In January, metal companies received 283.7 thousand tons of scrap, up by 53.7% YoY. Metinvest enterprises and Dneprovsky Iron and Steel Combine were the largest customers – 171.5 thousand tons, up by 82.8%. Interpipe Steel received 44.6 thousand tons (+2.4%) and ArcelorMittal Kriviy Rih – 58.1 thousand tons (+77.1%). As of late January, scrap stocks…
Azerbaijan’s gold mining company AzerGold increased revenues from the export of precious metals by 29% YoY in 2020, AZN 186.5 million ($109.7 million), the company’s CEO Zakir Ibrahimov reported. Ibrahimov stated that sales of gold amounted to 59,400 ounces, while silver to 119,400 ounces in 2020. Gold topped the list of non-oil goods exported last…
In 2020, Interpipe transferred 2.54 billion UAH to the budgets of all levels, down by 22% YoY, mostly due to the drop in output. Payments to the state budget decreased by 28%, to 1.56 billion UAH, and to local – by 9%, to 566 million UAH. Each ton of metal produced at Interpipe last year…
On February 1, a strike began at the Yasinovataya By-Product Coke Plant. Later it was joined by Makeevkoks. On February 2, the employees were paid 12% of their monthly wages and were asked to return to work. But the employees continued striking demanding their salary debts to be cleared. If the strike goes on at…
Uzbekistan plans to open its largest gold-mining fields to foreign tourists in a bid to develop industrial-tourism. The State Committee for Tourism Development said on February 1 it was currently studying the possibility of turning the country’s largest Amantaytau and Daugiztau gold deposits, in the central Kyzylkum Desert, into tourist attractions, where foreign visitors could…
In January, Azovstal Iron and Steel Works was paid the most VAT reimbursement among mining and metal companies – 806.5 million UAH (194.7 million UAH in December 2020). According to the State Treasury, Dneprovsky Iron and Steel Combine was paid 514.5 million UAH (216 million UAH). Zaporizhstal received 497 million UAH, Mariupol Ilyich Iron and…
In January, Zaporizhstal decreased pig iron output by 0.2% YoY, to 399 thousand tons. Steel manufacture dropped by 0.5%, to 336.3 thousand tons, and rolled metal – by 2.7%, to 284.1 thousand tons. In 2020, the company increased pig iron output by 2.5%, to 4.5 million tons. At the same time, the manufacture of steel…
In 2020, Metinvest enterprises produced 8.268 million tons of steel, up by 9% YoY. Pig iron manufacture grew by 7%, to 8.475 million tons, and coke – by 3%, to 4.808 million tons. Rolled metal output went up by 132 thousand tons, to 4.809 million tons. In particular, the manufacture of long-rolled products increased by…