Kametstal has asked the Prime Minister Denys Shymhal to help – due to the difficulties with logistics and the drop in metal world prices the company is working at a third of its capacities. The company has resources enough for three months of operation. And if nothing is made to stimulate manufacture, the company operation…
In January-June, Nikopol Ferroalloy Plant decreased net profit 7.4-fold YoY, to 223.2 million UAH. Net income amounted to 9.05 billion rubles, down by 9.9%. Undistributed profit as of the end of June was 8.4 billion UAH. (Ukrainian metal)
Uzmetkombinat intends to export its products to Europe, where free niches appeared after the suspension of deliveries from Russia, Belarus and Ukraine. The company has opened a trading office in Vilnius and plans to supply rebars and wire rod to the Baltic States via railroad and by trucks, as well as to the Northern and…
Fitch Ratings has decreased the rating of Ferrexpo. The company long-term rating was downgraded from B- to CCC+. Moreover, the agency excluded the company rating from the Rating Watch Negative due to the worsening of working condition in Ukraine and the growth of risks. “The rating reflects high uncertainty as to Ferrexpo financial and operational…
In January-June, Marganets Mining and Processing Works increased net losses 4.3-fold YoY, to 42.164 million UAH. Net income dropped by 23.6%, to 1.138 billion UAH. Undistributed profit amounted to 568.849 million UAH. As of late June, MGOK has produced 249.464 thousand tons of enriched manganese ore and sold 192.6 thousand tons. (Ukrainian metal)
In January-June, Kazakhstan extracted 57.4 million tons of coal, up by 5.9% YoY, valued at 271 billion tenge. Pavlodar region yielded 33.9 million tons, up by 4.9%, and Karaganda region – 18.4 million tons, up by 2.3%. Exports amounted to 13.7 million tons valued at $344.2 million, up by 21.1% and by 91.5% respectively. Most…
Kametstal has capitally repaired a blast furnace gas burner No. 2. The gas originates when smelting pig iron in blast furnaces. When it is purified, it could be used as fuel in air heaters, gas engines, etc. The excess gas is disposed of in burners. Thanks to the repair it is now possible to use…
