The net profit of Russia’s Chelyabinsk Zinc Plant rose by 35.7%, to 5.379 billion rubles in 2017, as calculated under Russian Accounting Standards (RAS), the company said in a report on March 28. Revenue rose by 26.7%, to 29.67 billion rubles, the gross profit increased by 14.2%, to 8.286 billion rubles, and cost of sales…Details
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Security Institutions should check the winner of the auction for the sale of KVV Liepājas metalurgs rolling stock equipment – Austrian Smart Stahl GmbH, said Economy Minister Arvils Ašeradens. The minister said the buyer picked for KVV Liepājas metalurgs rolling stock equipment would be checked as soon as they transferred the money, thereby demonstrating readiness…Details
In January-February Ukraine consumed 527 thousand tons of metal, of which 193 thousand tons, or 36.6% were imported. In January-February 2017 local market consumed 788.1 thousand tons, of which 136.1 thousand tons, or 17.3% were imported. Thus, while the consumption fell by 33%, imports grew by 42%. The share of the flat rolled metal in…Details
In 2017 Mariupol Ilyich Iron and Steel Works received 828.06 million UAH of net losses, up 5.4-fold YoY. According to the company statement, negative EBITDA grew 3.3-fold, to 966.21 million UAH. At the same time last year Mariupol Ilyich increased net income by 58.7% YoY, to 56.64 billion UAH. The uncovered losses as of late…Details
In 2017 Kamensk-Uralsky Iron and Steel Works received 769.35 million rubles of net profit, down 9-fold YoY. In 2016 the net profit exceeded 6.8 billion rubles. Revenue grew by 10%, to 24.98 billion rubles. Sales profit last year increased by 10%, to 3.97 billion rubles. (Ukrainian metal)Details
Aktyubinsk Copper Company LLC has finalized the deal on attracting a $250-million loan. The money is given for 5 years. The banks have shown a particular interest in the deal. Natixis was its organizer and coordinator. 11 international institutions participated in the deal, including ING Bank, RCB Bank Ltd, Société Générale, etc. AMK produces copper…Details
In 2017 the Russian Copper Company received around 130 billion rubles of revenue, up by 6% YoY. The net profit in the period remained on the 2016 level at 16.2 billion rubles. Last year the RCC enterprises produced over 183 thousand tons of cathodes and 104 thousand tons of copper wire rod, up by 3%…Details
Cherepovets Iron and Steel Works has increased its covered warehouse territory for metal scrap in the industrial port to 32 thousand tons. The new hangar (135x24x14 m) is made of metal carcasses weighing over 90 tons and a tent with double-sided PVC-coating. The increase of warehousing premises has to do with the growth of galvanized…Details
MMK is carrying out the construction of the sintering factory with no analogues in Russia. The preparation works began in December 2016. Now the metal structures are being assembled. In December 2017 the company warehouses received 2.5 thousand tons of Sinosteel machinery. The Chinese party intends to supply some 22 thousand tons. The cost of…Details
In January-February Ukraine produced 2.98 million tons of rolled metal, down by 7% YoY. At the same time 2.64 million tons of rolled metal were exported, or 88.7% of the total output. In January-February 2017, 2.54 million tons of rolled metal were exported, or 79.5% of the output (3.19 million tons). The main export markets…Details
The State Geology and Subsoil Service has provided the company Petro-Consulting with the special license to mine for lithium ores at the Shevchenkovskoye lithium deposits in Donetsk region. The company has been granted the license for 20 years. As of early 2018 the deposits were not developed. In early March the Kirovograd region council granted…Details
In February Vyksa Iron and Steel Works shipped 194.3 thousand tons of pipes via railroad, down by 24.6% MoM, but up by 15.8% YoY. In January-February the sales increased by 32.2% YoY, to 452.2 thousand tons. Sales to Russian customers grew by 53.3%, to 380 thousand tons, while exports dropped by 23.4%, to 72.2 thousand…Details
The total economic effect from the implementation of projects to improve the energy efficiency of production processes at the Magnitogorsk Iron and Steel Works in 2017 amounted to about 1 billion rubles. Work to improve energy efficiency was carried out at all levels of the plant’s industrial site. As in previous years, the company’s energy…Details