Ferrexpo AG (Switzerland) has accumulated 99.02% of Poltava Mining and Processing Works. Earlier the Ferrexpo stake amounted to 97.43% in the total number of shares and 39.12% in the voting shares. After the acquisition of shares Ferrexpo AG now has 99.02% in total shares and 40.71% in voting shares. (Ukrainian metal)
In October Ukraine exported $186.4 million worth of steel semi-finished products, while imports reached $2.74 million. According to the State Fiscal Service, the main consumer of steel semis in October was Italy ($38.27 million). In January-October Ukraine exported $1879.36 million worth of steel semi-finished products, with imports at $11.78 million. (Ukrainian metal)
In November the Dneprovsky Iron and Steel Works resumed operation of its ball-rolling shop with two mills. According to the company statement, both mills have been idle for a year. A large order, received in October, made it possible to completely load both mills for almost a month, producing 40 and 60 mm balls. In…
The state enterprise Ukrpromvneshexpertisa says the zero duty on scrap imports will not greatly affect imports. “There is no country that could supply scrap to us at favorable conditions. The decree weakly affects imports. We didn’t import scrap not because of the duty, but because there was nowhere to import it from”, UPE deputy director…
The Krasnoarmeysk prosecutors have found out that the state enterprise Krasnolimanskaya Coal Company has not been paying pensions for some time. According to the prosecutors, the debt to the Pension fund amounts to 8.3 million UAH. The office filed 2 cases to the Donetsk district administrative court demanding this money to be paid. (Ukrainian metal)
In January-October raw zinc output in Russia increased by 4.4% YoY. According to the Federal Service of State Statistics, in October raw zinc production went up by 14.2% YoY and by 30.4% MoM. (Ukrainian metal)
In January-October output of refined copper dropped by 0.7% YoY. According to the Federal Service of State Statistics, copper foil output dropped by 13.7%, of wire – by 17%, while that of plates, sheets, strips and bars went up by 5.5%, of rods and sections – by 19.6%, all YoY. (Ukrainian metal)
The government will provide guarantees for 1 billion UAH to finance mines. This will allow clearing salary debts to miners, amounting to 100 million UAH. Some money will be given to the development of mines. For example, Lisichanskugol has drafted a development program, envisaging financing of two mines. In the nearest future 350 million UAH…
