Ferrexpo will pay 1 billion UAH of profit tax to the state budget and budgets of all levels in advance. “In this difficult time for Ukraine business cannot stand aside. We need to unite and help the country as best we can. That is why Ferrexpo decided to support the initiative of its main shareholder…
Azovstal has added two new products to its portfolio. They are rolled sheets made of previously not produced steel grades. In particular, in several months the company has developed a new technique and started producing rolled sheets of L290NE/X42NE PSL2 grade ordered by Serbia. 8 thousand tons have already been shipped. Moreover, Azovstal started producing…
In 5 years, Zaporizhstal has modernized 8 locomotives having invested around 100 million UAH. In particular, 6 TGM4 and TEM2 locomotives have been repaired in partnership with locomotive-repair enterprises. Two more were repaired by the company itself. This allowed saving up to 15%. Repaired machines allow decreasing fuel expenses by 12% and motor oil by…
In 2021, Energomashspetsstal decreased sales by 17.1% YoY, to 2.754 billion UAH. The company sold 18.06 thousand tons of various products, with the most part exported. 70 companies from 17 countries were its customers. The order portfolio for this year has already been formed. The main part will be the export of billets for the…
In 2021, Ukraine increased exports of ferrous metals by 81.4% YoY, to $13.95 billion. According to the State Statistics Service, ferrous metals accounted for 20.5% of all export revenue last year. Export of ferrous metal wares, including pipes, metal structures, wire, etc., grew by 47.3%, to $1.29 billion (1.9% of all exports). At the same…
In January, Interpipe increased steel manufacture by 69.8% YoY, to 93 thousand tons. Railroad products output dropped by 14%, to 13.8 thousand tons, while that of pipes grew by 29.5%, to 52.7 thousand tons. Europe accounted for 45% of sales, Ukraine for 31%, CIS for 16%, MENA for 6% and Americas for 2%. The main…
Azovstal is modernizing steel ladles in the converter shop. 2 ladles valued at 4.6 million UAH each were delivered in early February. One of the ladles has already been commissioned, while another is being prepared to be put into operation. Three more will be replaced during the year. Azovstal uses 18 ladles. (Ukrainian metal)
Sukhaya Balka reports a new purchase of machinery under an investment program to modernize mining and improve its safety and efficiency. The enterprise has purchased an Epiroc Boomer T1D drilling machine and a Derui mine excavator. Investments exceeded 20 million UAH. (Ukrainian metal)