ArcelorMittal Kryiviy Rih finished 2022 with a considerable net loss because of the war and the operation at 25% of capacities. At the same time, according to the CEO Mauro Longobardo, the company received a financial aid from ArcelorMittal of $600 million. This allowed paying salary to employees and continue operating despite difficulties with buying…
A court has arrested 6.8% of Dneprospetsstal shares belonging to Oksana Marchenko, wife to Victor Medvedchuk, via three offshore companies. According to the Security Service of Ukraine, the value of the shares exceeds 440 million UAH. The strategically important enterprise specializes in the manufacture of almost 1 thousand types of steel and metal wares. Russian…
In February, Ukraine produced 424 thousand tons of steel, down by 72.7% YoY. At the same time, this is much better than in January, when 284 thousand tons were produced. Ukraine now occupies the 25th place in Worldsteel rating. In January-February, Ukraine produced 708 thousands tons of steel, down by 79.2% YoY. Following the results…
In 2022, Interpipe paid 2.816 billion UAH of taxes to budgets of all levels, down by 5% YoY. The drop was mostly due to the decrease in output. In particular, payments to the state budget amounted to 1.74 billion UUA (-7%) and to local budgets – 623 million UAH (+1%). The company has also paid…
Steel manufacture at Metinvest plants is 60-65% loaded, while mining and processing companies are working with the 25-40% loading. “After a year of war we see stabilization at our foreign assets, in particular, in Italy, where manufacture has been resumed. We are reconstructing logistics and supply chains of our two plants in Italy and the…
Ukrainian metal companies started increasing output after a considerable fall last year, but new challenges appeared. In particular, this concerns scrap supplies. It is expected that in the next few months the shortage will increase. For a couple of months now, scrap stocks at enterprises have not been exceeding 20-25 thousand tons, while in December…