In 2017 Ferrotrading LLC, specializing in the processing of secondary metals and alloys, decreased net profit by 34% YoY, to 8.287 million UAH. Net income grew 2.1-fold, to 214.252 million UAH. EBITDA fell to 8.404 million UAH from 12.563 million UAH in 2016. (Ukrainian metal)
DetailsIn January-March Dneprovsky Iron and Steel Works, sold by Evraz to DCH, produced 154 thousand tons of steel, down by 36.1% YoY and by 40.1% QoQ. Pig iron output fell by 34.1% YoY and by 39% QoQ, to 153 thousand tons. The fall in the output has to do with the unstable operation of the…
DetailsIn 2017 Sukhaya Balka increased net income by 28% YoY, to 4.383 billion UAH. Last year the company net loss grew 7.5-fold, to 1.173 billion UAH. Undistributed profit totaled 1.631 billion UAH. In 2017 Sukhaya Balka produced 2.513 million tons of iron ore, down by 2% YoY. Consolidated accounts receivable decreased by 79.7%, to 254.696…
DetailsIn January-March Corum Svet Shakhtera increased output by 32% YoY, to 199.5 million UAH. The main products are chain-and-flight conveyers, cutter loaders and transformer substations. “From late 2016 till January 2018 our mill fleet increased with new machines of Doosan, Mitsubishi and Taurus. Investments in the manufacture totaled 60 million UAH”, the company director Alexander…
DetailsThe Ministry of Industry and Trade intends to provide state support to domestic metal enterprises to actively increase exports. “As to the metal industry, the development of exports depends on geopolitical factors. But the deep processing both in ferrous and non-ferrous metallurgy will provide for the increase of Russia’s export potential”, the minister Denis Manturov…
DetailsThe Cabinet of Ministers of Ukraine has provided over 131 million UAH to prevent the environment catastrophe and shutting down of mines in Donbass. According to the chairman of the Ministry on temporarily occupied territories and internally displaced persons Vadim Chernysh, this decision will help regulate not only the problem of the catastrophe and allow…
DetailsThe consolidated steel output of Evraz in January-March dropped by 5.5% QoQ, to 3.3 million tons, mostly because of the decrease in pig iron production. Coking coal manufacture increased by 6.7%, to 6 million tons, thanks to the completion of works at the Alardinskaya and Uskovskaya mines’ long faces. Steel sales fell by 5.7%, including…
DetailsKubal, a Swedish plant of Russian aluminum company UC RUSAL, is in negotiations with trading floor for electric power Nord Pool to recover its access to purchases, Bloomberg reported on April 26, citing the bourse. Access to power purchases on the bourse was suspended on April 18 due to a breach of clearing rules, Nord…
DetailsIn short-term prices of metal products will remain stable, but in the mid-term they are expected to decrease. “Taking into account China’s policy, in the nearest 12 months the prices will retain their current levels”, Zaporizhstal CEO Rostislav Shurma said. “At present we are not on the worst stage of the cycle. In short-term some…
DetailsIn 2017 Zaporizhstal decreased prime cost of raw steel manufacture by $22 per ton. “We have a complex program on prime cost decrease. Last year we took some 400 measures to decrease it, which combined provided around $22 per ton”, the company CEO Rostislav Shurma said. Zaporizhstal has faced the increase of railroad, electricity and…
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