In 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,…
DetailsIn January-September Metinvest increased capital investments by 55% YoY, to $308 million. The mining segment accounted for 55% of investments as opposed to 48% in January-September 2016, while metal segment for 43% (51%). Investments in the metal segment went to Mariupol Ilyich Iron and Steel Works and Azovstal. While mining investments were transferred to Severniy…
DetailsNLMK Group, an international steel company with operations in Russia, the USA and the European Union, expands the perimeter of its “Steel Tree” environmental program and announces the launch of target grant allocation to local communities and NGO’s in Lipetsk region, Stary Oskol (Belgorod region) and Zarinsk (Altai region), where NLMK’s key companies are located.…
DetailsRosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, has exported 24 million tons of coal this year. The milestone ton was loaded on December 18 onto the Panamax bulk carrier Orange Harmony, the 332nd vessel handled from the year beginning…
DetailsPolymetal has started mining gold and silver-containing ore at the Olcha deposits in Magadan region. This year the company intends to extract 9.5 thousand tons for processing. Estimated reserves of the deposit are 400 thousand tons of ore with the average content of gold at 8.6 g per ton and silver – 22 g per…
DetailsMetinvest is pondering the construction of the complex to manufacture rolled metal with polymer coating. According to the marketing director Roman Kurashev, the group could construct two lines with the capacity of 120-150 thousand tons each. Moreover, the group is also discussing the creation of the galvanized line with the capacity of 300 thousand tons.…
DetailsArcelorMittal Kriviy Rih intends to expand the geography of its sales in Africa, while the share of its sales in CIS is decreasing. “We have recently opened a delivery channel to the countries of East Africa. We have organized an office in Tanzania to supply metal to Uganda, Rwanda, Ethiopia, Tanzania and Kenya”, the company…
DetailsThe quarry fleet of Lebedinsky Mining and Processing Works has been expanded with three BelAZs with the improved lifting capacity – 220 tons. This year under the Metalloinvest investment program the GOK has received 6 such trucks. In 2014-2016 Metalloinvest purchased around 300 units of machinery for Lebedinsky and Mikhailovsky GOKs: 232 dumpcars, 11 large…
DetailsThis month all the Metal Profil products have appeared in Kyrgyzstan. Bishkek citizens were able to start purchasing some materials in October. “Kyrgyzstan is one of the most actively developing countries in the CIS. Having started supplying products to Bishkek we are now able to fully satisfy the needs both of large dealers and private…
DetailsIn January-November Ukraine consumed 4.59 million tons of rolled metal, up by 10% YoY. According to Ukrmetallurgprom, of this volume 1.196 million tons (26%) were imported. In 11 months of 2016 Ukraine imported 23.1% of the rolled metal consumed (or 0.966 million tons out of 4.17 million tons). Flat rolled metal imports share dropped from…
DetailsIn January-November Ukraine exported 13.35 million tons of rolled metal, down by 15% YoY. According to Ukrmetallurgprom, semi-finished wares share increased to 42.3% from 30% in 10 months, while the flat and long rolled metal ratio was 34.1% and 23.6% as opposed to 29.1% and 27%. The decrease of the long rolled metal share is…
DetailsAlchevsk Iron and Steel Works has resumed operation after a 10-month idleness. According to Leonid Pasechnik, the so-called acting head of the Lugansk People’s Republic, a terrorist organization created and supported by Russia, the blast furnace No. 5 with the capacity of 1.2 million tons of pig iron per year has been put in operation.…
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