In January, global pig iron output amounted to 112.33 million tons, up by 0.14% YoY. Ukraine produced 0.56 million tons, up by 44.49%, thus retaining the 16th place among 40 countries. China was the leader with 67.29 million tons produced, down by 3.07%. The share of China in global pig iron output was 59.9%. (Ukrainian…
In January, global steel output amounted to 148.11 million tons, down by 1.6% YoY. Ukraine produced 0.54 million tons, up by 91.62%, thus retaining the 23rd place among 71 countries. China was the leader with 77.24 million tons produced, down by 6.93%. The share of China in global steel output was 52.2%. (Ukrainian metal)
ArcelorMittal has commissioned a line to produce heat-strengthened rails with the length of 120 meters at the Dabrowa Gornica plant. The new products comply with the European and American standards. ArcelorMittal has been mulling the construction of such a line in Poland since 2012. Officially it started in 2018. In 2022, the company signed a…
As of February 20, the Romanian authorities were not informed about the ruling expected from the World Bank’s ICSID arbitration court on the Rosia Montana gold mining project dispute with Gabriel Resources, according to a response issued by the executive. The updated value of the compensations claimed by the investor is $6.7 billion, the executive…
In February, Sukha Balka started commissioning two new blocks at the Yuvileyna mine. This will provide miners with half a year of work. The reserves of the two blocks, situated at the depth of 1420 meters, amount to 332 thousand tons of ore. Development of the blocks will begin next week. (Ukrainian metal)
Ukraine started increasing steel output and in January it grew almost 2-fold. But further growth is hampered not only by logistics, but also by the scrap shortage, that Ukrzaliznytsia could cover. This year, scrap procurement is expected to decrease due to the mined territories and mobilization. State monopolies, which constantly write off outdated equipment, could…
In 2023, industrial enterprises of Kryvyi Rih decreased air pollution while carrying out explosions by 9% YoY. During industrial explosions, dust, nitrogen dioxide and hydrogen dioxide are emitted into the air. At present 9 quarries operate in the city, belonging to ArcelorMittal Kryvyi Rih, UGOK, CGOK, InGOK, Ukrainian Mining Company LLC and Rudomine LLC. Last…
The presidential decision to accelerate copper processing allows for 25% lump sum payments for raw materials bought through stock exchanges. The remaining 75% can be paid within 90 days. Interest is waived for payments within 30 days, half the Central Bank’s main rate applies for payments within 31 to 60 days and the full rate…