Under the increased competition with Turkish manufacturers, decline in prices for metal products and rise in the cost of energy resources, PJSC ArcelorMittal Kriviy Rih moved to more active measures to reduce costs and enhance energy efficiency. One of them is additional motivation programs for the employees. Thus, the company has launched a quarterly contest…
In 2018 Ukraine received $9.937 billion of revenue from the export of ferrous metals, up by 14.7% YoY. According to the State Fiscal Service, ferrous metals accounted for 20.99% of all the exports last year as opposed to 20.03% in 2017. In December 2018 ferrous metals export revenue was $760.141 million. At the same time…
Uralelectromed subsidiary (Manufacture of non-ferrous metals alloys) has started a program of advanced development to increase lead output. According to the subsidiary director Tagir Khafizov, the company is constructing a new building to house a casting conveyer and a packing line. (Ukrainian metal)
In 2018 Dalpolymetal mined 858,623 tons of polymetallic ore, up by 17 thousand tons from the target. This is the highest result in the past 20 years. Last year investments in development exceeded 500 million rubles. This resulted in the processing factory producing 10.5 thousand tons of lead concentrate and 17.5 thousand tons of zinc…
Yevgeniy Baranov has been appointed the managing director of Trubodetal. He has replaced Dmitry Markov, who has been in the office since July 2015. Baranov has earlier been a director of the large diameter pipes division at Vyksa Iron and Steel Works. (Ukrainian metal)
Evraz NTMK has finished modernizing the automatization system of the continuous casting machine No. 1. The system has been in used since 1995 and has been based on Siemens S5 equipment. Following the modernization the company has switched to S7. (Ukrainian metal)
Subsidiaries of the United Mining and Chemical Company have concluded two agreements with Energy Trade Group LLC on the delivery of gas valued at 280.04 million UAH. In particular, Volnogorsk Mining and Processing Works ordered 16.8 million cubic meters of gas at 11.750 thousand UAH per 1 thousand cubic meters with the payment within 4…
In 2018 Ukraine decreased scrap exports by 33% YoY, to 327.547 thousand tons, valued at $105.646 million, down by 13.3%. According to the State Fiscal Service, in December 2018 Ukraine exported 7.488 thousand tons of scrap, in November – 3.863 thousand tons, in October – 8.274 thousand tons, in September – 7.59 thousand tons, in…