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In 2017 Asha Iron and Steel Works received 387.3 million rubles of net loss as calculated under Russian Accounting Standards, as opposed to the net profit of 98.51 million rubles in 2016. In Q4 2017 AMZ received 759 million rubles of losses, as opposed to 19 million rubles of net profit in Q3. Revenue in…
DetailsChelyabinsk Zinc Works plans to finish 2018 without losses, CEO Pavel Izbrekht declared on April 4. “Concerning profit of the plant in 2018, it is too early to say, everything depends on prices on the London Metal Exchange, but we plan to work without losses,” Izbrekht said. The plant’s net profit in 2017 amounted to…
DetailsThe state enterprise Mirnogradugol has concluded an agreement with the Mirnogradskaya Central Processing Factory for the services of coal processing valued at 116.12 million UAH. The auction has been cancelled two times, as there has been only one participant. By April 2019 the company will have processed 800800 tons of coal at 145 UAH per…
DetailsThe government of Mexico has announced the implementation of the antidumping duties on the import of carbon steel pipes from Ukraine, South Korea, Spain and India. The investigation was carried out at the request of a local company and covered the trade operations from April 2013 through March 2016. (Ukrainian metal)
DetailsIn 2017 Electrozinc received 197.7 million rubles of profits, down by 38% YoY. At the same time, in 2015 the company saw losses of 9 million rubles, and in 2014 – 895 million rubles. Last year the company revenue dropped by 7% YoY, to 4.91 billion rubles. Sales profits totaled 739 million rubles, down by…
DetailsIn 2017 Ufaleinickel received 3.02 billion rubles of losses, down 3-fold YoY. In 2016 and 2015 the company losses totaled 11 billion and 2.3 billion rubles respectively. Ufaleinickel saw profit only in 2014 – 186 million rubles. Revenue in 2017 totaled 785 million rubles as opposed to 6.3 billion rubles in 2016. Sales losses last…
DetailsLermontovsky Mining and Processing Works intends to resume operation on April 25, when the new machinery has been tested. Since the start of the year, the company has already shipped 51 tons of tungsten. Last year Lermontovsky GOK received a subsidy from the state (250 million rubles) to resume activities. The company purchased new machinery,…
DetailsIn 10 years Sredneuralsky Copper Works has processed over a quarter (26%) of metal slag, accumulated during 78 years of operation. According to the SUMZ chief environment engineer Marina Sycheva, each year the processing factory produces over 60 thousand tons of copper concentrate, which the works uses in its manufacture. Another product of slag processing…
DetailsIn 2017 Russian Copper Company enterprises paid over 3 billion rubles to the budget of the Chelyabinsk region, up by 50% YoY. Budgets of all levels received 5.6 billion rubles, up by 40% YoY. In 5 years the tax payments of RCC companies to the Chelyabinsk region budget increased 4-fold. Last year the enterprises invested…
DetailsThe supervisory boards of Azovstal, Mariupol Ilyich Iron and Steel Works, Zaporozhogneupor and Zaporozhkoks, all parts of Metinvest, have extended the offices of their CEO – Enver Tskitishvili, Taras Shevchenko, Sergey Gorman and Vitaly Litovka respectively – for one more year. The decisions were taken on April 2. The offices have been prolonged from April…
DetailsThe supervisory board of Dneprovsky By-Product Coke Plant has fired Pavel Rafalskiy from the office of the general manager of the company, appointing Yevgeniy Didus, the CEO of the Inkor and Co, a part of Metinvest, instead. The decision was taken on April 2. The office of Rafalskiy expired on April 2, while Didus was…
DetailsThe Eurasian Economic Commission has extended the antidumping duty on cold-deformed seamless stainless pipes supplied to the territory of the Union from China and Malaysia. The duty has been prolonged for the duration of another investigation – through January 18, 2019. The volume of the duty is 19.15% of the customs cost. (Ukrainian metal)
DetailsThe prices of the main precious metals vary in Azerbaijan, according to the data published by the Central Bank. The cost of gold increased by 15,079 manats, to 2275,416 manats per troy ounce compared to the price on April 2. The cost of silver increased by 0.2318 manats, to 28.1628 manats per ounce. The cost…
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