Ukraine: scrap exports up in January-October 2023

In January-October, Ukraine increased ferrous metals scrap exports 3.89-fold YoY, to 146.927 thousand tons. According to the State Customs Service, in monetary terms exports grew 2.9-fold, to $42.088 million. Since March, an increase in exports has been noted. In January, Ukraine exported around 8.28 thousand tons of scrap, in February – 16.5 thousand tons, in…

Ukraine: VostGOK managers accused of embezzlement

In Kirovohrad region law enforcers revealed managers of the state enterprise Vostochniy Mining and Processing Works on buying metallurgical slag wastes at inflated prices. VostGOK is the largest in Europe and the only in Ukraine extractor of uranium ore and producer of uranium concentrate. According to the Economical Security Bureau, the enterprise announced tenders to…

Ukraine: NZF suspends operation

Following other industrial assets, controlled by the Privat group, Nikopol Ferroalloy Plant has also suspended operation. One of the main reasons is the problem with product sales, as well as electricity supplies in autumn and winter. The arrest of the key beneficiary Ihor Kolomoiskiy has also affected the situation. In October, Marganets and Pokrovs Mining…