Severniy Mining and Processing Works is carrying out energy-saving projects. New techniques allow decreasing electricity expenses and the prime cost. In order to decrease energy carries expenses in shops, SevGOK uses modern electric equipment and lamps. Large-scale projects to replace lamps have been finished at two crushing and processing factories, as well as in the…
In January, Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, increased pellets output by 7% YoY, to 1.05 million tons. Concentrate manufacture grew by 12.2%, to 1.3 million tons. In 2020, Ferrexpo increased pellets output by 7% YoY, to 11.218 million tons, and concentrate by 5.9%, to 14 million tons. (Ukrainian metal)
In February, industrial prices in Kazakhstan increased by 3.1% YoY. According to the Bureau of the National Statistics, in particular, prices of metallic ores grew by 0.9%. In processing industry the prices of ferrous rolled metal increased by 4.4%, copper – by 2.6%, ferroalloys – by 0.5%, aluminum and lead – by 0.6% and zinc…
Centravis has agreed with Ukreximbank to take a loan of 35 million euros for 5 years. The company intends to spend the funds to produce new types of seamless pipes, implement environment and energy-saving techniques as well as further modernize its manufacture. Centravis plans to invest at least 7 million euros in the development of…
In January-February, Ukraine procured 639.2 thousand tons of scrap, up by 49.2% YoY. The increase is due to high prices. Scrap deliveries to metal companies grew by 45.7%, to 578.6 thousand tons. Scrap stocks are estimated at 250 thousand tons. Exports amounted to 30.2 thousand tons, up by 300%, while imports increased from 1.6 thousand…
ArcelorMittal Kryvyi Rih, the biggest mining and steel plant in Ukraine, will all its employees a bonus based on the results of work in the previous year. The so-called “13th salary” will be paid in full on March 11. Besides, in 2021, the company’s management is considering the possibility of differentiated increase of salaries of…
In January-February, Ukraine decreased steel output by 1.1% YoY, to 3.51 million tons. At the same time, manufacture of pig iron grew by 4.5%, to 3.51 million tons, and rolled metal – by 0.5%, to 3.16 million tons. Lat year, Ukraine decreased steel output by 1.4% YoY, to 20.549 million tons, but increased that of…
In January-February, Ukraine exported 764.82 million tons of ferrous metals valued at $1.49 billion, up by 12% and by 6.9% YoY respectively. According to the Customs Statistics, the share of ferrous export revenue was 17.57% as opposed to 17.22% last year. Imports decreased by 12.8%, to $121.53 million. (Ukrainian metal)