The authorities of Chelyabinsk region will not provide Chelyabinsk Pipe Works with state guaranties for the third time to cover its obligations to buy metal from Magnitogorsk Iron and Steel Works. According to the regional ministry of finances the company has no necessity to get such a guarantee. The regional state guarantee was granted to…
DetailsIn January-September Metinvest B. V. (the Netherlands) sold 3.363 million tons of metal valued at $1.843 billion on the European market as opposed to 3.541 million tons at $1.447 billion in 9 months of 2016. According to preliminary results for January-September, in Ukraine the group sold 2.019 million tons of metal at $1.214 billion against…
DetailsThe Magnezit Group, the largest manufacturer of refractory materials in Russia, has signed a memorandum of cooperation with Mitsui Bussan Metals Co Ltd (Japan) on the delivery of 4 thousand tons of refractories by 2020. In particular, the companies intend to conclude a long-term contract for the delivery of 4 thousand tons of fused magnesia.…
DetailsIn November Ukraine decreased steel output by 4.9% YoY, to 1.85 million tons, having retained the 13th place among 66 countries – main steel producers, according to Worldsteel. Ukraine lags behind Taiwan with 1.9 million tons, up by 8.6% YoY. The rating is headed by China with 66.151 million tons produced in November, up by…
DetailsMagnitogorsk Iron and Steel Works was awarded by Russia’s Ministry of Natural Resources and the Environment for its active environmental protection policy. Government experts awarded MMK top marks for its large-scale environmental projects this year. The awards ceremony took place on December 12 at the Ministry’s Federal Environmental Council in Moscow. MMK’s Director of Occupational…
DetailsThe state enterprise Lvivugol has ordered Zakhist Trade LLC the delivery of mining rescuing equipment valued at 25.45 million UAH. This year the company will supply 2679 self-rescuers manufactured by Dezega SP (Turkey) at 9500 UAH apiece. In June the state enterprise Selidovugol ordered another company the delivery of the previous version of these self-rescuers…
DetailsZaporozhye Titanium and Magnesium Works has ordered Mars-A LLC the delivery of coal valued at 8.98 million UAH. This year the company has to supply 1500 tons of AM coal at 5986 UAH per ton, or $226 per ton. In October the same company sold coal of unknown grade to ZTMK at 5405 UAH per…
DetailsMetinvest consolidated revenue in January-September increased by 36% YoY, to $6.222 billion. “This has to do mostly with the growth of metal products and iron ore prices”, the group said in a statement. The increase of demand resulted in the growth of flat rolled metal sales by 433 thousand tons, slabs by 121 thousand tons,…
DetailsSKAD Casting-Mechanical Plant (Krasnoyarsk region), one of the largest aluminum alloys wheels manufacturers in Russia, this year has increased output by 27% YoY, to 1.2 million wheels. So far exports account for 40% of sales. In 2018 the company will increase investments in modernization and development. This will allow SKAD to increase output by 200-250…
DetailsDuring a tour of the ECOTECH 2017 Exhibition, RF Minister of Natural Resources and Environment Sergey Donskoy and Honorable Forum delegate, UN Deputy Secretary General, Executive Director of the United Nations Program for the environment Erik Solheim visited the RCC stand. The minister described the RCC Exhibition to the high-ranking guest as an example of…
DetailsThe supervisory board of Yuzhniy Mining and Processing Works has appointed Elena Sherstyuk, the ex-financial director of Evraz Sukhaya Balka, a member of the board. The decision was taken on December 15. Sherstyuk has replaced Anna Orlova, who in 2006-2011 was the financial department director at Zapadnosibirsky Iron and Steel Works, in 2011-2014 a member…
DetailsIn January-September Metinvest EBITDA grew by 39% YoY, to $1.373 billion mostly thanks to the mining segment share increase by $653 million. Metal segment EBITDA dropped by $273 million. “The increase of the consolidated EBITDA mostly has to do with the sales prices growth on the background of sales to such strategic markets as Europe,…
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