Tenaris S.A. and Severstal have announced that they will create a joint venture to build a welded pipe plant to produce OCTG products in the Surgut area, West Siberia, Russian Federation. Severstal will have a 51% interest in the joint venture company, with Tenaris owning the remaining 49%. The commencement of the project is subject…Details
Metinvest-SMC has developed and implemented a special program of preferences for metal structure exporters. “Our customers – metal structure works – have orders not only locally but also from abroad. And we react to that: our warehouses carry a range of rolled metal certified to EN”, the company CEO Dmitry Lippa said. Since mid-2018 the…Details
In 2018 the steel sales of Metinvest-SMC increased by 4% YoY. “According to our preliminary estimates, the local market has grown by some 4%. Our sales increased in this range as well”, the company CEO Dmitry Lippa said. In January-November 2018 sales exceeded 2 million tons. The company is expecting good results in 2019. “We…Details
In 2018 Metinvest enterprises mastered the manufacture of over 40 new types of products. According to the Metinvest-SMC CEO Dmitry Lippa, the novelties are in various stages of mastering: some have only been produced as trial versions, while the others have already seen an increase in sales. Now Metinvest is working to get to the…Details
Last year the growth of wages at Metinvest enterprises exceeded 30%.
According to the group personnel director Alexander Pimkin, key jobs saw a rise of 40-45%.
“Now the salary of our key employees in metal, mining and coke departments ranges within $1000-1200 in UAH equivalent”, he said. (Ukrainian metal)
As of February 1, 7 employees of the Zaporozhye Ferro Alloys Plant have fallen ill with measles.
All the diseased are over 30 years old.
One illness has been officially confirmed by the company laboratory. (Ukrainian metal)
The Severstal board of directors has recommended paying dividends for Q4 2018 in the amount of 32.08 rubles per share. The decision to pay dividends is expected to be taken at the shareholders meeting on June 7. The day recommended for the creation of the list of shareholders to receive dividends is June 18. (Ukrainian…Details
The prices of precious metals increased in Azerbaijan on February 5,according to the Central Bank. The price of gold grew by 3.4935 manats, to 2,234.9305 manats per ounce on February 5 compared to the price on February 4. The price of silver went up by 0.1598 manats, to 27.0503 manats per ounce. The price of…Details
In January Russian Railroads transported 105.4 million tons of cargo, up by 1.6% YoY. In particular, coal transportation grew by 5.2%, to 32.9 million tons, coke – by 9.1%, to 0.986 million tons, iron and manganese ore – by 7.5%, to 9.9 million tons, and ferrous metals – by 0.1%, to 6.6 million tons. At…Details
In January Irkutsk region mined 1354.5 kg of gold, up by 7.5% YoY. At present only ore gold is extracted in the region. The gold-washing season will start in May. In January 4 companies mined for gold in the region – Vysochaishiy, Ugakhan, Polyus Verninskoye and Druza LLC. The main volume was provided by Polyus…Details
In 2018 net profit of Severstal grew by 51.4% YoY, to $2.051 billion.
According to the group statement, its revenue increased by 9.3%, to $8.58 billion.
EBITDA was $3.142 billion, up by 21.9%. (Ukrainian metal)
In January Dneprovsky Iron and Steel Combine produced 230 thousand tons of rolled metal, down by 2.1% YoY. Steel output dropped by 4.7%, to 223 thousand tons, and pig iron – by 17.2%, to 207 thousand tons. In December 2018 DMK produced 204 thousand tons of rolled metal, 221 thousand tons of steel and 22…Details
In 2018 Zaporozhye Iron Ore Complex increased iron ore mining by 1.1% YoY, to 4.552 million tons. The iron content in the ore was 60.91%. Because of the lack of the rolling stock only 95% of the ore mined was shipped (4.464 million tons). In December 2018 the enterprise mined 376.1 thousand tons of ore,…Details
In January Mariupol Ilyich Iron and Steel Works increased rolled metal output by 20.6% YoY, to 293 thousand tons. Steel manufacture grew by 18.8%, to 335 thousand tons, and pig iron – by 1.2%, to 424 thousand tons. In December 2018 the company produced 261 thousand tons of rolled metal, 294 thousand tons of steel…Details
Industrial Metallurgical Holding (IMH), one of the global leading suppliers of merchant pig iron and the biggest merchant coke producer in Russia, has announced its operational results for FY 2018. In 2018, Tulachermet achieved record-high pig iron production in the whole history working with two blast furnaces. Total production increased by 3% YoY, to 2,343…Details
Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, has announced its capital investment program for 2019. In line with previous announcements, Severstal plans to invest approximately 95.7 billion rubles in 2019, focusing on the key areas of the company’s updated strategy disclosed during its Capital Markets Day in November 2018…Details
A large-scale meeting on the results of 2018 was held at the head office of AzerGold CJSC. Opening the meeting, Chairman of the Board of AzerGold CJSC Zakir Ibrahimov spoke about the reforms carried out under the leadership of Azerbaijani President Ilham Aliyev and the development of the non-oil sector. He noted that the economic…Details
The Transneft-Sibir CEO Victor Bronnikov has shown the governor of the Tyumen region Alexander Moor the site of the future complex of the Tyumen Repair-Mechanical Works. The expansion of the manufacture includes the construction of the welding and assembly shop, warehouses and infrastructure objects. The construction began in April 2018. The new complex will be…Details
In January Zaporizhstal decreased steel output by 2.5% YoY, to 354.1 thousand tons. According to the company press-service, pig iron manufacture dropped by 6.1%, to 369.9 thousand tons, and rolled metal – by 4.1%, to 289.9 thousand tons. Last year Zaporizhstal produced 4.105 million tons of steel, 4.386 million tons of pig iron and 3.537…Details
In 2018 DTEK Energo invested 8.4 billion UAH in the development of the Ukrainian coal mining industry and switching its heat and power plants to consuming local coal. In particular, investments in coal mining totaled 4.8 billion UAH. This allowed commissioning 36 new long faces, mining 24.132 million tons of coal, up by 5.3% YoY.…Details
In January Ukraine produced 1.817 million tons of steel, down by 3.6% MoM. Pig iron manufacture dropped by 4.4%, to 1.752 million tons. At the same time rolled metal output grew by 3%, to 1.566 million tons. As compared to January 2018, pig iron manufacture decreased by 11.5%, steel – by 6.5% and rolled metal…Details
In December 2018 Russia produced 4.175 million tons of pig iron, down by 9.3% YoY (4.04 million tons in November 2018). In the whole 2018 year pig iron output dropped by 1.6% YoY, to 51.2 million tons. Ukraine, no longer a part of CIS, decreased pig iron output in December 2018 by 3%, to 1.832…Details
Ferrexpo plc, controlling PGOK and EGOK, expects to reach $500 million of EBITDA in 2018.
The group plans to announce its 2018 financial results on March 20.
In 2017 Ferrexpo net profit grew 2.1-fold YoY, to $394.47 million, with revenue up by 21.4%, to $1.197 million.
EBITDA increased by 46.9%, to $551 million. (Ukrainian metal)
Izhorsky Pipe Works has concluded an agreement with Gazprom Komplektatsia to supply 107.218 thousand tons of large diameter pipes valued at 8.186 billion rubles ($125 million).
The pipes have to be delivered in October.
The auction was held in late December 2018. ITZ had no competitors. (Ukrainian metal)