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In 2018 Metinvest enterprises paid 22.2 billion UAH to the budgets of all levels, up by 50% YoY. In particular, the group paid 11.1 billion UAH of profit tax, up by 76%. The payment of single social tax grew by 30%, to 3.1 billion UAH, and the individual income tax – by 22%, to 2.9…
DetailsIn 2018 Ukraine exported 657 thousand tons of pipes valued at $737.8 million. This is the highest result in the past 4 years. In 2015 Ukraine exported 594.1 thousand tons of pipes valued at $576.4 million. Thus, in 2018 exports grew by 9.5% and by 21.8% from 2015 respectively. Last year Ukraine exported 624.9 thousand…
DetailsStandard and Poor’s has improved the long-term loan rating of Metalloinvest from BB/Stable to BB+/Stable. The rating improvement has to do with the company debt decrease and good operational and financial results shown in 2018. S&P has also improved the ratings of the Metalloinvest Finance DAC eurobonds from BB to BB+. (Ukrainian metal)
DetailsIn 2018 Severstal sold 150 thousand tons of new types of products developed under the Product Innovations project. In particular, in late 2018 in less than a month a non-standard order was designed and produced for Severstal Steel Structures. Earlier several months would have been needed. The company produces roofing sheet and asked to make…
DetailsIn 2019 Kyshtym Electrolytic Copper Plant will switch its copper electrolysis shop to the operation on the stainless steel matrixes. At present some titanium matrixes are used in the manufacture. The switch to stainless steel matrixes began back in 2015 with the commission of a new machine. At that time 9 thousand stainless matrixes were…
DetailsUnder the program to protect environment Trubodetal is gathering manufacturing waste and submitting it for processing. Last year the company gathered 6.5 thousand tons of metal scrap. Apart form scrap, the company also submits for reuse and processing other waste: polyethylene, wood, and paper. The waste is gathered in special containers situated on the territory…
DetailsThe net profit of the U.K.-based mining giant Evraz, which operates mainly in Russia, more than tripled to $2.47 billion in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 28. Consolidated revenue rose by 18.6%, to $12.836 billion. Consolidated earnings before interest, taxes, depreciation and amortization…
DetailsSince the start of its sinter shop operation, Chelyabinsk Iron and Steel Works has produced 150 million tons of sinter. The sinter manufacture provides the blast furnace shop with high quality ore concentrate. The ChMK started producing sinter in 1956. 100 million tons were manufactured in 2008. In 2015 ChMK commissioned a new sintering factory…
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