In Q2 Taganrog Metal Works received 357.1 million of net losses, up from 58 million rubles in Q1. The combined losses of the company in H1 total 415 million rubles, up from 328 million rubles in H1 2016. In Q2 Tagmet revenue dropped by 9% QoQ, to 8.4 billion rubles. The combined revenue in H1…
DetailsIn July Dneprospetsstal produced 21142 tons of steel and 13866 tons of rolled metal, down by 3.2% and up by 0.2% MoM respectively. The total cost of products manufactured in July was 688028 thousand UAH, up by 2.9% MoM. In January-July DSS produced 148887 tons of steel and 98499 tons of rolled metal, up by…
DetailsIn January-July Russia produced 2.4 million tons of steel structures and metal wares for construction, up by 11.8% YoY. According to the Federal Service of State Statistics (Rosstat), in July output increased by 22.8% YoY, but dropped by 12.9% MoM. (Ukrainian metal)
DetailsIn January-June Zagorsky Pipe Works increased pipes sales by 40% YoY. According to the company statement, it has shipped over 37 thousand tons of large and medium diameter pipes to its customers. The works has successfully delivered all the contracted pipes to Novatek, Arktikgaz and Lukoil, as well as supplied pipes of various sizes to…
DetailsIn Q2 Izhorsky Pipe Works started producing and shipping large diameter pipes for the project of the Kharampur gas deposits development in Yamalo-Nenets Autonomous District. Under the contract concluded in late 2016, ITZ will supply over 100 thousand tons of pipes with 1220 mm diameter and 20-28 mm wall thickness of K60 steel. The plates…
DetailsIn July Russia increased rolled metal output by 2.2% YoY and by 8% MoM. In January-July Russia produced 35.1 million tons of rolled metal, up by 0.7% YoY. Pig iron output in July dropped by 2.7% YoY, but increased by 6.2% MoM. In 7 months Russia produced 30.2 million tons of pig iron, down by…
DetailsEvraz ZSMK has finished the capital repairs of the blast furnace No. 2. The repair will improve work efficiency, increase the lifetime and decrease blast furnace manufacture impact on the environment. Evraz spent around 1 billion rubles on the furnace repair. In 2016 ZSMK repaired its BF1, in 2018 BF3 will be repaired. ZSMK blast…
DetailsOskol Electrometallurgical Works has finished modernizing capacities at its bar-rolling shop No. 2. The assembly of the main and auxiliary machinery is complete. Modernization has been carried out without shutting down the main manufacture. Investments into the project exceeded 800 million rubles. Now the company will be able to increase its rolled metal output by…
DetailsPJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, reports IFRS financial results for six months ended June 30, 2017. Consolidated revenue increased by 11% YoY, to $4.2 billion primarily owing to higher realized metal prices. EBITDA dropped by 3%, $1.7 billion primarily owing to RUB appreciation against USD and…
DetailsIn January-July Ukrainian metal companies decreased exports by 20.1% YoY, to 8.48 million tons. Steel semi-finished product exports decreased by 28.4%, to 3.46 million tons, flat rolled products by 2%, to 2.92 million tons, and long rolled products by 25.3%, to 2.09 million tons. The semis share in the export structure dropped from 45.5% to…
DetailsIn January-July Ukrainian by-product coke works produced 5.946 million tons of 6% moisture metallurgical coke, down by 21.4% YoY. In July coke output was 906 thousand tons, in June – 864 thousand tons. In July Ukrainian by-product coke producers increased output as local iron and steel works improved output as well. Dneprovsky Iron and Steel…
DetailsTalks with potential buyers of the insolvent KVV Liepājas metalurgs will conclude at the end of August, says representative of the company’s insolvency administrator Dzintars Hmielevskis. Information published in the insolvency registry states that a clarified KVV Liepājas metalurgs property sales plan has been submitted. The company’s insolvency process administrator Guntars Koris has extended the…
DetailsCenterra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the second quarter of 2017. In the first six months of 2017, KGC produced 266,023 ounces or 8274.25 kg of gold and contributed more than 4.7 billion soms in taxes and mandatory payments. During the second quarter of 2017,…
DetailsKazakhstani coal will be supplied to Bishkek HPP by the intermediary company – Rassvet Company LLC. Only one local company applied for participation in the tender. Rassvet Company has been providing the heating plant with imported fuel for several years. The procuring entity allocated 1 billion 620 million soms for the purchase of Kazakh coal.…
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