Prime Minister Denys Shmyhal said the government transferred UAH 654 million ($26.2 million) to pay off debts on wages to miners. “We agreed and the president promised at the All-Ukrainian Miners’ Meeting to pay off half of the debts in March. Indeed, yesterday and the day before yesterday UAH 654 million were transferred to the…Details
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In February Russia mined 32.6 million tons of coal, down by 6.6% YoY. Deliveries to the domestic market grew by 1.4%, to 15.82 million tons, while exports fell by 12%, to 12.68 million tons, and imports increased by 3%, to 1.69 million tons. In January-February coal output decreased by 7.5% YoY, to 66.54 million tons.…Details
Steel wire shop of Uzbekistan Iron and Steel Works successfully met all the manufacturing targets in February. The shop produces wire with the diameter of 1.8, 2, 2.8, 3, 4, 5, 6.3 and 8 mm, which is in high demand. In February wire rod manufacture totaled 849 tons. Metal wares and electrode sites of the…Details
In 2016-2019 coal mines decreased output more than 2-fold, while grants for each ton of coal grew almost 3.7-fold. “State mines decreased coal output from 6.7 million tons in 2016 to 3.5 million tons in 2019. At the same time grants went up from 246 UAH per ton to 908 UAH”, the press-service of the…Details
In 2019 Metinvest decreased net profit 3.5-fold YoY, to $341 million. According to the group, revenue dropped by 9%, to $10.757 billion, and EBITDA – by 52%, to $1.213 billion. Capital investments grew by 17%, to $1.055 billion. Total debt increased by 11%, to $3.032 billion, with net debt up by 12%, to $2.758 billion.…Details
Mariupool Ilyich Iron and Steel Works received the largest VAT reimbursement in February among metal and mining companies – 604 million UAH (673 million UAH in January). According to the State Treasury, it is followed by ArcelorMittal Kriviy Rih with 579.68 million UAH (675 million UAH). Azovstal received 421 million UAH (1.26 billion UAH), Zaporizhstal…Details
In January average salary in metal industry and the manufacture of metal wares grew by 14.6% YoY and by 2.9% MoM, to 13,838 UAH. According to the State Statistics Service, average salary in the industry increased by 17.2% YoY, to 12,177 UAH. Wages in mining dropped by 12.5%, to 10,727 UAH. (Ukrainian metal)Details
Beloretsk Iron and Steel Works has produced a batch of galvanized steel ropes for one of the largest ship-builders in Russia – Sevmash. For the first time the company has manufactured ropes with the diameter of 65 mm. 120 tons of new steel ropes were supplied to the customer by Mechel-Service. (Ukrainian metal)Details
In 2019 Sukremlskiy Pig Iron Castings Works produced over 1.5 thousand tons of socketless pipes, up 3-fold YoY. The output increase is due to the growth of product portfolio (the company mastered the manufacture of 125mm diameter pipes). This year the company intends to increase SML pipes manufacture and expand the size and type range.…Details
In December 2019, Russia exported 7.7 thousand tons of aluminum wire, down by 45% MoM and by 29% YoY. In particular, deliveries to Ukraine dropped to 398 tons from 1.5 thousand tons, and to Belarus – to 2.3 thousand tons from 3.4 thousand tons. At the same time exports to Poland grew more than 4-fold,…Details
ArcelorMittal Temirtau has received a T-20 railroad car pusher from Dneprotyazhmash (Ukraine). The machine has been made to order. Dneprotyazhmash has been producing car pushers for many years, having made several modernizations to the model. (Ukrainian metal)Details
The Polymetal board of directors has suggested paying 2019 dividends in the amount of $0.42 per share ($197 million). This amounts to 50% of net profit for H2 2019. The overall dividends for 2019 amount to $0.82 per share ($385 million). The payment of dividends should be approved at the shareholders meeting on April 27.…Details
In December 2019, Russia imported 417 tons of molybdenum ore and concentrate, up by 70% MoM and 3-fold YoY. Deliveries from the USA dropped by 29%, to 100 tons, and from the Netherlands – by 25%, to 62 tons. At the same time purchases in Chile grew 4-fold, to 80 tons, and in Mexico –…Details
NLMK DanSteel, NLMK Group’s Denmark-based production site, has delivered its first thousand tons of S500MC high-strength steel plate (500 MPa yield strength) to German machine-building companies. The hot-rolled steel plates will be used to manufacture heavy vehicle components, including wheel axles parts. The use of high-strength steel ensures strong performance under high static and dynamic…Details
The physical volume of gold deals on the Moscow Exchange slid by 76% YoY, to 1.285 tons in January-February, according to the Moscow Exchange. The volume of silver deals soared by 70%, to 5.774 tons. In monetary terms, the gold deals fell to 4.5 billion rubles from 11.4 billion rubles. In February, the gold deals…Details
In December 2019, Russia imported 8.1 thousand tons of aluminum scrap and wastes, up by 77% MoM and 4-fold YoY. Deliveries from Kyrgyzstan grew 5-fold, to 1.5 thousand tons, and from US – from 2.3 thousand tons to 4.6 thousand tons. At the same time purchases from Kazakhstan decreased by 5%, to 1.6 thousand tons.…Details