Russia: SUEK net profits up in H1 2017

In January-June Siberia Coal and Power Company increased its net profits 3.4-fold YoY, to $322 million. The company earnings went up 1.5-fold, to $2.661 billion. Capital investments totaled $313 million, up 2-fold YoY. EBITDA increased 1.7-fold, to $716 million. Coal mining in 6 months reached 53.6 million tons, up by 1% YoY. Coal sales increased…

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Russia: Aluminum Association approves of Sverdlovsk region producing aluminum semis

Sverdlovsk region aluminum companies are capable of producing almost any semi-finished products on their own and substituting imports. According to the Aluminum Association chairman Valentin Trischenko, at present the region imports some 3.5 thousand tons of aluminum semis. “The potential of the regional aluminum companies allows not only substituting imports, but even exporting products”, he…

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Russia to get new rebars GOST in 2018

From January 1, 2018 Russia will get the new interstate GOST 34028-2016 “Rolled reinforced bars for ferroconcrete structures. Technical conditions”, which will replace the current standards. According to the Center of standardization and metal products certification of the Research institute on ferrous metallurgy named after Bardin, the new GOST sets obligatory characteristics, which the rebars…

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