The Ukrainian Association of Secondary Metals (UAVtormet) considers it impossible during the martial law to turn tank armor into plates for bulletproof vests. The chemical composition of the armored steel of tanks and steel used to make vests is similar, but the multi-component steel manufacture is an obstacle. “To produce bulletproof plates it is necessary…
The Ingulets Mining and Processing Works has started repairing the drum of the wet magnetic separation mill No. 11 at the ore-processing factory No. 2. The repair will improve the efficiency of the mill and provide for its faultless operation. InGOK, as other Metinvest GOKs, is operating at 30-40% of its design capacity due to…
The government of Kazakhstan is introducing the prohibition to export ferrous and non-ferrous scrap and waste for 6 months. Moreover, it is now prohibited to transport scrap, as well as used pipes and rails by automobile or sea vessels out of Kazakhstan. The order of the government will become valid from May 6. It is…
Interpipe will provide its employees in the Ukrainian Army with 21 thermal imagers and over 100 radio sets. The first 11 German imagers already help defenders in Kharkiv and Donetsk regions. “Each delivery was a special small operation with the help of volunteers and the army. A volunteer car got stuck in Kharkiv region not…
Metinvest continues employing its specialists who have lost their jobs and houses because of the Russian invasion and had to relocate to the unoccupied territory of Ukraine. The group has around 4 thousand jobs in Pokrovsk, Kamenskoye, Zaporzhye and Kriviy Rih. The employees will also be provided with housing, food and clothes. For example, Andrei…
On April 24, Avdiivka By-Product Coke Plant was again shelled by the Russian marauding army. “The Russians have taken lives of two little girls in Krasnogorovka, not far from the plant. The plant was also shelled. Many shops have been damaged. Preliminary, there were no casualties at the plant,” the company ex-director Musa Magomedov has…
After the partial relaunch of the manufacturing process, Zaporizhstal is now operating at 40-50% of its capacity. According to the company CEO Alexander Mironenko, the production at the plant was mothballed for 33 days due to war. Moreover, there were problems with logistics – delivery of raw materials and shipping of products. “After the front…
Ferrexpo increased income by 48% YoY in 2021, to $2.5 billion. EBITDA grew by 68%, to $1.43 billion. Net monetary flows went up by 59%, to $1.09 billion. Due to the Russian invasion of Ukraine, the company board of directors decided to postpone any decision on the interim dividends. The decision will be taken when…