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In Q3 Evraz decreased its consolidated steel sales by 10.3% YoY, to 3.1 million tons. The decrease is due to the drop in pig iron manufacture. Rolled metal sales fell by 1.2%, mostly because of the decrease in the railroad rails, wheels and flat metal sales. Semi-finished steel products sales fell by 0.7%. Coking coal…
DetailsRussia sells coal from the territory of Donbas not controlled by the Ukrainian authorities to Turkey and possibly to Poland, Ukrainian Foreign Minister Pavlo Klimkin has said. Klimkin said that Russia blended Ukrainian coal with its own coal so that it could not be identified. “Then the coal goes to Turkey. Now the investigation is…
DetailsIn September Ukraine dropped to the 13th place in the rating of 67 countries, compiled by the World Steel Association. China traditionally occupies the first place with 80.85 million tons of steel produced, up by 7.5%. Ukraine decreased steel output by 7.6%, to 1.787 million tons, losing to Taiwan, which increased steel manufacture by 6.5%,…
DetailsAccording to the Electrozinc CEO Igor Khodyko, the restoration of the electrolysis shop following the October 21 fire might take 6-8 months. “The works has completely stopped operating. But now we are pondering the resumption of the shop work. First we have to estimate damages and compile a schedule of work”, he said. He stressed…
DetailsThe NLMK trading house is starting online sales of rebars from its warehouse in the city of Kazan. The first customers will be provided with a discount from each ton ordered. The warehouse offers 12 types of rebars in rods and 8 types of rebars in coils. The minimum order is 4 tons. (Ukrainian metal)
DetailsAt a meeting held on October 25 NLMK Group’s Board of Directors recommended the company’s shareholders approve payment of Q3 dividends of 6.04 rubles per share at the upcoming Extraordinary General Shareholder Meeting (EGM), which would be held on December 21. The dividends are equivalent to 86% of the company’s free cash flow based on…
DetailsIn Q3 NLMK Group EBITDA growth totaled 11% QoQ, to $1,015 million. EBITDA margin was 32%. Net income grew by 11%, to $646 million. Free cash flow doubled to $638 m. Net debt/EBITDA hit its minimum in a decade of 0.25x. Group revenue in Q3 totaled $3.13 billion (+0.5% QoQ, +23% YoY). The decrease in…
DetailsPrices of gold, silver, platinum and palladium varied in Azerbaijan on October 25, according to the data published by the Central Bank. The price of gold increased by 7.8625 manats, to 2,102.237 manats per ounce on October 25 compared to the price on October 24. The price of silver decreased by 0.0844 manats, to 25.0594…
DetailsThe net loss of Russian metals producer Mechel narrowed by 2% YoY, to 12 billion rubles in January-September, as calculated under Russian Accounting Standards (RAS), the company said. Revenue almost doubled to 9.5 billion rubles, and the gross profit more than quadrupled to 9.4 billion rubles. Long-term liabilities have grown by 12.3% since the start…
DetailsThe processing factory of the Orken-Atasu will enter the new 2019 year with a completely modernized complex. Investments of ArcelorMittal Temirtau in the project will reach over 3 billion tenge. The factory employees have completed the manufacturing plan of iron ore mining and processing in advance. Thus, the factory was ready for the large-scale reconstruction…
DetailsIn October Kinross Gold received the first Dore ingot of ore mined at the Moroshka deposits in Chukotka. The ore was processed at the Kupol mine. The company will be developing the site in 2019-2020. It intends to extract some 3.4 tons of gold per year at Moroshka. The Moroshka reserves are estimated at 6.86…
DetailsKarelsky Okatysh has started using a “virtual aide” when producing pellets. For this a special optimizing model was installed at three pelletizing machines, the main tasks of which are to improve product efficiency and save fuel oil without loss of quality. “Fuel oil is an expensive fuel and the main part of expenses in the…
DetailsMMK and Sinosteel Equipment & Engineering Co have signed a memorandum of intention and cooperation in the project to reconstruct the MMK coke manufacture. The parties have agreed to conclude agreements for the construction of objects under the project. The project presupposes the construction of the coke-oven battery No. 12, reconstruction of the recovery plant,…
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