In January-July, Ukraine exported 334.6 thousand tons of scrap, up 20-fold YoY. Import amounted to 14.8 thousand tons, up by 39.1%. Scrap procurement grew by 43.1%, to 2.34 million tons. Metal companies received 1.9 million tons of scrap, up by 23.1%. (Ukrainian metal)
In January-July, Almalyk Mining and Processing Works exported 55.061 thousand tons of copper, up by 19.6% from the forecast. In particular, copper cathodes accounted for 45.766 thousand tons, up by 9%, copper wire rods – 6.188 thousand tons, up by 181.3%, and copper pipes – 3.107 thousand tons, up by 68%. Zinc exports exceeded forecasts…
Global Analytica LLC has won a Prozorro.Sales auction to use a part of subsoil with the reserves of copper ores “Zalesy-Shmenki” with the size of 2336.7 ha. The company offered 122.2 million UAH, up five-fold from the starting price. The land plot is located in Volyn region. Reserves are estimated at 160 thousand tons. The…
In 2023, Uzbekistan Iron and Steel Works intends to hold its IPO at a foreign exchange. The corresponding roadmap was approved by the Ministry of Finances and the deputy Prime Minister Jamshid Kuchkarov. Uzmetkombinat has also started work on issuing eurobonds. The company is negotiating the issue with a number of investment banks. Prior to…
Interpipe has almost left the Ukrainian market of welded pipes for construction because of a considerable fluctuation of prices for strips in January-June. “In spring, prices for flat rolled metal reached $50-60. It was difficult to shape price for end customers, so we decided not to take risks and tried to sell products mostly from…
Interpipe intends to increase its pipe heat treatment capacities 2.5-3-fold having constructed a new treatment unit at Interpipe Niko Tube. “Global pipe buyers switch to premium and high-strength products. To improve pipe quality, it must be heat-treated. At present Interpipe heat treatment capacities are limited. Thus, we have started a new investment project to construct…
In January-June, Ferrexpo increased the share of sales to Central Europe from 21% to 34% and to Western Europe – from 4% to 14%. Sales to the Southeastern Asia, including China, dropped from 68% to 29%. Ferrexpo increased sales to the Northeastern Asia from 3% to 8% and to the Near East, North Africa and…
Metinvest has announced a tender to buy back up to $250 million worth of its eurobonds maturing in 2026 with the total volume of $647.66 million. Bonds will be bought for cash with the minimal price of $1,140 per each $1,000 bond. The offer is valid until August 18. The results will be announced on…