In January-February, Belarus Universal Commodity Exchange increased metal exports 2.2-fold, to Br6.1 million. Ferrous and non-ferrous metals wastes, as well as products of Belarus Iron and Steel Works showed the largest export growth. Ferrous metals accounted for 79% of all deals. In particular, ferrous metals sales amounted to Br178 million, up by 8% YoY. (Ukrainian…Details
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In 2019, Vysochaishiy received a net profit of 4.7 billion rubles, down by 24.5% YoY. Revenue dropped by 4.4%, to 20.4 billion rubles. Gold concentrate sales totaled 1.1 billion rubles as opposed to 1.7 billion rubles in 2018. Silver sales income decreased by 3 million rubles. EBITDA fell by 24.5%, to 7.7 billion rubles. (Ukrainian…Details
In January, Russia imported 3.9 thousand tons of aluminum scrap, down by 52% MoM, but up by 89% YoY. Price remained unchanged at $940 per ton. Deliveries from USA fell from 4.6 thousand tons to 2.5 thousand tons, and from Kazakhstan – from 1.6 thousand tons to 908 tons. In 2019, imports totaled 35.9 thousand…Details
In January, Russia exported 1.5 thousand tons of copper wire rod, down by 28% MoM, but up by 6% YoY. Price grew from $5.8 to $5.9 per kg. Deliveries to Egypt dropped more than 2-fold, to 1.5 thousand tons, to Kuwait – by 27%, to 7.9 thousand tons, and to Belarus – by 36%, to…Details
Due to the COVID-19 outbreak, all NLMK Group employees over the age of 65 in Russia have been asked to stay at home. Employees of an advanced age have the choice of working from home or taking a paid vacation or quarantine leave until April 30. The end date could change, based on how the…Details
Magnitogorsk Iron & Steel Works (MMK) CEO Pavel Shilyaev has approved a new energy policy for the company, the strategic goal of which is to reduce energy costs in the cash cost of MMK’s products. To achieve this goal, the company will improve its system for monitoring the use of energy resources, increase the efficiency…Details
In 2019, Pobuzhye Ferronickel Plant decreased ore processing by 5.4% YoY, to 1.353 million tons. This equals to 74.4 thousand tons of ferronickel of ore raw materials (-3.3%) or 14.2 thousand tons of nickel (-10.2%). The main reason of the decrease is the operation at low capacity after repairs. This year the company intends to…Details
In January, Russia exported 8.3 thousand tons of aluminum wire, up by 8% MoM and by 38% YoY. Price dropped by 4%, to $1889 per ton. Deliveries to Ukraine grew 2-fold, to 963 tons, and to USA – from 816 tons to 2.2 thousand tons. At the same time sales to Belarus decreased by 42%,…Details
In January, Russia imported 171 tons of unrefined copper, down by 84% MoM, but up by 51% YoY. Kazakhstan supplied 99.9% of copper. Price dropped from $13.7 to $13.5 per kg. In 2019, imports totaled 5.3 thousand tons, up from 2.2 thousand tons in 2018. (Ukrainian metal)Details
In 2019, Pobuzhye Ferronickel Plant received 67.5 million UAH of profit. The company paid 105.4 million UAH of taxes, up by 16.8% YoY. Average salary grew by 14%, to 10654 UAH, up by 1.5% from the average salary in Ukraine. Since January, PFK has increased the average salary by 10%. Expenses on social sphere of…Details
Kumtor Gold Company will provide assistance in the amount of $100,000 to Issyk-Kul region of Kyrgyzstan to fight against coronavirus. The money will be used to provide necessary medical means to Issyk-Kul structures and individuals involved in proactive efforts being currently made to prevent the spread of COVID-19 across the region. (24.kg/Ukrainian metal)Details
Seven more employees of Russian steel producer Severstal have possibly contracted the COVID-19, the company said in a statement on March 30. “Severstal advised that the diagnosis was confirmed for an employee who was suspected to have the coronavirus. Seven more probable cases of coronavirus were detected during tests of the people who contacted him…Details
The state enterprise Lvivugol has ordered Stensils Capital LLC the delivery of mine self-rescuers valued at 13.3 million UAH. This year the company has to supply 1400 mine isolating self-rescuers manufacture by Dezega SP, Turkey with a year warranty at 9.5 thousand UAH apiece. The price of the agreement was 112 UAH below the expected…Details