Bystrinsky Mining and Processing Works has started selling magnetite (iron ore) concentrate. The first batch of 680 tons has been shipped to China. In May some 10 thousand tons of the concentrate will be sold. In April the works started selling copper concentrate. 4.5 thousand tons have been sold to China. BGOK also intends to…Details
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The council on the strategic development of the MMK Group has approved the project on the construction of the blast furnace slag dry cooling machine. The cost of the project is 3 billion rubles. It will undergo an expertise soon. The project will be carried out by Shlakservice LLC, a part of MMK. (Ukrainian metal)Details
The new shareholders of Evraz Yuzhkoks have changed the company name to Yuzhkoks and reelected the supervisory board. The board chairman Alexander Maryanchuk, as well as the Evraz-DMZ, Evraztrans Ukraine LLC and Evraz Ukraine LLC legal department director Lyudmila Garmash and Evraz-DMZ sales management customs declaration department director Dmitry Skotarenko have been removed from the…Details
The Verkhovna Rada has adopted the decree on increasing scrap export duty to 42 euro per ton for 1 year. 248 members of the parliament voted in favor of the decree with the minimum required number of 226. The decree was registered on April 4. But it suggested prolonging the current scrap duty (with the…Details
Karelsky Okatysh has assembled two fine crushers manufactured by Uralmashzavod. After the machines pass all the tests, they will be put into operation. In the past several years Uralmashzavod has supplied a large lot of crushing machinery to Karelsky Okatysh. In particular, the medium crushing line has been completely replaced. Now the fine crushing line…Details
In January-April Zabaykalye region shipped 7.186 million tons of coal, down by 7.6% YoY. According to the regional ministry of natural resources, in January-April 2017 7.777 million tons of coal were shipped from coal deposits. In 2017 the region mined 21.3 million tons of coal. (Ukrainian metal)Details
Oleg Ryabko has been appointed the new CEO of the scrap-procuring group of companies Meta. In his new office Ryabko will be responsible for the management of the scrap-procuring business, improving its efficiency, reaching financial and manufacturing goals, etc. Andrei Pavlov, who has previously managed the company, decided to leave the office as his contract…Details
Earnings before interest, taxes, depreciation and amortization (EBITDA) of the Russian pipe producer TMK increased by 13% YoY, to $160 million in January-March, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on May 18. Revenue grew by 35%, to $1.274 billion. (Prime/Ukrainian metal)Details
It is the first time during 12 years when there is a threat of financial crisis to the company. The reason is evident – dramatic drop in production output. Initially it was caused by stoppage of half of BFs, then failed attempt to restart BF-9 after capital repair, and finally the recent actions of the…Details
The cost of precious metals varied in Azerbaijan on May 18, according to the data published by the Central Bank. The cost of gold and silver increased, while the cost of platinum and palladium decreased on May 18 compared to May 17. The cost of gold increased by 0.628 manats, while the cost of silver…Details
In January-April Moldova Iron and Steel Works increased bars output 2-fold YoY, to 185 thousand tons. The increase has to do with a low comparison base because of the limited scrap supplies in 2017. Rebars manufacture increased 2.6-fold, to 110 thousand tons, while that of wire rod – by 50%, to 75 thousand tons. In…Details
In January-March Sinarsky Pipe Works received 94 million rubles of net profit, down 6-fold YoY. At the same time the company revenue increased by 1.5 billion rubles, to 10.45 billion rubles. Gross profit dropped from 1.7 billion rubles to 1.2 billion rubles. (Ukrainian metal)Details
In January-March Korshunovsky Mining and Processing Works received 214.1 million rubles of net profit, down 8-fold YoY. According to the company statement, its net income was 1.7 billion rubles. Revenue dropped 2-fold, to 1.6 billion rubles. “The dynamics of the revenue and net profit is explained by the drop of iron ore concentrate output and…Details