Last year VSMPO-Avisma increased titanium sales by 14% YoY. The company revenue dropped by 4.9%, to 72.435 billion rubles, with net profits down by 28%, to 19.138 billion rubles. The main factor of the decrease was the strengthening of the ruble, resulting in the drop in export revenue in rubles by 9%. EBITDA decreased by…Details
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The United Metal Company has been named the best manufacturer of pipe products for the oil and gas industry in 2017. The company was awarded this title in 2012, 2013, 2015 and 2016 as well. The results of the rating are based on the survey of major Russian industry players. (Ukrainian metal)Details
In the first 13 days of March the average daily metal output increased by 2-4% MoM. As of March 13, 19 out of 21 blast furnaces, 12 out of 16 converters, 8 out of 9 open-hearth furnaces, 7 out of 15 electric arc furnaces and all the 14 continuous casting machines were in operation. In…Details
In February Ukrainian metal companies consumed 160 million cubic meters of natural gas, down by 20 million cubic meters MoM. Average daily consumption dropped by 0.1 million cubic meters, to 5.7 million cubic meters. In January-February Ukrainian metal companies consumed 340 million cubic meters of natural gas, down by 12% YoY. Average daily consumption totaled…Details
In February deliveries of scrap metal to Ukrainian metal works dropped by 20 thousand tons MoM, to 225 thousand tons, or 93% of the need. According to Ukrmetallurgprom, in January-February metal companies received 470 thousand tons of scrap, up by 3% YoY, or 97% of the need. In February scrap stocks at metal companies grew…Details
In January-February Ukraine produced 2977 thousand tons of rolled metal, of which local customers received only 334 thousand tons, or 11.3% of the total volume. “In January-February 2017 of 3188 thousand tons produced 2536 thousand tons (79.5%) were exported, while the rest (652 thousand tons, or 20.5%) were sold domestically”, reported Ukrmetallurgprom. This year Ukraine…Details
Magnitogorsk Iron and Steel Works (MMK) operated its coated steel facilities at maximum capacity utilization in 2017. As a result, MMK once again confirmed its status as the leading producer of this product in Russia. This was highlighted by Senior Manager of Coated Metal Sales Group at PJSC MMK Alexey Oleynik during his speech at…Details
Russian metals holding Metalloinvest has launched a 1.3-billion ruble concentrate intake facility with a capacity of 3.2 million tons at the Mikhailovsky GOK ore mining and dressing plant, the company said in a statement. The facility takes and unloads iron ore concentrate from the Lebedinsky GOK plant and passes it to production units of the…Details
In January the subsidiaries of the United Mining and Chemical Company concluded 7 agreements on the services of transportation valued at 258.35 million UAH. In particular, Volnogorsk Mining and Processing Works ordered Unitrans Operator LLC railroad transportation of dry cargo valued at 104.77 million UAH. Irshansk Mining and Processing Works will pay the company 62.17…Details
In January-February Ferrexpo produced 1.675 million tons of iron ore pellets, down by 3.8% YoY. Concentrate output dropped by 6.4%, to 2.019 million tons. In February Ferrexpo produced 771 thousand tons of pellets and 926 thousand tons of concentrate. Last year Ferrexpo decreased pellets production by 6.8% YoY, to 10.444 million tons. (Ukrainian metal)Details
Kyshtym Electrolytic Copper Plant has finished the assembly of a new cooling stack. The equipment has been installed under the project to modernize and increase capacity of the company copper wire rod output. As the company plans to increase output, more water will be needed. Thus the cooling stack has more powerful pumps and fans.…Details
ChTPZ has supplied some 6 thousand tons of large diameter pipes to Uzbekistan. The customer was Enter Engineering, one of the leaders of the Central Asia oil and gas construction market. The pipes with the diameter of 1020 mm and the wall thickness of 10 mm and outer three-layer corrosion-resistant coating were made of K52…Details
Central Mining and Processing Works has preliminary approved major deals for this year, in particular, loan agreements, bonds issue, etc. under Metinvest B.V. financing valued at $8 billion. Earlier, on March 14, Ingulets Mining and Processing Works had an extraordinary shareholders meeting with the similar agenda. Azovstal and Avdiivka Coke and Chemical Works will hold…Details