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Metinvest works on the Ukraine-uncontrolled territory, that were seized in March 2017, last year increased losses 10-fold YoY, to $352 million. According to the group, as of March 15, 2017, the cost of assets of Yenakievo Iron and Steel Works, Metalen, Makeevka Iron and Steel Works, Krasnodonugol, Khartsyzsk Pipe Works, Komsomolskoye Ore Group and Donetskkoks…
DetailsIn January-February Ukrainian metal companies produced 2977 thousand tons of rolled metal, of which 2643 thousand tons, or 88.7% were exported. According to Ukrmetallurgprom, local customers received only 334 thousand tons (11.3%). In January-February 2017 Ukraine produced 3188 thousand tons of metal and exported 2536 thousand tons (79.5%), with the rest (652 thousand tons or…
DetailsThe illegally nationalized Kerch Iron and Steel Works needs employees. According to the HR office of the company, it is going to hire machine operators, turners, milling machine operators, crane operators, planers, punchers, mechanics, etc. The usurpers promise monthly bonuses in addition to salary. (Ukrainian metal)
DetailsSeverstal has bought out all the remaining eurobonds with maturity in 2018. According to the group statement, it has paid $548.62 million for them. “Thus, our obligations to the bond holders have been completely fulfilled”, the company said. Eurobonds valued at $600 million were issued by Steel Capital SA in 2013 with the interest rate…
DetailsKara-Balta mining plant may start working in the near future, the Mining and Metallurgical Trade Union reported. According to it, the management of the plant agreed with Canadian investors on cooperation in the development of uranium deposits Tash-Bulak and Kyzyl-Ompul. Thanks to this, it will be possible to significantly increase production volumes and reach profits.…
DetailsOn March 19 the state enterprise Lvivugol cleared the salary debt for January to its employees. According to a company representative, it has received a tranche of 15 million UAH from the state company Ugol Ukrainy, which allowed it to completely pay out the debt. Lvivugol will also be able to pay 12% of the…
DetailsThe Ukrainian Prime Minister Vladimir Groysman has sent a letter to the US government asking it to remove Ukrainian metal products from 25% duty sanctions. On March 8 Donald Trump announced the imposition of a 25% duty on metal from all countries, except for Canada and Mexico, to protect the local market. In 2015 Ukraine…
DetailsEnergomashspetsstal will supply two bulk supporting rolls with the combined weight of 230 tons to Anyang Steel (China). According to the company statement, the first roll will be supplied in October, and the second – in February 2019. The rolls will be used in hot-rolling 3500-mill. (Ukrainian metal)
DetailsIn 2017 Chasov Yar Refractory Works decreased net profit by 25.8% YoY, or by 9.8 million UAH, to 28.26 million UAH. The company assets as of late 2017 totaled 314.68 million UAH, current liabilities – 19.616 million UAH, fixed liabilities – 14.809 million UAH and consolidated accounts receivable – 33.882 million UAH. In 2016 the…
DetailsNLMK Group, an international steelmaking company, spent over 5.7 billion rubles on environmental projects and initiatives in 2017. Whilst steel output grew by 2% YoY in 2017, specific emissions at NLMK Group’s Russian companies decreased by 1.5%, to 20.5 kg per ton of steel, water consumption decreased by 8%, and the recycling rate was 86.9%.…
DetailsIn February Kazakshtan produced 0.355 million tons of steel, down by 6.6% MoM, but up by 9.2% YoY. In 2 months steel output grew by 5.8%, to 0.736 million tons. Ferroalloys manufacture in February reached 0.154 million tons, up by 4.2% YoY, but down by 9.9% MoM. In January-February ferroalloys output increased by 3.2% YoY,…
DetailsThe cost of gold increased by 1.59 manats to 2229.856 manats per troy ounce in Azerbaijan on March 19, according to the data published by the Central Bank. The cost of silver decreased by 0.25%, to 27.6662 manats per ounce, the cost of platinum decreased by almost 20.48%, to 1605.361 manats and the cost of…
DetailsIn 2017 Interpipe Nizhnedneprovsk Pipe works received 313.396 million UAH of net profit as opposed to 1136.428 million UAH of net loss in 2016. According to the company statement, its current liabilities increased by 49.3%, to 11695.211 million UAH, with fixed liabilities up by 3.2%, to 3789.075 million UAH. At the same time accounts receivable…
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