In January-February, Interpipe Steel increased steel output by 4.8% YoY, to 138.2 thousand tons. In February, the company produced 72.9 thousand tons of steel, up by 11.6% MoM. Last year Interpipe Steel increased steel output by 4.2% YoY, to 854.5 thousand tons. (Ukrainian metal)Details
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Mechel is mulling the sale of Elga coal complex as a part of planned debt restructure. The company has been negotiating with a potential buyer since January. So far, no legally binding agreements have been concluded. In late January, it was reported that Yota wanted to buy the Elga coal deposit from Mechel and Gazprombank.…Details
Due to the threat of the coronavirus infection (COVID-2019) spread and in line with the new provisions of Russian laws stipulating the possibility of holding Annual General Shareholders’ Meetings in 2020 by absentee voting, NLMK’s Board of Directors has resolved to hold the NLMK AGM on 2019 results on April 24 in the format of…Details
The net profit attributable to shareholders of the Russian metals and mining group Mechel dropped by 81%, to 2.409 billion rubles in 2019, as calculated under International Financial Reporting Standards (IFRS). Consolidated revenue decreased by 5%, to 296.567 billion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) went down by 29%, to 53.428…Details
Imposition of a duty on Russian coal will have a positive impact on the Ukrainian coal industry, Acting Minister of Energy of Ukraine Vitaliy Shubin has said. “The government is taking steps to resolve the situation in the energy market. In particular, the Cabinet of Ministers adopted a resolution on the introduction of a special…Details
In January-February, Ukraine increased steel output by 0.4% YoY, to 3.553 million tons. Rolled metal output grew by 7.3%, to 1.68 million tons, but that of pig iron dropped by 4.6%, to 3.14 million tons. Iron ore concentrate manufacture increased by 3.4%, to 10.547 million tons, but that of sinter fell by 0.3%, to 5.137…Details
In January-February, by-product coke plants imported 1.31 million tons of coking coals and coal concentrate, down by 30% YoY. Deliveries of Ukrainian coal to domestic metal companies totaled 700 thousand tons, up by 53% YoY. By-product coke plants received 2.01 million tons of coal, down by 14%. The share of imported coal was 65.2%, down…Details
The Nordgold SE board of directors decided to sell the Zun-Kholba deposit in the Republic of Buryatia. The sale is expected to take place until the end of the year, and the company has already carried out negotiations with some buyers. As of December 31, 2019 the balance cost of the deposit was $25.1 million.…Details
According to its modernization program, Zaporizhstal has received two new railroad cranes with the lifting capacity of 25 and 80 tons. Investments in the purchase totaled some 62 million rubles. The new cranes will be used to load and unload technical cargo and raw materials, in construction, as well as capital and current repairs. At…Details
Some 400 tons of 20P channel made of S355 steel at Evraz NTMK were shipped by Evraz Metal Inprom for the construction of the wintering complex of the Russian Antarctic Station “Vostoc”. The channel was shipped in December 2019 – January 2020. The channel was specifically made to withstand the temperature of minus 60 degrees…Details
Aleksandrinskaya Mining and Ore Company has started preparing to develop the lowest, fifth horizon at the Chebachye mine. The fifth horizon is situated at the depth of 420 meters. Reserves amount to 700 thousand tons of ore. Mining is expected to start in 2022. At present the company is mining at three horizons at the…Details
In 2019, following a large-scale reconstruction in the blast furnace and oxygen-converter shops, Chelyabinsk Iron and Steel Works decreased pig iron output by 8% and steel by 7% YoY. Bars sales dropped by 8%, while shapes grew by 2% and rails – by 15%. Mechel rails sales, without deliveries to RZD and for exports, increased…Details
MMK Group has successfully implemented a new system that was designed and introduced by the corporate development department of MMK InformService. The system allows MMK to automate its work with documents, including creating, approving, signing and issuing orders and monitoring their execution. The development helps to speed up information flows within the company, as well…Details