In January-March, Metinvest decreased revenue by 11% YoY, to $2.536 billion. The decrease was mostly due to the drop in sale prices following global decrease, as well as the influence of the COVID-19 pandemic on the business activity and demand for steel. Revenue in Ukraine decreased by 6%, to $726 million. At the same time,…
The President of Uzbekistan Shavkat Mirziyoyev has signed a decree to increase manufacture of non-ferrous and precious metals at Almalyk Mining and Processing Works. The project to develop the Yoshlik I deposit will be carried out in 2 stages. The first stage, in 2020-2024, sees the development of the deposit and the construction of a…
In January-April, Sukhaya Balka decreased iron ore output by 3.7% YoY, to 875 thousand tons. In April, the enterprise produced 208 thousand tons of ore. In 2019, output grew by 0.3% YoY, to 2.727 million tons. (Ukrainian metal)