The Ministry of Industry and Infrastructure Development hosted the signing of a tri-partite agreement to provide enterprises of processing industry in the copper sphere with domestic raw materials. The agreement was signed by the ministry, Kazakhmys Corporation and the enterprises. According to the agreement, Kazakhmys will provide raw materials at decreased prices to Ulbinskiy Iron…
In February, Ukraine increased pipes exports by 57.4% MoM, to 32.71 thousand tons valued at $61.48 million, up by 47.6%. According to the State Customs Service, compared with February 2022 export revenue grew by 5.7%. In January-February, pipe exports totaled 53.49 thousand tons for $103.1 million, down by 24.7%. Exports of seamless pipes, tubes and…
In 2022, Interpipe Dneprovskiy Vtormet received 10.28 million UAH of net losses as opposed to a net profit of 14.23 million UAH in 2021. According to the information prepared for the annual shareholders’ meeting scheduled for April 27, undistributed profit last year amounted to 179.81 million UAH. In H1 2022, the company processed 87.7 thousand…
In 2022, Druzhkovka Metal Wares Works decreased net profit by 69.1% YoY, to 33.832 million UAH. According to the information prepared for the annual shareholders meeting scheduled for April 25, undistributed profit amounted to 404.665 million UAH. The shareholders intend to distribute the 2022 profit and decide on paying dividends for 2022 in the amount…
In 2022, according to the Ukrainian Center of Steel Construction, the metal structures market decreased by 55-65%. “In 2021, the market grew by 5%, to 155 thousand tons. According to our estimates, last year the drop in demand for construction metal structures was 55-65%. Because of the war, half of our members were forced to…
Zaporizhstal has confirmed the correspondence of its cold- and hot-rolled metal to European standards. In particular, the works has received EN10025-1 certificates of the 305/2011 construction regulations and EN 10130 certificates. The recertification audit was carried out on February 21-22. Zaporizhstal has been working according to EN 10025-1: 2004 and EN 10130: 2006 standards since…
Anglo Asian Mining PLC, the AIM (Alternative Investment Market) listed gold, copper and silver producer, has upgraded its forecast on the production of precious metals in Azerbaijan for 2023, the company’s press service reports. “This year, we expect the production of precious metals at the level of 50,000-54,000 ounces in gold equivalent, as well as…
Uzmetkombinat and Tropidia Holding B.V. have created Pro Farro LLC. Its main tasks are to process liquid slurry and metallurgical waste and produce construction materials for cement industry. The enterprise will be launched this year. Uzmetkombinat investments in the construction and equipment will amount to $3 million. Slurry processing will reach 100% and metal waste…
