Rustem Umerov, the head of the State Property Fund, said that the big privatization included the state-owned company United Mining and Chemical Company. UMCC used to export products to more than 30 countries and was one of the largest titanium raw materials manufacturers globally, occupying 4% of the world titanium ore market. In 2021, the…
In May, Ukraine produced 583 thousand tons of steel, up by 89.3% YoY. In April, steel output totaled 574 thousand tons. Ukraine occupied the 22nd place among 63 global steel producers, according to Worldsteel. (Ukrainian metal)
In January-May, Kazakhstan produced 1.624 million tons of raw steel, down by 9.4% YoY. In May, output dropped by 1.4% YoY, to 331,785 tons (358,994 tons in April). The share of carbon steel in May output was 3,663 tons (3,146 tons in April), down by 51.2% YoY. In 5 months, the share decreased by 6.3%,…
In January-May, Ukraine was on the 25th place among the global steel producers, according to Worldsteel. Steel output in Ukraine decreased by 43.6% YoY, to 2.392 million tons. China was on the first place with 444.63 million tons produced, up by 1.6%, followed by India (56.393 million tons, +5.7%), Japan (36.509 million tons, -5.3%) and…
Rudomine LLC is negotiating the development of parts of the Yuzhniy quarry to extract iron ore. The company intends to develop sites Nos. 2 and 3 of the quarry. The plan dates back to 2019, when the company first announced its intention. Rudomine plans to extract 1.6 million tons of iron ore per year. The…
Zaporizhstal has completed capital repairs of the blast furnace No. 3. Around 400 employees have been working on the repair for 17 days around the clock. “For the blast furnace to operate not only efficiently, but also environmentally friendly, we have carried out a full repair of the dust exhaust and gas purification systems. Until…
The co-founder of Privat Group Igor Kolomoyskiy has sold his part in the statutory capital of Kriviy Rih Iron Ore Industrial Complex. The new shareholder is now a Russian “thief in law” Mikhail Voyevodin called Misha Luzhnetskiy. He is the chief beneficiary of VS Energy, which in Ukraine owns five regional energy suppliers, a part…
Metinvest is increasing output thanks to three factors. “First, the situation with electricity supplies and railroad logistics in Ukraine has stabilized. Second, the situation on our export markets of steel and ore is better than in the second half of 2022. And third, we have launched an additional blast furnace at Zaporizhstal,” Metinvest operational director…