Over 1 thousand tons of beams produced by Evraz NTMK were used to construct an agricultural complex in Voronezh region. By the end of the summer 1 thousand tons more will have been supplied to the construction site. The I-beams with the length of 10 to 13 meters are used to construct the roof of…
DetailsIn January-June the net profit of Metalloinvest totaled $870 million, up by 48.7% YoY. Revenue grew by 24.6%, to $3.779 billion, EBITDA – by 40.5%, to 1.491 billion, while net debt dropped by 6.1%. The company has refinanced its pre-export financing at $240 million due to attracting a new PXF-2018 loan. Metalloinvest has also signed…
DetailsThe Cabinet of Ministers of Ukraine has transferred 100 million UAH envisaged for the Ministry of energy and coal industry for the program of labor safety at coalmines to the program of clearing salary debts to miners. According to the ministry, in January-June state mines extracted 2.161 million tons of coal, down by 6.7% from…
DetailsThe state Roseximbank will provide a loan of over 140 million euro for the construction of Tashkent Iron and Steel Works. The bank has signed a loan agreement with Asaka and Uzpromstroybank, which are financing the project. The project envisages the development of the main manufacturing lines and infrastructure objects, the supply of machinery, training…
DetailsRussian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies is inappropriate, Reuters reported citing Industry Minister Denis Manturov. “With colleagues from other ministries, we have reached a common position that as of today it’s inappropriate,” he told reporters on the sidelines of a military forum. The proposal, put…
DetailsUkraine’s output of manganese ferroalloy fell by 11.9% YoY and by 7.5% MoM, to 74,950 tons in July, Ukrainian ferroalloy producers association UkrFA said. In July Ukraine produced 65,400 tons of silicomanganese, down from 66,700 tons in July 2017. Output of ferromanganese dropped to 3,700 tons from 11,000 tons and production of ferrosilicon fell to…
DetailsUkraine’s extraction of coal rose by 1.1% YoY, to 2.64 million tons in July from 2.61 million tons in July 2017 and from 2.55 million tons in June, the Energy and Coal Industry Ministry reported. Extraction of thermal coal in July increased by 7.7%, to 2.22 million tons from 2.06 million tons in July 2017,…
DetailsIn January-June Russia imported 1.13 million tons of rolled steel and pipes from Ukraine, up by 47.8% YoY. The share of bars and sections is around 55%, up 2-fold. Flat rolled metal accounts for 32.9%, up by 1.4%, while pipes dropped 2-fold, to 3.3%. (Ukrainian metal)
DetailsIn January-June Lysva Iron and Steel Works received 430 million rubles of net profit, up from 275 million rubles of net loss a year earlier. Revenue increased 2.4-fold, to 6.798 billion rubles, with gross profit up 3.2-fold, to 1.051 billion rubles. Sales revenue grew 3.3-fold, to 721 million rubles. Since the start of the year…
DetailsIn January-July the Republic of Buryatia extracted 2929.7 kg of gold, up by 7% YoY. Ore gold accounted for 1983.9 kg, up by 4%, while alluvial gold output grew by 13%, to 945.8 kg. Last year the region yielded 5677.9 kg of gold. (Ukrainian metal)
DetailsIn January-June Mechel decreased steel output by 8% YoY, to 2.051 million tons. The decrease was the result of the scheduled repairs of machinery in the sinter-blast furnace and oxygen-converter shops of Chelyabinsk Iron and Steel Works. A major repair of the continuous casting machine No. 5, carried out in Q2, reduced the loading of…
DetailsChelyabinsk Iron and Steel Works produced rebars for one of the major infrastructure projects – the construction of the Central Ring Road in Moscow region. ChMK rebars are used to construct bridges, tunnels and transport infrastructure in the Pushkin district, and the town of Zvenigorod, as well as the bridge over the railway and an…
DetailsMechel PAO’s Chief Executive Officer Oleg Korzhov commented on the January-June operational results. “Renewal of mining equipment at Mechel’s coal facilities enabled us to attain stable mining levels, and we plan to maintain this work pace until this year’s end. The decrease in mining volumes was due to a decline in thermal coal mining and…
DetailsIn April-June ChTPZ received 5.574 billion rubles of net profit, up from 1.35 billion rubles in Q1. In H1 net profit reached 6.927 billion rubles as opposed to the loss of 864 million rubles a year earlier. Revenue in Q2 dropped by 1% QoQ, to 35.79 billion rubles. H1 revenue increased by 33% YoY, to…
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