The oxygen-converter shop of Magnitogorsk Iron and Steel Works has reached an important milestone – 200 million tons of steel. At present this is one of the most efficient shops in the world. This is also the main steel smelting division of MMK, which yields over 80% of the total steel, or around 10 million…Details
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In January-March Seaport St. Petersburg handled 1.8 million tons of cargoes, up by 4.6% YoY. According to the company statement, the positive dynamics has to do with the increase of metal exports. In particular, throughput of ferrous metals exceeded 1 million tons, up by 57% YoY, non-ferrous metals – 0.4 million tons, up by 1.2%,…Details
Kamensk-Uralsk Non-Ferrous Metals Processing Works, a part of Renova, in 2016 received 6.5 billion rubles of revenue, flat YoY. The company net profits decreased 5.6-fold, to 6.1 million rubles. “Taking into account the stabilization of the market situation in many industries we await positive financial results in 2017. One of our goals is to reach…Details
In February Metinvest increased EBITDA 3.6-fold YoY, to $151 million. According to the company statement, the result is down by 2.6% MoM. The group revenues in February increased by 40.6% YoY, to $592 million, but decreased by 1% MoM. (Ukrainian metal)Details
Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the first quarter of 2017. First Vice-President – Chief Operating Officer, Sergey Dyachenko commented on the Q1 production results: “The decline in metal production volumes in the first quarter was scheduled as it was resulting primarily from…Details
Severstal-metiz, a holding uniting metal ware assets of Russian steelmaker Severstal, has closed the sale of Italy’s Redaelli Tecna S.p.A. to Austria’s Teufelberger Wirerope GmbH for 50 million euro, Severstal said in a statement on May 2. A binding agreement was signed in January. The sale will allow Severstal-metiz to focus on operations on the…Details
Primstroitel Company has received the status of resident of the Free port and intends to construct a metal wares plant in Vladivostok. Investments will total 335 million rubles. This will be the first metal wares plant on the Far East. The project will be carried out in several stages. Manufacture will commence in 2022. The…Details
Kamsky Iron and Steel Works TEMPO intends to produce 30 thousand tons of rebars in May. The manufacturing plan for April is 25 thousand tons. According to the company commercial director Radik Sharifullin, in autumn the works will reach the level of 40 thousand tons. The company key sales markets are Central Federal District and…Details
In 2016 Interpipe Nizhnedneprovsk Pipe Works decreased net income by 11.6% YoY, to 5052.242 million UAH. The works net losses increased by 40.3%, to 1136.428 million UAH. Last year Interpipe NTZ produced 100.993 thousand tons of seamless pipes (96.994 thousand tons in 2015), 43.297 thousand tons of casing pipes (57.072 thousand tons), as well as…Details
The Severniy Mining and Processing Works shareholders decided to spend half of 3.6 billion UAH of net profit, received in 2016, on dividends (1.8 billion UAH). The rest will become undistributed profit. The company current liabilities last year increased by 58.2%, to 5.9 billion UAH, and fixed – by 11.9%, to 2.2 billion UAH, with…Details
In 2016 Sibir-Polymetally, a part of UMMC, decreased capital investments 3.6-fold YoY, to 1.08 billion rubles. According to the company statement, new equipment was purchased for 108.7 million rubles, and capital repairs saw the investments of 550.1 million rubles. Last year the company received 205.833 million rubles of net losses as opposed to 97.814 million…Details
The Federal Customs Service has put Chelyabinsk Zinc Works in the low risk category. The customs control of products exported from or purchased by ChelZinc will be carried out not in full volume. “The main advantage of this registry is the saving of time when products move through the customs border of Russia. This is…Details
Last year’s blackout has reportedly cost the Tajik Aluminum Company (TALCO) more than $8 million. Over the first two months of this year, Tajik aluminum smelter has reduced aluminum production by 36.3% YoY, according to the Ministry of Industry and New Technologies (MoINT). In January-February, TALCO produced only 16,300 tons of primary aluminum, down by…Details
In January-February Russia imported 78.1 thousand tons of ferrous scrap from Kazakhstan, up 2.4-fold. This is also the highest result for the last several years. Chelyabinsk region imported 46% of Kazakh scrap, Krasnoyarsk krai – 32%, and Saint Petersburg – 8%. (Ukrainian metal)Details
In January-February Russia imported 281.5 thousand tons of steel products from Kazakhstan, up by 115% YoY. According to the customs statistics, flat rolled steel accounted for 92% of imports, with 56% being steel of 3 mm thickness and higher, up 3-fold YoY. Sheet steel accounted for 33%, up 1.8-fold. Galvanized steel supplies increased by 103.4%,…Details
The largest Russian gold miner Polyus in January-March increased output by 17% YoY, to 450 thousand ounces. According to the company statement, the growth was stipulated by the output increase at Olimpiada, Blagodatnoye and Kuranakh deposits. Ore processing increased by 4%, to 6.6 million tons. Ore mining went up by 26%, to 8.6 million tons.…Details
In 2016 the total earnings of Chelyabinsk Zinc Works increased by 26% YoY, to 30347 million rubles. The main driver for the growth was the zinc price rise at LME – by 9% YoY, to $2095 per ton. The company net profits totaled 4016 million rubles as opposed to 3750 million rubles in 2015. EBITDA…Details