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…
QazSpecSteel plans to invest $587 million in the construction of a plant to produce steel billets with a capacity of 800 thousand tons in Aktobe. Last week, the regional authorities signed a memorandum of understanding with the company. The timeframe of the construction has not been revealed. When the design capacity is reached, the plant…
Shareholders of the Yuzhniy Mining and Processing Works intend to keep the net profit of 29.8 billion UAH received in 2021 undistributed. The issue will be discussed at the extraordinary shareholders meeting scheduled for November 25. He shareholders will also elect new members of the revision committee and the chairman. (Ukrainian metal)
Metinvest is implementing measures to decrease water and electricity consumption at its enterprises. Thus, Metinvest Pokrovskugol transport department has launched an efficient water usage by using it twice. This not only saves resources, but also provides the uninterrupted operation of car wash during war. Every morning all the transport means are washed. On average 100…
