Russia: Severstal net profit up in 2018

In 2018 net profit of Severstal grew by 51.4% YoY, to $2.051 billion.

According to the group statement, its revenue increased by 9.3%, to $8.58 billion.

EBITDA was $3.142 billion, up by 21.9%. (Ukrainian metal)

Ukraine: Ferrexpo expecting $500 million of EBITDA in 2018

Ferrexpo plc, controlling PGOK and EGOK, expects to reach $500 million of EBITDA in 2018.

The group plans to announce its 2018 financial results on March 20.

In 2017 Ferrexpo net profit grew 2.1-fold YoY, to $394.47 million, with revenue up by 21.4%, to $1.197 million.

EBITDA increased by 46.9%, to $551 million. (Ukrainian metal)

Russia: IZT to sell $125 million worth of pipes to Gazprom

Izhorsky Pipe Works has concluded an agreement with Gazprom Komplektatsia to supply 107.218 thousand tons of large diameter pipes valued at 8.186 billion rubles ($125 million).

The pipes have to be delivered in October.

The auction was held in late December 2018. ITZ had no competitors. (Ukrainian metal)

Ukraine: gold and silver output down in 2018

In 2018 Ukraine decreased the output of semi-wrought gold by 61.5% YoY, to 5 kg.

Unwrought silver (or powder) output also decreased – by 32.4%, to 1527 kg.

Semi-wrought silver manufacture fell by 50.2%, to 495 kg. (Ukrainian metal)

CIS: steel output up in 2018

In December 2018 Russia produced 5.87 million tons of steel, down by 5.9% YoY (5.68 million tons in November 2018). In the whole year steel manufacture increased by 0.3% YoY, to 71.68 million tons. Ukraine, though no longer a part of CIS, decreased steel output in December 2018 by 0.6%, to 1.885 million tons (1.659…

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Russia: Evraz KGOK commissions new locomotive

Evraz Kachkanarsky GOK has pit into operation a new electric locomotive NP-1 with two diesel dump cars.

The locomotive has been specifically designed for KGOK and has the higher speed of up to 65 km per hour.

The length of the locomotive is 65 meters and the weight is 360 tons. (Ukrainian metal)