In March, Kazakhstan produced 350,925 tons of steel, down by 47.2% YoY, but up by 27.4% MoM. In Q1, manufacture dropped by 13.8% YoY, to 969,684 tons. Refined copper output in January-March increased by 8.7%, to 124.067 tons, and zinc – by 1.9%, to 81,670 tons. In 3 months Kazakhstan produced 546,920 tons of ferroalloys,…Details
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ArcelorMittal Kriviy Rih has completed the reconstruction of sintering machine No. 1 of sinter plant No. 2 and is starting hot tests on it. The company continues to implement a large-scale investment project for the reconstruction of sinter plant No 2. As of now four of six sintering machines of the shop have already been…Details
In 2019, Druzhkovka Metal Wares Works (Donetsk region) decreased net income by 50.1% YoY, to 318.7 million UAH. Last year the company received a net loss of 31.5 million UAH, as opposed to a net profit of 55.6 million UAH in 2018. As of late 2019, the combined cost of agreements to supply products totaled…Details
In January-March, Kamchatka region extracted 1234 kg of gold and 3 tons of silver, down by 6% and by 4% YoY respectively. In particular, Zoloto Kamchatky extracted 906 kg of gold: Ametistovoye – 685 kg (-2%), KamGold – 36 (-37%) and Kamchatskoye Zoloto – 212 kg (+71%). At the same time, Trevozhnoye Zarevo decreased output…Details
In January-March, Severniy Mining and Processing Works decreased pellets output by 24.4% YoY, to 1.735 million tons. Concentrate manufacture grew by 5.8%, to 3.17 million tons. In March, SevGOK produced 649 thousand tons of pellets and 1.074 million tons of concentrate. (Ukrainian metal)Details
Interpipe Nizhnedneprovsk Pipe-Rolling Plant has postponed the general meeting of its shareholders scheduled for April 29 due to quarantine and coronavirus. Last year, the company increased its net profit 3.5-fold YoY, to 3.562 billion UAH. Undistributed profit totaled 3.875 billion UAH. This year Interpipe NTZ intends to sell 367.6 thousand tons of pipes and receive…Details
In January-March, Ukraine produced 81.1 thousand tons of metal structures, down by 29.6% YoY. According to the State Statistics Service, pre-fabricated construction structures of pig iron and steel accounted for 9.13 thousand tons, down by 23.9%, latticed towers and masts of ferrous metals – 618.2 tons, down by 75.7%, metal containers for liquefied gas –…Details
The Russian aluminum market may contract by more than 30% in 2020 due to the coronavirus pandemic, Roman Andryushin, director of aluminum giant UC RUSAL for sales and marketing, has said. The degree of the pandemic’s impact will largely depend on the length of restrictions. While some European countries have started lifting the restrictions, it…Details
The state enterprise Vostochniy Mining and Processing Works has ordered Zeleni Systemy LLC the delivery of sulfur valued at 42.85 million UAH. Until July 10 the company has to supply 11 thousand tons of granulated gas sulfur with the purity of 99.95% produced by Kaspiygaz LLC (Russia) at 3895 UAH per ton ($138 per ton).…Details
In 2019, Kurilgeo LLC, developing gold sites in Sakhalin, received 3.5 billion rubles from the sales, on par with the previous year results. Net profit decreased by 6.4%, to 971.8 million rubles. Tax payments exceeded 1.4 billion rubles, including 1.1 billion rubles of profit tax. Last year, the company produced 1106 kg of gold, down…Details
Ferrexpo has decided not to apply for tax holidays and will pay taxes to all budgets during the pandemic in full. This decision is aimed at supporting territorial communities to allow them not to cut social programs and have an opportunity to transfer additional funds to health sphere. “We understand, that what we pay to…Details
In March, Ukraine decreased steel output by 10.3% YoY, to 1.765 million tons, but was able to go from the 13th position to the 12th in the world steel rating. In Q1, Ukraine went up from the 12th position to the 11th. In March, 64 countries produced 147.054 million tons of steel, down by 6%…Details