In 2021, Krivoy Rog Iron Ore Industrial Complex increased net profit 2.37-fold YoY, to 4.02 billion UAH. Net income grew by 68.9%, to 11.16 billion UAH. Iron ore output with iron content of 58.32% was 4.298 million tons. 30% was supplied to Mariupol Ilyich Iron and Steel Works, but in Q1 2022 deliveries decreased to…
Metinvest has sent over 60 drones and 50 night vision devices with helmets valued at 10 million UAH to the army. According to the military, this is not the first help from the group. “We are grateful for the help. It will provide our smallest troops on the battlefield with the eyes in the air.…
Under the Metinvest corporate program “Home for our own”, 150 employees have offered their housing to their colleagues who had to flee their homes following the Russian invasion. Of them 144 are in the cities where the group has its companies. 10 rent agreements have been concluded. In particular, Svetlana Roschenko from SevGOK has provided…
Dneprospetsstal in Zaporizhzhya is slowly resuming operation, in particular, to supply stainless steel to Centravis Production Ukraine. “DSS is our main supplier of billets,” Centravis CSO Artem Atanasov has said. Dneprospetsstal is the only producer of bars and forgings made of special steel grades: stainless, tool, speed, bearing, structure, as well as heat-resistant nickel-based alloys.…
Kametstal has started the capital repairs of the sintering machine No. 7 site. The company will modernize the plate conveyer. The old machinery has been dismantled. Conveyer frame metal structures have been repaired and partially replaced. 214 new support rollers have been installed. The repair will improve the equipment operation. (Ukrainian metal)
In January-April, Ukraine imported 91.021 thousand tons of manganese ore and concentrate, down by 26.4% YoY. According to the State Customs Service, in monetary terms imports dropped by 15.7%, to $12.248 million. Ghana supplied 99.86% of ore in monetary terms and Belgium – 0.15%. In 4 months, Ukraine didn’t export manganese ore, while in January-April…
Kametstal has commissioned compressed air adsorption dehumidifiers in the oxygen-compressor shop. The new equipment was installed in March. This will help decrease losses of compressed air during transportation via pipelines. (Ukrainian metal)
ArcelorMittal Kriviy Rih has decided to optimize its management structure to overcome the challenges of the war. In particular, the supply department has been merged with the finance department and will report to the CFO Sergey Plichko. “AMKR is a large buyer of goods and services and plays an important role in the Ukrainian economy.…