Evraz has agreed on the sale of its vanadium manufacturer Evraz Stratcor Inc. to a third party. The sum of the deal is not disclosed. It is expected the deal will be finalized in September. Evraz bought 73% of Stratcor in 2006 for $110 million. (Ukrainian metal)
Top managers of ArcelorMittal Kriviy Rih had a meeting with the President of the State Volodymyr Zelenskyi in the end of July, and recently had negotiations with the representative of the Office of the President of Ukraine, having discussed possibilities to improve environmental footprint and to implement social projects in Kriviy Rih. The result is…
In January-July Ukraine received $5.61 billion of revenue from the export of ferrous metals, down by 9.4% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.53% of all export revenue as opposed to 23.07% in January-July 2018. In July Ukraine exported $818.21 million worth of ferrous metals. Imports in 7 months dropped…
Mechel-Service has supplied 300 tons of rebars for the construction of a landing strip of the new airport in Tobolsk, Tyumen region. The rebars have been manufactured by Chelyabinsk Iron and Steel Works. The length of the strip will be 2.4 km and the width 45 m. The construction is to have been completed by…
In January-June Evraz received $344 million of net profit, down by 70% YoY. Revenue dropped by 3.2%, to $6.14 billion, and EBITDA – by 22.2%, to $1.482 billion. The decrease is due to the lower prices of vanadium, coal and steel products. At the same time the company has increased its money flow – from…
From August 15 the state enterprise Yuzhnodonbasskoye No. 1 Mine Group will be cut off grid by the demand of the electricity supplier Ukrenergougol. On July 30 the electricity supply to the mines was limited because of the debt of 132 million UAH accumulated in 2016-2018. In 2018 Yuzhnodonbasskoye No. 1 Mine Group produced 465.1…
In January-June Ukraine imported 39.394 thousand tons of scrap valued at $22.024 million, up by 52.7% and by 0.1% YoY respectively. According to the State Fiscal Service, the main suppliers were Turkey (49.5%), Russia (41.65%) and the Netherlands (3.02%). Ukraine also imported 488 tons of hot-briquetted iron from Russia valued at $166 thousand, as opposed…
In January-July Ukraine decreased steel scrap exports 7.6-fold YoY, to 36.297 thousand tons, valued at $10.186 million, down 9.1-fold. According to the State Fiscal Service, in July Ukraine exported 0.204 thousand tons of scrap, in June – 0.208 thousand tons, in May – 8.086 thousand tons, in April – 8.791 thousand tons, in March –…