Russia: TMK Q4 2018 IFRS EBITDA up

Earnings before interest, taxes, depreciation and amortization (EBITDA) of pipe producer TMK increased by 9% QoQ, to $179 million, while revenue grew by 5%, to $1.264 billion in October-December 2018, as calculated under International Financial Reporting Standards. The gross profit rose by 1%, to $224 million, while the EBITDA margin remained unchanged at 14%, it…


Russia: Severstal Distribution opens warehouse in Naberezhniye Chelny

A new warehouse of Severstal Distribution has been opened in the city of Naberezhniye Chelny. Its main customers will be the machine-building and construction companies. “Last year Severstal Distribution increased sales in the Privolzhye Federal District, by 25% YoY, to 200 thousand tons. Four subsidiaries were selling metal – in Kazan, Samara, Nizhniy Novgorod and…


Russia: BMK confirms metal wares quality

Beloretsk Iron and Steel Works has confirmed the quality certificates for its wire and rebars used to reinforce ferroconcrete structures. The Mosstroysertifikatsia specialists have checked the manufacturing technique, the machinery condition and participated in testing samples of the products. The certificates have been issued for 3 years with annual confirmation. BMK has been cooperating with…


Russia: Severstal-Vtorchermet finishing hot testing metal shavings briquetting press

Severstal-Vtorchermet has carried out an investment project to construct a new machine – a press to make briquettes of metal shavings at the Cherepovets Iron and Steel Works. Investments in the project totaled 150 million rubles. The construction began in Q1 2018. The machinery was supplied by ATM, Austria. The machine will reach its design…


Ukraine: pipe exports up in 2018

In 2018 Ukraine exported 657 thousand tons of pipes valued at $737.8 million. This is the highest result in the past 4 years. In 2015 Ukraine exported 594.1 thousand tons of pipes valued at $576.4 million. Thus, in 2018 exports grew by 9.5% and by 21.8% from 2015 respectively. Last year Ukraine exported 624.9 thousand…


Russia: S&P improves Metalloinvest rating

Standard and Poor’s has improved the long-term loan rating of Metalloinvest from BB/Stable to BB+/Stable.

The rating improvement has to do with the company debt decrease and good operational and financial results shown in 2018.

S&P has also improved the ratings of the Metalloinvest Finance DAC eurobonds from BB to BB+. (Ukrainian metal)

Russia: Evraz’s IFRS net profit up in 2018

The net profit of the U.K.-based mining giant Evraz, which operates mainly in Russia, more than tripled to $2.47 billion in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 28. Consolidated revenue rose by 18.6%, to $12.836 billion. Consolidated earnings before interest, taxes, depreciation and amortization…


Russia: UGMK-OTsM testing antimicrobial copper

Since 2017 Revda Non-Ferrous Metals Processing Works and Kirov Non-Ferrous Metals Processing Works have been producing rolled metal of antimicrobial copper and copper alloys under the Cu+ mark. Harmful microorganisms die within 2 hours after landing on its surface. In order to test the efficiency of the method to fight bacterial and viral illnesses, UGMK-OTsM…