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Russia: Mechel net losses up in 2017

In 2017 Mechel increased its net loss 1.9-fold YoY, to 15.2 billion rubles. According to the company statement, its revenue decreased 2.1-fold, to 5.99 billion rubles, gross profit dropped 4.1-fold, to 3.05 billion rubles, and sales profit – 7.3-fold, to 1.5 billion rubles. Other income grew 2-fold, to 15.3 billion rubles. The company fixed liabilities…

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Ukraine: pellets exports in January 2018

In January Ferrexpo exported 921.8 thousand tons of iron ore pellets. In particular, Poltava Mining and Processing Works exported 875.3 thousand tons of pellets and Yeristovo GOK – 46.5 thousand tons. Karelsky Okatysh, a part of Severstal, Russia, exported 447 thousand tons of pellets. Metinvest in January exported 345.7 thousand tons (CGOK – 218 thousand…

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