In 2023, Central Mining and Processing Works received net loss of 1.326 billion UAH, down from net profit of 2 billion UAH in 2022. According to the decision of the only company shareholder – Metinvest B.V. (the Netherlands), 2023 losses will be covered with profit from future periods. Another decision was to change the company…
In 2023, Pokrov Mining and Processing Works increased net loss 13-fold YoY, to 624.049 million UAH. In 2022, loss amounted to 47.933 million UAH. In 2021, loss was 82.233 million UAH, in 20220 – 21.798 million UAH and in 2019 – 110.2 million UAH. In January-September 2023, the company increased net loss 4.8-fold YoY, to…
Because of the limitations in electricity supply due to constant Russian attacks, Ukrzaliznytsia cannot fulfill its plan to deliver ore to Slovakia. Thus, the transportation of ore via the Chop-Cierna nad Tisou route falls short of almost 40 thousand tons. That’s mostly sinter ore going to Metinvest. Moreover 11 thousand tons of PGOK iron ore…
On May 29, shareholders of Dneprospetsstal heard reports for 2023, renewed the supervisory board composition, made amendments to the statutory documents and liquidated revision commission as the controlling body. Due to the profitless operation of the company in 2023, it was decided to reimburse the losses with the profit from future periods. Maxim Kovtun and…
In 2023, Zaporizhkoks received net profit of 399.84 million UAH, which it left undistributed. According to the shareholders meeting on April 30, the shareholders approved of the work of the supervisory board in 2023. Both shareholders took part in the meeting – Metinvest B. V. (the Netherlands) and Zaporizhstal. In Q1 2024, Zaporizhkoks received a…
In 2023, leaders of the mining industry of Ukraine earned 365.26 billion UAH, up by 13% YoY and by 11% before the launch of the full-scale invasion by Russia. In particular, six companies of SCM accounted for 41% – 149.67 billion UAH. Five of them received net profit of 32.35 billion UAH. Only Central Mining…
A sudden shut down of electricity at ArcelorMittal Kryvyi Rih resulted in a short-term increase in air pollution. In particular, by-product coke manufacture was affected. The result was visible all around the city. 6 hours later, the content of pollutants in the air was back to normal. (Ukrainian metal)
In January-May, global steel output amounted to 793.12 million tons, down by 0.09% YoY. The largest producer is China, having manufactured 438.61 million tons, down by 1.4%. China’s share in global steel output was 55.3%. Ukraine produced 3.14 million tons of steel, up by 31.23%, remaining at the 22nd place. (Ukrainian metal)