Interpipe Limited intends to buy the share of Vallourec in their joint enterprise Vallourec Niko Tube, which produces steel pipes for the European market. The corresponding inquiry has been sent to the Antimonopoly Committee of Ukraine. The joint project was shut down in December 2021 because of low capacity, as well as duties. The joint…
Azovstal received the most VAT reimbursement in January among metal and mining companies – 1.27 billion UAH, up from 635.5 million UAH in December 2021. Mariupol Ilyich Iron and Steel Works was paid 999.2 million UAH (1.05 billion UAH) and ArcelorMittal Kriviy Rih – 946.5 million UAH (737 million UAH). Zaporizhstal received 826.8 million UAH…
In 2021, Metinvest enterprises produced 9.709 million tons of pig iron, up by 15% YoY. Steel output also grew by 15%, to 9.533 million tons. Manufacture of semi-finished products went up by 3%, to 3.411 million tons, including 1.347 million tons of pig iron (+24%), 1.651 million tons of slabs (-26%) and 413 thousand tons…
In January, Zaporizhstal produced 400.1 thousand tons of pig iron, up by 0.3% YoY. Steel manufacture dropped by 2.2%, to 328.9 thousand tons, and rolled metal – by 1.6%, to 280.7 thousand tons. Last year, the company mastered the manufacture of seven new types of hot- and cold-rolled coils for its key customers. (Ukrainian metal)
In January, Irkutsk region produced 1169.45 kg of gold, up by 4% YoY. 4 companies operated at gold deposits. In particular, Polyus Verninskoye produced 754.05 kg of gold, Vysochaishiy with Ugakhan – 156.4 and 180.9 kg respectively and Druza LLC – 78.1 kg. This year, the region expects to yield 20.98 tons of gold, including…
In January-November 2021, Ukraine supplied 1.15 million tons of iron ore to Turkey, up 2.6-fold YoY. In November 2021, exports totaled 190.6 thousand tons, with no exports in November 2020. Brazil is the main supplier of iron ore to Turkey with the share of 51%. It is followed by Sweden (14%) and Ukraine (11%). (Ukrainian…
This year, Krivoy Rog Iron Ore Industrial Complex intends to increase production of iron ore with the iron content of 58.94% by 8.6% YoY, to 4.67 million tons. It also plans to extract 5.47 million tons of iron ore with the iron content of 56.25%, up by 22%. In particular, the Oktyabrskaya mine has to…
On January 28, Uzmetkombinat, the largest ferrous metals producer in Uzbekistan, finalized a deal to buy 51% of shares of Li Da Metall Technology LLC. The deal was financed from the company own funds. Li Da Metall Technology is situated in Akhangaran. It was launched in 2020 by a Chinese investor. The company produces A400-A500…