.1%, to 0.986 million tons, iron and manganese ore – by 7.5%, to 9.9 million tons, and ferrous metals – by 0.1%, to 6.6 million tons. At…Details
In January Irkutsk region mined 1354.5 kg of gold, up by 7.5% YoY. At present only ore gold is extracted in the region. The gold-washing season will start in May. In January 4 companies mined for gold in the region – Vysochaishiy, Ugakhan, Polyus Verninskoye and Druza LLC. The main volume was provided by Polyus…Details
In 2018 net profit of Severstal grew by 51.4% YoY, to $2.051 billion.
According to the group statement, its revenue increased by 9.3%, to $8.58 billion.
EBITDA was $3.142 billion, up by 21.9%. (Ukrainian metal)
In January Dneprovsky Iron and Steel Combine produced 230 thousand tons of rolled metal, down by 2.1% YoY. Steel output dropped by 4.7%, to 223 thousand tons, and pig iron – by 17.2%, to 207 thousand tons. In December 2018 DMK produced 204 thousand tons of rolled metal, 221 thousand tons of steel and 22…Details
In 2018 Zaporozhye Iron Ore Complex increased iron ore mining by 1.1% YoY, to 4.552 million tons. The iron content in the ore was 60.91%. Because of the lack of the rolling stock only 95% of the ore mined was shipped (4.464 million tons). In December 2018 the enterprise mined 376.1 thousand tons of ore,…Details
In January Mariupol Ilyich Iron and Steel Works increased rolled metal output by 20.6% YoY, to 293 thousand tons. Steel manufacture grew by 18.8%, to 335 thousand tons, and pig iron – by 1.2%, to 424 thousand tons. In December 2018 the company produced 261 thousand tons of rolled metal, 294 thousand tons of steel…Details
Industrial Metallurgical Holding (IMH), one of the global leading suppliers of merchant pig iron and the biggest merchant coke producer in Russia, has announced its operational results for FY 2018. In 2018, Tulachermet achieved record-high pig iron production in the whole history working with two blast furnaces. Total production increased by 3% YoY, to 2,343…Details