The Cabinet of Ministers has appointed Igor Bugayov the interim CEO of the state enterprise Vostochniy Mining and Processing Works. Bugayov is currently the first deputy CEO. He has many years of experience of working in nuclear and mining spheres, in particular, at managing roles in Energoatom. VostGOK is the only producer of uranium ore…
In January-March, Interpipe increased net profit 2.6-fold YoY, to $57.142 million. Profit before taxes was $74.448 million, up from $29.202 million last year. EBITDA totaled $79.427 million, as opposed to $15.139 million in Q1 2022. At the same time, sales revenue decreased by 4%, to $229.291 million. (Ukrainian metal)
In January 2022, before the Russian large-scale invasion, salaries at the enterprises of the mining and metallurgical complex were 22.14 thousand UAH. In May, salaries were at the level of 22.13 thousand UAH. Thus, nominal salary has actually reached the pre-war level. At the same time, salaries in the mining and metallurgical complex exceed the…
In January-June, Zaporizhstal increased rolled metal manufacture by 1.8% YoY, to 844.2 thousand tons. Steel output grew by 10.5%, to 1.018 million tons, and pig iron – by 1.1%, to 1.145 million tons. In June, Zaporizhstal produced 131.9 thousand tons of pig iron (72.8 thousand tons in June 2022), 159.4 thousand tons of steel (69.6…
The Ukrainian Association of Secondary Metals (UAVtormet) forecasts the increase of ferrous scrap procurement next year by 20% YoY, to 1.2 million tons. At the same time, expert Sergiy Kovalevskiy believes, that this year scrap procurement will be on the level of 1 million tons, of which 850 thousand tons will be used by Ukrainian…