In January-August, Ukraine exported 30.712 million tons of iron ore raw materials, up by 12.9% YoY. According to the State Customs Service, revenue grew by 0.9%, to $2.522 billion. The main customers were China (34.4%), Poland (12.17%) and the Czech Republic (10.13%). (Ukrainian metal)
Interpipe notes a large drop in scrap procurement in Ukraine together with the growth of the bad quality scrap. “Scrap procurement in Ukraine has decreased because of the pandemic leading to a drop of steel output. There is some scrap shortage, but the losses are minimal”, Interpipe CFO Denis Morozov has said. According to him,…
In 2019, Kremenchuk Steel Works received net profit of 67.22 million UAH, down 3.1-fold YoY. Undistributed profit was 121.87 million UAH. The shareholders at a meeting intend to decide on the distribution of profit for 2018-2019 (in 2017 the loss amounted to 5.49 million UAH). Preliminary it is proposed to spend the net profit of…
In January-August, Ukraine procured 1.907 million tons of scrap, down by 13.9% YoY. Deliveries to metal companies dropped by 13.4%, to 1.796 million tons. Exports fell by 44.4%, to 20.6 thousand tons, while imports – by 714%, to 12.1 thousand tons. (Ukrainian metal)
Since the start of the season, the miners team Vitim has extracted 1596 kg of gold, down by 13% YoY. This year, the company intends to extract 2500 kg of gold. Last year output was 2819 kg. Vitim owns over 30 licenses and is operating in Irkutsk region. (Ukrainian metal)
Interpipe has increased pipe sales in the Near East countries. “We have victories at that market. We have made first deliveries to ADCO, UAE. It’s one of the largest Near East companies extracting gas and oil”, Interpipe CFO Denis Morozov has said. Moreover, the company also supplies pipes to Turkish Petroleum. “Recently, a new large…
In January-August, Druza LLC extracted 699.3 kg of gold at the Nevskoye ore deposit in Irkutsk region, down by 6.7% YoY. This year the company intends to mine 1100 kg of gold. Thus, the target has been met by 64%. Druza obtained the license to the deposit in 2003. The license is valid until 2029.…
The debt of DTEK for the rent of the Dobropolyeugol mines has reached 100 million UAH. According to the State Property Fund, monthly payments amount to 18.3 million UAH. DTEK has not been paying since March. The agreement on the long-term rent of the mines was signed on December 22, 2010. Last year, DTEK paid…
