In January-March, Marganets Mining and Processing Works increased net losses 16.6-fold, to 159.87 million UAH. Net income grew 2.4-fold, to 865.275 million UAH. Undistributed profit amounted to 451.143 million UAH. Capital investments totaled 370.943 million UAH. (Ukrainian metal)
In January-April, scrap procurement in Ukraine decreased by 50.4% YoY, to 620.1 thousand tons. Domestic deliveries to metal plants dropped by 47.1%, to 583.5 thousand tons. Exports fell more than 12-fold, to 7.1 thousand tons. Imports collapsed 78-fold, to 0.1 thousand tons. (Ukrainian metal)
In April, Zaporizhstal produced 68 thousand tons of pig iron after a forced delay in March. Now the company is mastering the manufacture of a new product – metal sheet for construction industry. When the war is over, this product will be needed to restore the city infrastructure. (Ukrainian metal)
Metinvest is preparing lawsuits against Russia for the destruction of Azovstal and Mariupol Ilyich Iron and Steel Works. The estimated amount of lawsuits is $10 billion. “The pre-war capitalization of our plants was $10 billion. We are preparing lawsuits to make Russia pay for all the damages inflicted,” Metinvest main shareholder Rinat Akhmetov has said.…
Centravis has resumed manufacture of pipes used in car industry. The cold- and hot-rolling shops at the manufacturing site in Nikopol have been launched. Their loading depends on the volumes of billets available. The company is exporting them from Europe. Before the Russian invasion of Ukraine, Centravis cooperated with Dneprospetsstal. (Ukrainian metal)
A court has arrested Glukhovskiy Quartzite Quarry LLC belonging to Rusal. According to the General Prosecutor’s Office, the quarry illegally extracted high-quality quartzite, silicon and ferrosilicon at the Banitskoye deposit in Sumy region. After that the raw materials were illegally exported to Russia and sold for the benefit of the military complex, in particular, for…
Since the start of the Russian invasion, Ferrexpo has paid over $35 million (UAH 1 billion) of taxes. Moreover, the company has provided $12.5 million (UAH 352.2 million) to finance its own humanitarian foundation. The foundation was created on March 7. In Q1, Ferrexpo produced 2.7 million tons of pellets, down by 11% QoQ. Sales…
ArcelorMittal Kriviy Rih could become another Russia’s target. According to the company CEO Mauro Longobardo, Russian marauding troops are 60 km away. “We don’t know what could happen today or tomorrow. But we all hope that the Ukrainian Army will wipe them out. But we have to be realists – the plant could be hit…