The Cabinet of Ministers has allowed Ukrzaliznytsia to use a 37.6-million euro loan from France to buy rails. The funds will be provided with the interest rate of 0.0161% for 35 years with the grace period of 14 years. The money will be spent to buy French rails and deliver them to Ukraine. As a…
The United Mining and Chemical Company, managing the Vilnohirsk Mining and Processing Works and Irshansk Mining and Processing Works, will improve its attractiveness for privatization by expanding its resource base. Some trials are underway to return some titanium deposits and recall licenses from other companies. But redistributing deposits and obtaining licenses is a complex process.…
In January-June, global steel output totaled 943.9 million tons, down by 1.13% YoY. Ukraine produced 2.83 million tons of steel, down by 37.77% YoY, remaining on the 25th place among the 64 manufacturers. China was the largest steel producer, having manufactured 535.64 million tons of steel, up by 1.3%. (Ukrainian metal)
According to TUIK, in January-May Turkey imported around 196 thousand tons of seamless pipes, down by 3% YoY. The value of imports was $340 million. Ukraine supplied 7.2 thousand tons of pipes, down by 37%. The main supplier was China with 131 thousand tons, up almost 2-fold. Imports from Russia fell by 75%, to 7.4…
In January-June, Metinvest Group paid more than 6.3 billion UAH of taxes to the budgets of all levels. In particular, 1.5 billion UAH accounted for the single social payment, 1.5 billion UAH for the individual income tax and more than 1 billion UAH for the profit tax. The group also paid 872 million UAH for…
Since the start of the full-scale war, Centravis has reoriented to using imported billets. Before the war, Centravis used to purchase 70-80% of billets from Dneprospetsstal (DSS). Now almost 70% of billets used by the company come from Europe and Asia. And around 30% are of Ukrainian make, but not only of Dneprospetsstal. According to…
The local authorities have recognized 9 more coalmining enterprises as not efficient in the temporarily occupied Lugansk region. The enterprises will be transferred to the management of the Department of mine restructuring for the further liquidation. The employees will also be transferred to the department to maintain the enterprises. Moreover, the employees will have their…
European Lithium no longer intends to develop the Shevchenkovskoye lithium deposit. “Our main priority is still the Dobroye deposit. Our partners, the representatives of Milestone&Co, have always been in contact with courts. They are 100% sure that we will get access to it. The Shevchenkovskoye deposit is too close to the front line. A couple…