Novolipetsk Iron and Steel Works has chosen the supplier of equipment for the scheduled repair of the converter No. 1 in the converter shop No. 2. The Boiler Equipment Works (the city of Beloretsk) will produce and supply the gas outlet equipment for the cooling boiler. The repairs will start in H2 2018 and will…Details
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The Zaporozhye enterprises paid over 1 billion UAH to the city budget in January-July. The personal income tax amounted to more than half of all taxes – 654 million UAH, up by 357 million UAH YoY. The growth of the personal income tax was caused mostly by the salary increase at major companies. For example,…Details
In January-June Rusal placed eurobonds valued at $600 million with the 5-year maturity rate and the interest of 5.125%, as well as panda-bonds for 1 billion yuan ($150 million) for 2+1 years with 5.5%. The group has also placed $500 million worth of eurobonds for 6 years with 5.3% interest. Rusal has signed a new…Details
In January-June Rusal increased earnings by 22.3% YoY, to $4.674 billion, mostly because of the LME aluminum price increase and the company sales growth by 3.8%. Earnings in Q2 went up by 7.4% QoQ, to $2,467 billion. The share of the high added value products increased to 49.2% from 44.3%. Corrected EBITDA in Q2 grew…Details
In January-July Chepets Mechanical Works received 1.134 billion rubles of net profits, up by 12% YoY, with earnings up by 3%, to 6.686 billion rubles. The works has signed a contract with Hermit GmbH for the delivery of titanium products to Europe. In 5 years the company will supply over 1 thousand tons of titanium…Details
In July Russia shipped 9.2 million tons of iron ore, up by 2.2% YoY, with 63.8 million tons shipped in 7 months, down by 0.2% YoY. Local sales increased by 2%, while exports dropped by 2%. Ukraine and Hungary stopped importing iron ore altogether, while Slovakia, Finland and Germany decreased imports by 70%, 2-fold and…Details
Norilsk Nickel, one of the largest refined nickel and palladium producer in the world, reports that on August 24 its Board of Directors considered to call an Extraordinary General Meeting of shareholders (EGM) on September 29 and set the EGM record date (the list of shareholders eligible to vote) on September 5. The Board of…Details
Gold production in the Chukotka Autonomous District is to decrease by 3 tons in 2017 due to reserve depletion on some of the deposits, head of the region Roman Kopin reported on August 24. “The amount expected in 2017 is 26 tons,” Kopin said. Chukotka Mining and Geological Company and Severnoye Zoloto, units of Kinross…Details
The net loss of Russian gold producer Lenzoloto tripled to 1.072 billion rubles in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on August 24. The pre-tax loss also tripled to 1.091 billion rubles, income from sales fell by 17.5%, to 2.396 billion rubles, including income from gold…Details
The Russian Railroads decided to change the level of the railroad tariff for export transportation of aluminum and aluminum wire rod. The new decreased tariff will be 0.867 from the current. The new tariff will be used when transporting aluminum and wire rod in a combined volume of not less than 3.466 million tons in…Details
A separate shop to produce copper wire rod was created at Kyshtym Electrolytic Copper Plant in 2007. With the new Southwire continuous casting technology the works increased wire rod output from 10 thousand tons to 100 thousand tons per year. Now the company has begun another modernization project. It plans to install a new casting…Details
Cherepovets Iron and Steel Works has started commissioning the polymer coating mill in the metal coating shop No. 3 being constructed. The first trial coil has already been produced. The new complex will be put into operation in September. The metal coating shop No. 3 will include the continuous dip-galvanizing machine with the capacity of…Details
EVRAZ NTMK has for the first time shipped a lot of 240 BA220 passenger railway wheels to Deutsche Bahn, the largest German operator. BA220 railway wheels are a new product for the works. The wheels are manufactured of ER7 steel grade and demonstrate rim hardness of 235 HB and above; wheel diameter is 920 mm.…Details