The Arbitrary court of Sverdlovsk region will consider the claim of Sortstal on being declared bankrupt. The court received the relevant document on August 24. According to it, the volume of claims is 49.87 million rubles. Sortstal was registered in 2004. Its main activities were wholesale of fuel, ore and chemical materials. (Ukrainian metal)
DetailsIn January-June Nordgold net profit decreased by 17% YoY, to $56.2 million. According to the company, the revenue dropped by 3%, to $589.7 million. EBITDA went down by 8%, to $246.2 million. In Q2 net profit decreased 3.1-fold QoQ, to $13.9 million The revenue dropped by 3%, to $289.6 million, and EBITDA – by 5%,…
DetailsThe ChTPZ Group has concluded a 5-year contract with Globaltrans. The document has been signed by ChTPZ CEO Boris Kovalenkov and Globaltrans CEO Valeriy Shpakov. According to the agreement, the New Transport Company, a part of Globaltrans, will be responsible for pipe transportation. Thus, the Globaltrans share in ChTPZ transportation will increase from 30% to…
DetailsIn January-June Russia exported 3.3 million tons of pig iron, up by 34.6% YoY, valued at $1106 million, up by 48.6%. According to the customs statistics, US imported the most pig iron (51.4%, up by 6.1%). Hong Kong started importing Russian pig iron in late 2017 and in 6 months purchased 478 thousand tons. Italy…
DetailsThe governor of Donetsk region Alexander Kuts has discusses with the directors of mines, mayors of mine towns, representatives of power suppliers, Pension Fund, etc. what to do to make the state coal enterprises profitable. “At present there are 15 state coalmining enterprises in the region. As of August 23 they have mined 1.3 million…
DetailsIn July Ukraine increased steel output by 11.4% YoY, to 1.82 million tons, but dropped to the 13th place from the 12th in the Worldsteel rating. The first place is traditionally occupied by China (81.24 million tons, up by 7.2%). Iran took Ukraine’ place, having produced 1.98 million tons of steel, up by 13.2%. In…
DetailsIn January-June Rusal Bratsk Aluminum Works decreased net profit 1.4-fold YoY, to 1.062 billion rubles. According to the company statement, the revenue dropped by 0.1%, to 47.149 billion rubles. The company does not comment on the reason of the decrease. (Ukrainian metal)
DetailsIn July Amurstal (ex-Amurmetal) shipped 61 thousand tons of metal, up 6-fold YoY. In January-July sales increased 9.4-fold YoY, to 288.3 thousand tons. This year the company has supplied 95.2 thousand tons of metal to domestic customers and exported 193 thousand tons. (Ukrainian metal)
DetailsIn July railroad deliveries of scrap to Amurstal (ex-Amurmetal) totaled 68.2 thousand tons. The deliveries grew 30-fold YoY. In January-July scrap deliveries to the company increased almost 6-fold YoY, to 292 thousand tons. (Ukrainian metal)
DetailsAt least 6.5 billion rubles are needed to resume operation of the flooded mines in Partizansk. And the work will last for some 3 years. Suchan-Ugol LLC announced its planes to revive coal industry in Partizanks in January. At present the company is a resident of the Free Port of Vladivostok. The company intends to…
DetailsIn January-July Amur region extracted 12312 kg of gold, down by 14.5% YoY. The decrease is due to the drop of output at Albyn and Pokrovsk mines of Petropavlovsk Plc. Of the total volume 8703 kg (-19%) were provided by the companies developing ore gold deposits. Alluvial gold output remained on the previous year level…
DetailsThe arc furnace shop No. 3 of Zlatoust Electrometallurgical Works has produced the corrosion- and heat-resistant steel EP-410-Sh according to technique, developed by the company specialists. The steel was produced using the electroslag remelting. The slabs with the sizes of 150x500x1200 mm and 210x500x1400 mm were produced to be further processed at the sheet-rolling mills.…
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