Management of ArcelorMittal Kriviy Rih has decided that the company will continue to fulfill its obligations and pay the land and property taxes due in March, despite the amendments to Tax Code approved by the State last week. The company does not plan to stop fulfilling its obligations for land and property tax as these…Details
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In January-February, Yuzhniy Mining and Processing Works decreased iron ore concentrate manufacture by 8.1% YoY, to 1.917 million tons. The enterprise did not produce sinter. Concentrate output in February totaled 930 thousand tons. In 2019, UGOK produced 12.3 million tons of concentrate, up by 0.1% YoY, and 945.8 thousand tons of sinter, down by 45.8%.…Details
In 2019, Electrostal Iron and Steel Works received 176.34 million rubles of net profit. In Q4 2019, the company received 14 million rubles of net profit, down from 58 million rubles in Q3 2019. In 2018, Electrostal saw a net loss of 558 million rubles. Revenue last year grew by 2% YoY, to 14.06 billion…Details
In December 2019, Russia exported 208 tons of rolled copper, up by 9% MoM, but down by 24% YoY. Price grew from $7 to $7.4 per kg. Deliveries to Belarus increased from 107 tons to 117 tons, and to Kazakhstan – from 16.7 to 29 tons. At the same time Ukraine decreased purchases by 20%,…Details
In January, Russia imported 109.7 thousand tons of manganese ore and concentrate, up by 26% MoM and by 63% YoY. Price was $200 per ton. Deliveries from South Africa dropped by 14%, to 63.6 thousand tons, but from Ghana grew 5-fold, to 39.5 thousand tons, and from Kazakhstan – from 4.7 thousand tons to 6…Details
In 2019, Irkutsk Aluminum Works manufactured 421,967 tons of goods, up by 2.4 thousand tons from the plan. Value-added products accounted for 68% of the output. Wire rod manufacture totaled 150.9 thousand tons. It is mainly supplied to the cable plants. Alloys output was on the level of 125 thousand tons. IrkAZ produces ingots of…Details
6.9 thousand tons of sheet pile Larsen produced at Evraz NTMK have been used in the construction of large infrastructure objects in the Russian North. Metal was delivered by Evraz Metal Inprom. In particular, 1.8 thousand tons were used in the construction of the Center for large-tonnage sea structures in Murmansk region. 2.5 thousand tons…Details
In 2019, Raspadskaya received $208 million of net profit, down 2.15-fold YoY. Revenue dropped by 8.2%, to $996 million. Gross profit fell by 18.6%, to $494 million. At the same time the group increased coal output by 1%, to 12.8 million tons. (Ukrainian metal)Details
On March 1, 2017, the occupational authorities of the self-proclaimed Lugansk and Donetsk People’s Republics, terrorist organizations created and supported by Russia, decided to transfer all the companies on the territory controlled by them to the so-called external management. As a result, Donetsk Iron and Steel Works (DMZ), Donetskstal Iron and Steel Works, parts of…Details
In 2019, 5 gold deposits were discovered in the Republic of Sakha (Yakutia) in 2019. The deposit at the Tuora-Tas Brook holds the largest reserves – over 1.3 tons. The license to develop it belongs to Vostoc LLC. Dokhsun LLC estimated the reserves of the deposit at the Kener-Sala Brook at 370 kg. Three more…Details
Elkonskiy Iron and Steel Works has purchased a license to develop and extract gold at the Sovinoye deposit. The cost of the license is 24.2 million rubles. The reserves of the deposit are estimated at 10 tons of gold with the average content of 10 g per ton. The Sovinoye deposit is situated in Chukotka…Details
In 2019, Russia produced 207 thousand tons of zinc, while the consumption was 260-280 thousand tons. Thus, zinc shortage reaches 50-70 thousand tons. Kazakhstan supplies 14.84% of zinc and Uzbekistan – 2.8%. Under such conditions Chelyabinsk Zinc Works intends to increase zinc and alloy capacities. This year it is planned to produce 214 thousand tons…Details
NLMK-Kaluga Electrometallurgical Works has produced 5 million tons of rolled metal. The company produces some 20 types and sizes of bars and shapes. The main customers are construction companies, mostly from Moscow and Moscow region. At present NLMK-Kaluga produces steel angles (25×4 mm, 40×4.5, 50×4-5, 63×5-6, 75×5-9, 90×6-8 and 100×7-8 mm) and channels (50, 65,…Details