In September Ukrainian metal companies consumed 135 million cubic meters of gas, down by 5 million cubic meters MoM. Average daily gas consumption stayed at the level of 4.5 million cubic meters. In January-September gas consumption increased by 3% YoY, to 1.3 billion cubic meters. Average daily gas consumption totaled 4.7 million cubic meters against…
DetailsUkrmetallurgprom believes that this year steel output will fall by 12% YoY, to 21 million tons. Pig iron and rolled metal manufacture will drop by 14%, to 20 million tons and 18 million tons respectively. “In comparison with the year 2007 pig iron output decreased by 15 million tons (by 43%), steel – by 21…
DetailsThe minister of ecology Ostap Semeral believes that the current size of the environment tax is nothing for major companies that sell metal at world prices. Thus, the environment tax size should be considerably increased. The lowest rates are in Mexico and Poland – 1 euro per ton, but in Ukraine they are 100 times…
DetailsIn January-September Russia produced 38.8 million tons of pig iron, down by 0.2% YoY. According to the Federal Service of State Statistics, in September output increased by 4.9% YoY, but dropped by 1.4% MoM. Rolled metal manufacture in 9 months went up by 1.4%, to 45.5 million tons. In September output grew by 1.6% YoY,…
DetailsIn January-September Petropavlovsk Plc produced 336.4 thousand ounces of gold at its 4 mines in Priamuriye, up by 12.8% YoY (298.1 thousand ounces). The Pioneer mine yielded 131.8 thousand ounces, up by 25% YoY, Albyn mine – 138 thousand ounces, up by 10.3%, and Malomyr mine demonstrated the growth of 9.5%. At the same time,…
DetailsZagorsky Pipe Works has won the right to conclude a long-term contract for the delivery of pipe products for the new nuclear power plant in Leningrad region. Within a year ZTZ will supply over 5 thousand meters of insulated pipes with the diameter of 1220 mm and the wall thickness of 12 mm. This is…
DetailsKarabashmed has repaired the chemical-metallurgical complex. In addition to repairing machinery in the metallurgical, sulfur acid and power shops, the company has also assembled two new Kumera converters. Since 2004 Russian Copper Company has invested over 18 billion rubles in the modernization and environment safety improvement of Karabashmed. In 2018, 2 billion rubles more will…
DetailsSergey Belan, the ex-director of Moskoks, a part of Mechel, has been appointed the managing director of Yakutugol, also a part of Mechel. The previous managing director Igor Khafizov was in August appointed director of Mechel-Mining in the Republic of Sakha (Yakutia). Pavel Stark, Mechel-Mining LLC CEO, said: “The new managing director of Yakutugol Sergey…
DetailsIn 2018 the Atmosphera mobile environment laboratory will be working on weekends and holidays and will increase its route. According to the city council people’s deputy and the chairman of the social protection, health protection and ecology commission Maxim Borodin, Mariupol Ilyich Iron and Steel Works and Azovstal have considerably decreased their buffer zones, thus…
DetailsIn January-September Severstal received $792 million of net profits, down by 39.4% YoY. EBITDA grew by 31.8%, to $1.823 billion, revenue – by 32.9%, to $5.67 billion. In Q3 net profits increased 2.2-fold QoQ, to $297 million. EBITDA dropped by 2.1%, to $616 million, revenue grew by 2.1%, to $1.972 billion. As of September 30,…
DetailsThe board of directors of Russian steelmaker Severstal has recommended paying 35.61 rubles per share, or 29.83 billion rubles, in dividends for July-September, the company said in a statement on October 17. The shareholders will discuss the recommendation at an extraordinary general meeting on November 24. The register for the meeting closes on October 30.…
DetailsPJSC Magnitogorsk Iron and Steel Works and Foundation for development of the New Technologies Development and Commercialization Center at the Skolkovo Foundation have signed an agreement to establish the MMK Research Center at Skolkovo. The agreement was signed by MMK CEO Pavel Shilyaev and President of the Skolkovo Foundation Victor Vekselberg. MMK plans to invest…
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