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In 2018 Kosaya Gora Iron and Steel Works received 354 million rubles of net profit, up by 29% YoY. Last year the company sold 13.74 billion rubles worth of products, up by 13% YoY. Sales profit fell by 22%, to 570 million rubles. (Ukrainian metal)
DetailsAccording to Chelyabinsk Zinc Works commercial department director Alexander Pechenkin, in 2018 the zinc shortage on world market in 2018 was some 348 thousand tons. Its reserves dropped by 143 thousand tons, to 880 thousand tons. This year, compared with 2016, the forecast growth of zinc consumption in Russia will reach 20%. The zinc shortage…
DetailsRussia has asked the World Trade Organization (WTO) to form an arbiter panel in its dispute with the E.U. on the union’s anti-dumping duty on cold-rolled steel imports, the Economic Development Ministry said. The duties, introduced in 2016, amount to 18.7% for products of Magnitogorsk Iron and Steel Works (MMK), to 34% for Severstal, and…
DetailsCrispian Investments, owned by tycoon Roman Abramovich and his partners, has no plans to sell more shares in Russian metals giant Norilsk Nickel, Crispian’s co-owner Alexander Abramov said. On March 12, a financial market source said that Crispian offered a 1.7% stake in Norilsk Nickel for about $560 million, or about 13,450 rubles per share.…
DetailsIn 2018 Russia exported 109.2 thousand tons of corrosion-resistant steel scrap valued at $120 million, up by 0.7% and by 13% YoY respectively. This is also the highest result in 10 and 6 years respectively. Scrap with nickel contents of 8% and more accounted for some 75% of exports. (Ukrainian metal)
DetailsIn 2018 Russia imported 309.5 thousand tons of flat corrosion-resistant steel valued at $712 million, up by 10.5% and by 17% YoY respectively. This is also the highest result in the past 10 years. Sheet with the width of 600+ mm accounts for some 90% of imports. The main supplier was China (51%), which increased…
DetailsThe Ministry of Industry and Trade intends to hold a number of meetings with the management of the major metal companies to discuss a potential embargo on the steel scrap export. According to a ministry representative, the issue has to do with the trend to limit the export of scrap as a product of the…
DetailsIn 2018 Metalloinvest received 1.647 billion rubles of net profit, up by 17.1% YoY. Revenue grew by 15.3%, to 7.187 billion rubles. The output of pellets and hot-briquetted iron reached 27.7 million and 7.8 million tons respectively. EBITDA went up by 38.4%. (Ukrainian metal)
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