Ukraine: AMKR supports initiatives of the President Office

Top managers of ArcelorMittal Kriviy Rih had a meeting with the President of the State Volodymyr Zelenskyi in the end of July, and recently had negotiations with the representative of the Office of the President of Ukraine, having discussed possibilities to improve environmental footprint and to implement social projects in Kriviy Rih. The result is…

Ukraine: ferrous metals export revenue down in January-July 2019

In January-July Ukraine received $5.61 billion of revenue from the export of ferrous metals, down by 9.4% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.53% of all export revenue as opposed to 23.07% in January-July 2018. In July Ukraine exported $818.21 million worth of ferrous metals. Imports in 7 months dropped…

Russia: Evraz net profit down in H1 2019

In January-June Evraz received $344 million of net profit, down by 70% YoY. Revenue dropped by 3.2%, to $6.14 billion, and EBITDA – by 22.2%, to $1.482 billion. The decrease is due to the lower prices of vanadium, coal and steel products. At the same time the company has increased its money flow – from…

Ukraine: scrap imports up in January-July 2019

In January-June Ukraine imported 39.394 thousand tons of scrap valued at $22.024 million, up by 52.7% and by 0.1% YoY respectively. According to the State Fiscal Service, the main suppliers were Turkey (49.5%), Russia (41.65%) and the Netherlands (3.02%). Ukraine also imported 488 tons of hot-briquetted iron from Russia valued at $166 thousand, as opposed…

Ukraine: scrap exports down in January-July 2019

In January-July Ukraine decreased steel scrap exports 7.6-fold YoY, to 36.297 thousand tons, valued at $10.186 million, down 9.1-fold. According to the State Fiscal Service, in July Ukraine exported 0.204 thousand tons of scrap, in June – 0.208 thousand tons, in May – 8.086 thousand tons, in April – 8.791 thousand tons, in March –…

Kyrgyzstan: Zhong Ji Mining Company operation suspended

Activity of Zhong Ji Mining Company was suspended at Solton-Sary field in Naryn region, the Information Support Department of the Government’s Office reported. However, the day before, the Prime Minister of Kyrgyzstan said “incidents between local residents and foreign workers should not cause suspension or stop of company’s activity”. The decision was made on the…