SCM intends to rebuild the destroyed metal plants in Mariupol after it is freed from the Russian occupants. “Our plants in Mariupol will never, under no circumstances, work under occupation. We will restore them only under the Ukrainian banner,” the SCM PR director Natalia Yemchenko has said. In 2014-2022, the city was a showcase of…
Since the start of the Russian invasion, Metinvest has channeled 2.1 billion UAH to support the army, civilians and its employees, including 1.4 billion for the military under the Steel Front initiative. Metinvest has become one of the largest suppliers of special steel and protection means in Ukraine. Each tenth bulletproof vest in the Ukrainian…
Ferrexpo plc intends to reconstruct manufacturing structures of Poltava Mining and Processing Works dumps. The details of the reconstruction and the amount to be invested are not disclosed. But the operation will correspond to categories Nos. 15 and 22 – expansion and changes, including the revision or renewal of activities. (Ukrainian metal)
In January-September, Interpipe NTZ received net loss of 1.933 billion UAH as opposed to a net profit of 141.705 million UAH last year. According to the company interim report, its net income decreased by 14.3%, to 5.248 billion UAH. Undistributed profit amounted to 1.941 billion UAH. (Ukrainian metal)
Metinvest has lost control over Azovstal and Mariupol Ilyich Iron and Steel Works and cannot continue their manufacturing activity because of the city occupation by Russia, but it is still selling their products amassed at the warehouses before the war. The group also continues to struggle with Russian theft of metal, as it tries to…
In September, Ukraine decreased steel output 5-fold YoY, to 340 thousand tons. Ukraine shared the 32nd place in the Worldsteel rating with the Czech Republic. In January-September, Ukraine retained the 22nd place with 5.526 million tons, down by 66.1%. (Ukrainian metal)
In September, Ukraine increased exports of ferrous metal scrap to the European Union 5-fold MoM. While in August Ukraine exported 1 thousand tons of scrap in trial mode, in September exporters launched stable supplies to Poland, Slovakia and Lithuania, with combined deliveries at 5 thousand tons. Scrap is exported via two customs posts in Rovno…
Centravis, one of the largest suppliers of stainless steel pipes in Europe, continues operating in three shifts despite constant shelling of Nikopol and the whole of Ukraine. At the same time, the company has transferred the main manufacture to night shifts. Thus the company intends to decrease the load on the power system. “The government…