In January-September 2023, Pokrovsk Mining and Processing Works increased net loss 4.8-fold YoY, to 235 million UAH. Net income decreased by 0.9%, to 1.06 billion UAH. Undistributed profit amounted to 1.11 billion UAH. (Ukrainian metal)
In January-March, global steel output amounted to 469.06 million tons, up by 0.47% YoY. According to Worldsteel, China remains the global leader in steel production, having manufactured 256.55 million tons of steel, down by 1.9%. The share of China in global steel output is 54.7%. Ukraine retained its 23rd place among 71 producers by manufacturing…
The Ministry of Economy has prepared drafts of President’s orders to carry out the decision of the National Security and Defence Council to withdraw corporate rights and immovable belonging to Russians. In particular, Ukraine will take 92.67% of the statutory capital in Energomashspetsstal. The shares belong to EMSS Holdings Limited (Cyprus), the beneficiary of which…
In January-March, Ferrexpo manufactured 2.054 million tons of iron ore products, up by 203% QoQ. Two to three of four pelletizing lines were used in manufacture. Pellets production grew by 189% QoQ, to 1.81 million tons. The group also produced 240.5 thousand tons of concentrate with iron content of 67%, up by 380%. Sales amounted…
In February, Ukraine exported 1.06 million tons of iron ore to the EU, down by 21.7% MoM and by 0.5% YoY. Revenue fell by 22.5% MoM, but grew by 12% YoY, to EUR 129.31 million. The main customers were Slovakia (479.5 thousand tons, +15% YoY), the Czech Republic (135.52 thousand tons, -50.1%), Poland (300.4 thousand…
On April 21, Russian invaders shelled a mine in Donetsk region, wounding three employees. “Repeated shelling occurred at night. Buildings were damaged,” the Ministry of Energy reported. Moreover, two mines were cut off grid due to strong wind. 25 miners remained underground, but were later brought safely to the surface. (Ukrainian metal)
In January-March, Metinvest paid 4.2 billion UAH of taxes, up 1.7-fold YoY. The subsoil use tax was the largest – 1.3 billion UAH, up 7.5-fold. The group has also increased payments of personal income tax – by 22%, to 791 million UAH. Moreover, Metinvest paid 870 million UAH of the sole social payment, up by…
The metal industry of Ukraine is gradually reviving with the launch of the alternative maritime corridor. In Q1, pig iron manufacture grew by 32.1% YoY, rolled metal – by 35.5% and steel – by 36.6% YoY. Exports increased by 61.8%, to 1.02 million tons. (Ukrainian metal)