VIZ-Stal has begun the third stage of the bell furnaces modernization. By the end of the year the company will have put into operation 18 new stands. The usage of the modern equipment will decrease maintenance costs by 20%, while increasing the reliability and wear-resistance of the furnaces. The program to replace bell furnaces started…Details
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Due to the implementation of energy saving techniques Abinsky Electrometallurgical Works was able to considerably increase output. In November 2017 the arc furnace shop suspended operation due to the breakdown of the arc furnace transformer. In March the operation was resumed, and the works reached the full capacity again. One of the records was set…Details
Net profit of Evraz in January-June grew to $1.145 billion from $86 million in H1 2017. Free money flow increased from $549 million to $661 million, while the debt dropped by $646 million, to $4.786 billion. Consolidated EBITDA went up by 65.5%, to $1.906 billion. (Ukrainian metal)Details
Tau-Ken Altyn gold refinery produced more than 10 tons of pure gold in the first six months of 2018. “The gold refinery sent more than 10 tons of 9999 refined pure gold bars to the National Bank,” its representative Muratbek Zhanas declared. “This year the Tau-Ken Altyn refinery is expected to refine and sell 20…Details
In Q1 DCH Group paid the last $15 million to Evraz from the amount on the deal to buy Sukhaya Balka plus $3 million of dividends. Evraz started the selling procedure in May 2017. The deal had to be closed by the end of the year, but as of December 1, 2017 Evraz had received…Details
In January-July Azovstal produced 2.368 million tons of rolled metal up by 10.4% YoY. According to the company statement, steel output grew by 2.1%, to 2.488 million tons, and pig iron – by 6.4%, to 2.289 million tons. In July Azovstal produced 266 thousand tons of rolled metal, 307 thousand tons of steel and 289…Details
In January-July Dneprovsky Iron and Steel Works, purchased in early March by DCH, produced 441 thousand tons of rolled metal, up by 11% YoY. According to the company statement, steel output increased by 4%, to 505 thousand tons, while that of pig iron dropped by 18%, to 485 thousand tons. In July DMZ produced 37…Details
In January-July Ukraine increased revenue from the export of ferrous metals by 30.5% YoY, to $6.2 billion. According to the State Fiscal Service, ferrous metals accounted for 23.07% of the total export revenue in the period as opposed to 19.91% last year. In July revenue reached $802.25 million. Ferrous metals imports in 7 months grew…Details
Andrey Moroz, Head of External Logistics of PJSC ArcelorMittal Kriviy Rih, spoke about forced increase of own wagon fleet; about the tariff policy of Ukrzaliznytsia and how it impacted transportation and infrastructure of the railways of Ukraine. – All Ukrainian carriers suffer from lack of wagons. How does PJSC ArcelorMittal Kriviy Rih manage? – This…Details
NLMK has purchased 100% shares of Ural Research-Scientific Institute of Architecture and Construction (UralNIIAS). In 2016 the institute revenue grew 2.4-fold, to 162.9 million rubles, with net profit at 10.25 million rubles, up from 28.8 million rubles of losses in 2015. In H1 NLMK increased net profit by 63.1% YoY, to $1.083 billion. (Ukrainian metal)Details
Fintest Trading Co. Ltd (Cyprus), owning 100% of Donetskstal, has sold some 25% of its shares to each of Metinvest BV, Atlanta Ltd., Misandyco Holdings Ltd. and Treimur Investments Ltd. and has ceased being the company shareholder. As the result of the sale of shares on the secondary market to the third parties the Fintest…Details
The board of directors of the U.K.-based mining giant Evraz, which operates mainly in Russia, has recommended paying $0.4 per share, or a total of $577.34 million, in second interim dividends for 2018, the company said in a statement on August 9. “A second interim dividend for 2018 of $577.34 million, or $0.4 per share,…Details