In January-March, the pipe division of Interpipe registered losses, while railroad division was profitable. Interpipe increased EBITDA by 26%, to $86 million mostly due to positive results of the railroad division. Revenue decreased by 8%, to $251 million, while net debt grew to $88 million. Pipe sales dropped by 40%, to $112 million, with railroad…
In autumn, Mariupol Ilyich Iron and Steel Works intends to finish the project to modernize its sintering factory, decreasing pollution by 90%. The large-scale project began in 2012. All construction work was finished last year. Investments amounted to $150 million. (Ukrainian metal)
Metinvest does not intend to shut down its outdated open-hearth manufacture at Zaporizhstal before the oxygen-converter shop is constructed. At the same time, construction is postponed because of the lack of funds. Last year the group prepared a construction site and built a new road in Zaporozhye valued at 220 million UAH. “But because of…
Quick recovery of the business activities in China has not only positively influenced Metinvest mining segment, but also allowed it to supply steel products there. “China is not our traditional customer as to metal products, but it is our long-term market for iron ore raw materials”, the group CEO Yuri Ryzhenkov said. “With the suffering…
Interpipe international vertically integrated pipe and wheel company in January-March increased payment of taxes and fees to the budgets of all levels and extra-budgetary funds by 3% YoY, to UAH 803 million. The company said on Facebook the amount of contributions to the state budget totaled UAH 547 million, to local budgets some UAH 147…
Ferroalloy production in Ukraine in January-May shrank by 27% YoY, to 340,300 tons. The production of silicomanganese over the period under review decreased by 27.5%, to 253,600 tons, ferrosilicon production fell by 60%, to 23,490 tons, and that of metallic manganese dropped by 72%, to 870 tons, according to the Ukrainian ferroalloy producers association UkrFA.…
In early June, Zaporozhye Ferro Alloys Plant passed a recertification audit for the compliance of the quality management system to the requirements of the international standard ISO 9001:2015. The inspection has been carried out by the specialists of the Bureau Veritas Certification Ukraine. The only inconsistency in the quality management system noted by the experts…
In January-May, Ukraine imported 388 thousand tons of limestone, down by 65% YoY. At the same time, the import of lime grew by 25%, to 36 thousand tons. Metal industry accounts for two thirds of limestone consumption. The largest importers in January-May were Mariupol Ilyich Iron and Steel Works, Zaporizhstal and ArcelorMittal Kriviy Rih. (Ukrainian…