Employees of ArcelorMittal Kriviy Rih have organized a strike demanding increase in salary and improvement of labor conditions. In particular, they want their wages to be increased by 30%. If the management does not agree with them, they could resort to more radical actions, for example an Italian strike. Earlier, AMKR reported that from May…
Verkhovna Rada, the Ukrainian Parliament, has decided to extend the current scrap export duty of 58 euros per ton for 5 more years. The decision was supported by 291 members. The extension of the duty will help save 21.5 thousand jobs and create 3.5 thousand new jobs, decrease CO2 emission and help increase GDP by…
In January-March, Khabarovsk region yielded 4086.5 kg of gold, down by 4.4% YoY. This year, gold output is expected to reach 25.1 tons, up by 2%. Operation at alluvial sites will begin in May. (Ukrainian metal)
The board of the Ukrtruboprom association has decided to appoint Georgiy Polskiy new CEO. In 1976-2002, he worked at the Dneprovsky Pipe-Rolling Works. He ended his work there as deputy CEO. Since 2004, Polskiy has been Interpipe NTZ chief engineer. Georgiy Polskiy started working in his new office on April 5. (Ukrainian metal)
In January-March, Interpipe paid 590 million UAH of taxes to budgets of all levels, up by 4% QoQ. In particular, payments to the state budget amounted to 334 million UAH, to local budgets – 141 million UAH and the single tax payment – 115 million UAH. Last year, Interpipe paid 2.54 billion UAH of taxes.…
In 2020, Zaporizhstal received a net loss of 3.68 billion UAH, down by 15.1% YoY. Consolidated net loss decreased by 19%, to 3.14 billion UAH. EBITDA dropped by 9%, to 4.5 billion UAH, and consolidated loss by 11.8%, to 3.97 billion UAH. Net income decreased by 1.9%, to 45.63 billion UAH, and consolidated net income…
In January-March, Kamchatka yielded 1610.7 kg of gold, up by 30% YoY. Silver output grew by 13%, to 6.7 tons. In particular, Trevozhnoye Zarevo extracted 292.7 kg of gold, up by 37.2%, Ametistovoye – 693 kg, up by 5.3%, and Kamchatskoye Zoloto – 242 kg, up by 14.2%. SiGMA increased output 3-fold, to 383 kg.…
In 2020, Interpipe improved its EBITDA by 6%, to $273 million. Revenue dropped by 23%, to $865 million, capital investments – by 26%, to $44 million, and net debt to $12 million. EBITDA grew because of the geography and product diversification, as well as the increase of sales of high-added value products. (Ukrainian metal)