Azerbaijan: Armenia earns profit from extraction of precious metals in occupied lands

Armenia’s aggression policy causes great damage to Azerbaijan in all spheres, including the economic and environmental ones, Zakir Ibrahimov, chairman of the board of AzerGold CJSC, declared. He noted that a report was prepared regarding illegal activities in the occupied Azerbaijani territories, and was sent to the country’s Prosecutor General’s Office. He said that the…


Ukraine: Zaporizhstal passes QMS audits

Zaporizhstal has successfully passed the quality management system audits for the correspondence to the international standards.

Bureau Veritas Certification Ukraine LLC awarded the company a new quality certificate.

Moreover, the European Fund for Quality Management also audited the company.

Zaporizhstal has become the best Ukrainian company according to the fund. (Ukrainian metal)

Ukraine: ferrous metals exports from Donetsk region up in January-September 2018

In January-September Donetsk region received $3.7 billion from exports, up by 14.1% YoY.

Ferrous metals accounted for 81.7%, or $2984.3 million, up by 22.8%.

In particular, ferrous metals accounted for 56.6% of all exports to Russia, 88.4% to Turkey, 93.2% to Italy and 98.9% to US. (Ukrainian metal)

Russia: VSMPO-Avisma net profit down in January-September 2018

In January-September VSMPO-Avisma decreased net profit by 5.3% YoY, to 14.3 billion rubles.

Revenue grew by 9.3%, to 60.3 billion rubles.

Gross profit increased by 17%, to 27.6 billion rubles.

Sales profit totaled 21.8 billion rubles, up by 20.1% YoY.

The company assets increased by 14.9%, to 160 billion rubles. (Ukrainian metal)

Russia: STZ net profit down in January-September 2018

In January-September Sinarsky Pipe Works received 649.84 million rubles of net profit, down from 1.14 billion rubles in 9 months of 2017.

Revenue grew by 17%, to 32.52 billion rubles.

Sales profit dropped from 2.1 billion rubles to 1.2 billion rubles.

Short-term liabilities increased from 65.6 million rubles to 3 billion rubles. (Ukrainian metal)

Russia: MMK presents capabilities during Metal-Expo

Magnitogorsk Iron & Steel Works (MMK) participated in Metal-Expo’2018, the 24th International Industrial Exhibition, in Moscow. Traditionally, MMK’s stand was one of the biggest and the most impressive at the forum. Its visitors were able to explore a wide range of products and technological capabilities from both MMK plant itself and MMK Group’s companies. Among…


Russia: Severstal-Balakovo invests 80 million rubles in capital repairs

Severstal – Bar Works Balakovo has completed a scheduled capital repair of machinery. The total cost of the work exceeded 80 million rubles. The specialists carried out repair in the electric arc, bar-rolling and machinery shops. “The main work focused on the restoration of the initial parameters of the machinery lost during operation. The repair…


Russia: PNTZ to use HBI in steel smelting

The technique to use hot-briquetted iron in steel manufacture is being developed at Pervouralsky Pipe Works. According to the ChTPZ commercial director Denis Prikhodko, HBI will be purchased at Mikhailovsky and Lebedinsky Mining and Processing Works of Metalloinvest. “We have great prospects of cooperation with Metalloinvest”, he added. In particular, PNTZ intends to increase purchases…