Kametstal has begun the capital repair of the ball-rolling mill section furnace No. 1 in the rolling shop. The main task of the machine is to quickly heat billets for the further roll of milling balls with the diameter of 80 mm for Kriviy Rih mining and processing works of Metinvest. During the repair, some…
Ferrexpo has announced the suspension of capital investments in increasing output volumes by 25% for the duration of the war. When the situation improves, the projects will be resumed. In three years, pellets output is expected to grow by 3 million tons. Ore extraction will increase from 125 million tons in 2020 to 265 million…
Metinvest Group can increase exports of metal products to the USA after the latter’s decision to temporarily cancel the 25% duty on steel. Still, there are trade limitations in the USA on almost all rolled metal produced in Ukraine (hot-rolled coils, plates, rods, welded pipes, seamless pipes, rebars, wire rod and wire). “That is why…
Interpipe intends to resume exports to the USA market soon. “The Interpipe products directly support the US energy sector,” the company board chairman Fadi Khraibe has said. This comes after the US decision to suspend for 1 year the duty on Ukrainian metal products imposed in 2018. (Ukrainian metal)
Ukrainian scrap procurers estimate the overall amount of military machinery and equipment that can be considered scrap metal at 18-20 thousand tons. The Ukrainian Association of Secondary metal UAVtormet has developed a special method of calculating the potential volume of scrap that can be received from damaged Russian war machinery. At the same time, there…
Before the war, ArcelorMittal Kriviy Rih produced raw materials mostly for its own use. The company exported only 20% of iron ore concentrate. Now AMKR exports 80%. In May, the company intends to export 450 thousand tons of concentrate, with 100 thousand tons via a new loading unit. Investments in the new unit exceeded 10…
In March, Ukraine decreased ferrous metals export by 67.2% YoY, to $874 million. Imports dropped by 83.5%. In March 2021, exports totaled $1.16 billion and imports – $92.7 million. In January-February, Ukraine exported $2.04 billion worth of ferrous metals, up by 34.8%. Imports grew by 86.8%, to $230 million. (Ukrainian metal)
ArcelorMittal Kriviy Rih is 20% loaded in pig iron manufacture and 50-60% in pig iron extraction. “Since the start of the war in Ukraine, the company has suspended operation to protect its employees. Since then we have resumed operation and are currently working with one of three blast furnaces. The blast furnace No. 6 (around…