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In January-November, Ukraine decreased ferroalloys exports 4.7-fold YoY, to 72.446 thousand tons. According to the State Customs Service, revenue decreased 3.5-fold, to $83.97 million. Ferroalloys were exported to Poland (26.97% in monetary terms), Turkiye (22.72%) and Italy (18.37%). Over 11 months, Ukraine imported 79.299 thousand tons of ferroalloys valued at $134.88 million, up from 7.819…
DetailsThe auctions to sell arrested iron ore, stored in the port of Pivdenniy, were not held again. Two batches of the arrested ore were put up for sale at a price twice lower than during the first auctions. The first batch of iron ore with the weight of 41989 tons, for which the price at…
DetailsCentravis has received an order for seamless pipes for a new plant to produce hydrogen in Ulsan, South Korea. The volume of delivery is 15 tons. A client has ordered pipes for furnaces. This is not the first order for hydrogen projects in Centravis’ portfolio. In particular, the company participated in the project to produce…
DetailsThe ArcelorMittal Steel Plant in Hunedoara announced it decided to reduce its activity from December 9 until the end of 2024 as a consequence of the lack of orders during this period. The company will pay 75% of the wages to its 600 employees. The company’s losses more than doubled to RON 80 million (EUR…
DetailsThe U.S. Treasury Department’s decision to impose sanctions on Gazprombank poses a potential major challenge to Uzbekistan’s growing mining industry, which has relied on the Russian bank for financing the expansion of the $4.8-billion copper mine project, expected to nearly double the country’s copper production. With Gazprombank now excluded from the international payment system, Uzbekistan…
DetailsArcelorMittal Kriviy Rih expects a further drop of metal output, as well as VAT reimbursement by 100-150 million UAH per month and foreign currency revenue by $50-100 million in case the electricity transmission tariff increases by 26%. On November 13, it was decided that the tariff for electric energy transmission would be increased from 528.57…
DetailsA project is being implemented as part of a partnership between Kazakhstan and the United Kingdom in the field of critical minerals. British companies are negotiating supply contracts with Kazakhstani manufacturers of tungsten products. Contacts have been established with six brokers from the UK and three end users of the products. The event, organized by…
DetailsThanks to the operation of the maritime corridor the metal industry this year will improve its manufacture compared with 2023. But the growth will be tiny, president of the Ukrainian Association of Metallurgists and Miners Oleksander Kalenkov has said. “This year has shown some improvement at our enterprises. I think that we will reach 7.2-7.3…
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