Russia: BrAZ profit down in 2017

In 2017 Bratsk Aluminum Works received 2.76 billion rubles of net profit, down by 26.2% YoY.

According to the company statement, its revenue decreased by 14.6%, to 93.97 billion rubles, while gross profit grew by 12.8%, to 9.01 billion rubles.

The company has not disclosed the reasons for the changes. (Ukrainian metal)

Ukraine: EU stops ferrosilicon imports investigations

The European Union decided to stop the antidumping investigation on the imports of ferrosilicon from Ukraine and Egypt.

The European Commission announced the cancellation of the investigation on April 4, as the Association of European ferro-alloy Producers had revoked its application on February 27.

The antidumping investigation began in August 2017. (Ukrainian metal)

Russia: Krasniy Octyabr output to grow in 2018

In 2017 Krasniy Octyabr produced 37.48 thousand tons of stainless steel, while Zlatoustovsky Electrometallurgical Works – 17.48 thousand tons.

The combined output reached 54.96 thousand tons, up by 20% in three years.

This year output is expected to grow by 5%. (Ukrainian metal)

Ukraine: scrap exports up in Q1 2018

In January-March Ukrained increase ferrous scrap exports 3.6-fold YoY, to 140.116 thousand tons, valued at $47.788 million, up 4.1-fold. According to the State Fiscal Service, in March Ukraine exported 53.558 thousand tons of scrap, in February – 52.634 thousand tons, and in January – 33.814 thousand tons. Imports in 3 months increased by 28.6%, to…

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Ukraine: 175 miners evacuated from DTEK Pavlogradugol mine

There was a heavy smoke in the Pavlogradskaya mine of DTEK Pavlogradugol.

According to the company statement, 175 employees were evacuated.

The smoke arose as the cable caught fire. The fire was soon extinguished.

There were no casualties. (Ukrainian metal)

Ukraine: coal imports up in Q1 2018

In January-March Ukraine increased coal imports by 57.6% YoY, to 5.745 million tons valued at $760.468 million, up by 33.5%. According to the State Fiscal Service, Russia supplied $472.397 million worth of coal (62.12%), USA – $219.929 million (28.92%), Canada – $48.365 million (6.36%) and other countries – $19.777 million (2.6%). In 3 months Ukraine…

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