As all other industries, foundry suffered greatly from the Russian invasion. At least 50% of enterprises felt the impact of the war, sometimes even with partial destruction of manufacture. Large foundry enterprises are usually located in the southeastern regions that have suffered from the war the most. Output fall is estimated at 70%. According to…
Metinvest positively sees the decision of the Cabinet of Ministers of Ukraine to allow companies to import electricity during its shortage on domestic market. “Metinvest decided to use this opportunity to organize purchases of electricity for its own needs, which allowed increasing quotas for electricity supply,” the company said. The decision has already positively affected…
In 2022, Metinvest produced 10.712 million tons of iron ore concentrate, down by 66% YoY. Pellets manufacture dropped by 45%, to 3.185 million tons. In Q4 2022, concentrate output grew by 108 thousand tons QoQ, but pellets decreased by 41%, to 489 thousand tons. Coal concentrate output last year went down by 11%, to 4.959…
In January, Ukraine decreases exports of semi-finished carbon steel products by 92.1% YoY, to 38.341 thousand tons. According to the State Customs Service, in monetary terms exports have decreased by 93%, to $20.897 million. The main customers were Poland (54.2% in monetary terms), Denmark (24.91%) and Italy (11.31%). Ukraine did not import semi-finished products, while…
In 2022, Kametstal increased steel output by 68% YoY, to 1.56 million tons. In Q4 2022, the company produced 250 thousand tons of steel, down by 2% QoQ. Pig iron manufacture last year grew by 75%, to 1.48 million tons, and in Q4 2022 – by 22% QoQ, to 270 thousand tons. Last year, by-product…
Anglo Asian Mining PLC (AIM) company expects higher production of precious metals at the new Gilar deposit in Azerbaijan. According to the company, new drill results at the deposit confirm this expectation. AIM stressed that continuous gold and copper mineralization was expected to be extended up to 68 meters compared to previous drilling. Besides, according…
In February, the Navoi Mining and Processing Works’ group of specialists visited South Korea to get to know the activities of major manufacturing and hi-tech companies. In particular, the specialists have visited PNT INC, which is producing machinery to manufacture copper foil. Following negotiations, a memorandum of cooperation in manufacture of copper foil at NGMK…
Metinvest has resumed work at the Severniy Mining and Processing Works and Ingulets Mining and Processing Works that have been idle since summer of 2022. Thus, all three Metinvest GOKs in Kryvyi Rih, including Central GOK, are operating now. The operation of the two GOKs was suspended in order to minimize iron ore products stocks.…