Mechel 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…
DetailsNordgold has increased its initial gold output forecast for 2018 from 0.95-1 million ounces to 1-1.5 million ounces. The improvement of the forecast is due to the project to construct an underground mining site at the Berezitovoye deposits as well as the commissioning of the Gross mine in Yakutia. The operation at the Berezitovoye will…
DetailsIn January-July Polyus Magadan produced 2.6 tons of gold and 0.7 tons of silver. The company is developing the reserves of the Natalka gold-ore deposits in Magadan region. The first ton of gold was produced in April. This year the company is expected to obtain at least 5.4 tons of gold. At present the capacity…
DetailsKrasniy Octyabr is finishing its project to assemble a Danieli PL-370 centerless turning machine. The commissioning is scheduled for the nearest future. The world market requirements to rolled metal are getting more and more tough. Only modern machinery from the leading manufacturers can cope with them. The commissioning of the PL-370 mill, which could peel…
DetailsThe Volgograd subsidiary of Severstal Steel Ropes has started assembling three rope machines and four winding machines. The cost of the Italian machinery is some 2.5 million euros. The commissioning is scheduled for autumn. This is the beginning of the second stage of the project to develop special steel ropes manufacture. “A month ago we…
DetailsNLMK-Kaluga has produced the 6-millionth ton of steel. “In just 2 years of operation the works has reached the levels of the best world practices on refractory, scrap, electricity, and electrodes usage. Now we must not stop on what we have reached, but move forward developing techniques, ourselves and our colleagues and forming a new…
DetailsIn June Russia imported 71.3 thousand tons of flat galvanized metal, down by 2% YoY. In 6 months imports dropped by 10.2%, to 340.4 thousand tons. Deliveries from Kazakhstan decreased by 6%, to 173.6 thousand tons, at an average price on the Russian border of $767.5 per ton without VAT. Galvanized imports from China dropped…
DetailsIn June Russia imported 48.3 thousand tons of flat polymer-coated rolled metal, down by 21.2% YoY. In January-June imports fell by 33.7% YoY, to 180 thousand tons, of which 71.6 thousand tons accounted for China, down by 55%. The average price on the Russian border was $893.7 per ton without VAT. Deliveries from Kazakhstan grew…
DetailsIn January-June the mines of Donetsk region increased coal output by 5.3% YoY, to 5.9 million tons. At the same time this is 17.3% less than in January-June 2016. Last year the region yielded 10.2 million tons of coal, down from 14.5 million tons in 2016 and 38.1 million tons in 2013. In Q1 1144.3…
DetailsIn July Ukrainian metal companies consumed 145 million cubic meters of natural gas, on the level of the previous month. In 7 months gas consumption grew by 11%, to 1.08 billion cubic meters. Electricity consumption in July totaled 6.9 billion kW-h, up by 11% YoY. (Ukrainian metal)
DetailsOn August 20 the Ministry of Ecology of Chelyabinsk region received letters from the citizens about a bad smell in the air. As the result of the inspection, the source of heavy smoke was found on the territory of Chelyabvtormet. The mobile laboratories checked the quality of the air on the enterprise territory. Following the…
DetailsIn June Russia exported 14.5 thousand tons of corrosion-resistant steel scrap and wastes valued at $18 million, up 4-fold and 5.6-fold YoY respectively. According to the customs statistics, in 7 months exports increased by 46.8%, to 54.4 thousand tons valued at $59.4 million, up by 61.4%. Scrap containing 8% of nickel accounted for 75% of…
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