In 2022, Dneprometiz decreased net profit 6-fold YoY, to 25.57 million UAH. Net income grew by 1.1%, to 2.47 billion UAH. Undistributed profit amounted to 240.08 million UAH. Dneprometiz produces metal wares of low-carbon steel. Its capacity is 120 thousand tons per year. (Ukrainian metal)
Metinvest considers issues of strategic partnership with Italian companies in Ukraine, the company CEO Yuri Ryzhenkov has said at the Ukrainian Restoration Conference in Italy. “Ukraine lost manufacture of slabs and rails because of the destroyed plants in Mariupol. This is a problem, since Italy was a major consumer of Ukrainian slabs. On the other…
In 2022, Poland decreased steel consumption by 12% YoY, to 13.3 million tons. “For many years the country has been demonstrating growth in steel manufacture and consumption, while the other EU countries have been experiencing a drop. Now we join this decrease. Steel manufacture last year dropped by 14% and consumption by 12%,” said Miroslaw…
In 2022, Dneprospetsstal increased its net loss 4.1-fold YoY, to 1.901 billion UAH. According to the information prepared for the shareholders meeting scheduled for May 31, uncovered losses of the company last year amounted to 4.91 billion UAH. The meeting is expected to sum up the results of operation n 2021 and 2022, approve annual…
Prices of steel rebars have again decreased because of weak demand. Some plants have even suspended manufacture. This week, offers totaled 3300 zloty ($785) per ton CPT for a 12mm rebar as opposed to 3350 zloty a week before. But for batches from 1000 tons, manufacturers were prepared to offer lower prices – 3200 zloty…
On April 21, following an auction, the state enterprise Dobropolyeugol-extraction concluded an agreement with Spetstrade Ltd on the purchase of mine props for the Dobropolskaya and Novodonetskaya mines for 26 million UAH. This year, the company has to supply 250 tons of mine sections with the length of 11 to 12 meters made of St-5PS…
In January-March, Kazzinc decreased zinc output from own resources by 5% YoY, to 34.3 thousand tons. The group produced 24.9 thousand tons of zinc metal and 9.4 thousand tons of zinc concentrate. Taking into account the third party raw materials, zinc manufacture dropped by 11%, to 63.5 thousand tons. Manufacture of lead from own resources…
The government of Kazakhstan has prolonged the prohibition to export ferrous and non-ferrous metals scrap. The export is prohibited by all transport means. The ban was imposed to increase scrap deliveries to domestic metal companies, as well as to fight the illegal trade in scrap. (Ukrainian metal)