In October, Zaporizhstal decreased rolled metal output by 3.5% YoY, to 267 thousand tons. The company also produced 345.8 thousand tons of pig iron, down by 13.3%, and 279 thousand tons of steel, down by 14.6%. The drop is due to the shortage of coking coal. In January-October, Zaporizhstal produced 3613.4 thousand tons of pig…
A plant to produce pipes for oil and gas industries has been launched in Mangystau region. This is the first plant in Kazakhstan to produce steel pipes of small and medium diameter (up to 530 mm). The capacity is around 700 km of pipes per year. Investments in the project amounted to 5 billion tenge.…
In January-October, Ukraine exported $11.54 billion worth of ferrous metals, up by 80% YoY. According to the customs statistics, in October revenue totaled $1.21 billion, up by 82.4%. Imports in 10 months grew by 44.45%, to $1.25 billion, with $139.13 million imported in October, down by 60.7%. (Ukrainian metal)
In January-September, the state enterprise Vostochniy Mining and Processing Works produced 340.3 tons of uranium oxide concentrate, down by 47% YoY. Uranium ore mining dropped by 20%, to 343.8 thousand tons. The concentrate price dropped by 44%, to 990.7 million UAH. (Ukrainian metal)
The Ukrainian Association of Ferroalloys Manufactures asks the authorities to impose a special duty on the import of ferroalloys from Russia. At present the duty for Russia is zero, while the country has a duty of 5% on almost all Ukrainian ferroalloys. Under such conditions, local ferroalloy manufacturers are unable to compete. The association believes…
The State Property Fund has decided to postpone the auction on the privatization of the United Mining and Chemical Company till December. The fund received only two offers to participate in the auction, with one not meeting the current legislation requirements. As the auction cannot be carried out with just one participant, the fund has…
In January-September, Dneprospetsstal decreased net losses 58.3-fold, to 15.219 million UAH. As of the end of September, uncovered losses amounted to 2.679 billion UAH. Net income grew by 40.2%, to 7.241 billion UAH, including 2.281 billion UAH of domestic sales and 4.959 billion UAH of exports. (Ukrainian metal)
Zoloto Kamchatki has produced 40 tons of gold. Aginskiy Mining and Processing Works was the first gold-extracting enterprise in the region, which started mining for ore gold. In 2005-2018, the Aginskoye deposit was its resource base. Since 2018, its base has been the Baranyevskoye deposit. In 2012, Zoloto Kamchatki started developing the Ametistovoye deposit. The…