The Verkhovna Rada Committee on the integration of Ukraine into the European Union has approved of the bill No. 5175, which suggests prolonging the export duty on scrap in the amount of 58 euros per ton for 5 more years. The committee members have recommended the Committee on the Economic Development together with the Ministry…
In March, Zaporizhstal increased steel output by 14.1% YoY, to 343.7 thousand tons. Pig iron output grew by 10.8%, to 394.3 thousand tons, and rolled metal – by 24.6%, to 291.5 thousand tons. The increase in manufacture is due to shut down of the blast furnace No. 5 in March 2020 for repair. In Q1,…
Azovstal is launching its blast furnaces Nos. 2 and 3 after capital repairs. A loading device with the diameter of 5,000 mm has been replaced at the blast furnace No. 2. A new LB350-1 moisture analyzer produced by Berthold Technologies has been assembled at the blast furnace No. 3. 156 million UAH was invested in…
Last year, Interpipe Steel mastered the manufacture of 19 steel grades. In particular, the company learned to produce 14 new steel grades for pipe manufacture and 5 for the transport segment. In 9 years of operation, Interpipe Steel has mastered the manufacture of almost 540 grades. ER7 steel alloyed with sulfur was supplied to MWL…
The US International Trade Commission will impose duties on the import of pipes from Interpipe. The commission explains its decision by the damage to the American manufacturers from the Interpipe dumping while supplying pipes to the country. Interpipe sold pipes at the price 42.2% below the economically justified level. The company supplied around 40 thousand…
Uzbekistan has sold 687 tons of gold over the past decade, the Central Bank reports. Some 100 tons of gold were exported in 2020. The lowest amount of gold (10 tons) was sold in 2012, with the maximum amount in 2019 (110 tons). Gold prices have also changed during this period. While an ounce of…
In January, average wages in Ukrainian metal industry mostly grew. Ferrous metal industry demonstrated the largest growth – by 21.1%, to 20.4 thousand UAH. According to the Union of metal and mining workers, at by-product coke plants the average salary was 20 thousand UAH (+13.2%), at pipe companies – 13.3 thousand UAH (-7.1%), at mining…
In 2020, Zaporozhogneupor received 124.26 million UAH of net losses as opposed to a net profit of 53.71 million UAH in 2019. Undistributed profit amounted to 50.31 million UAH. Accounts receivable dropped by 31.6%, to 476.6 million UAH, and current liabilities – by 4.3%, to 1.3 billion UAH, while fixed grew by 40.2%, to 298…