In 2020, Dneprometiz decreased net income by 7.6% YoY, to 1.227 billion UAH. Net loss amounted to 33.968 million UAH as opposed to a net profit of 25.279 million UAH in 2019. Undistributed profit totaled 60.286 million UAH. Accounts receivable dropped by 3.5%, to 147.148 million UAH, while fixed liabilities grew by 22.6%, to 199.633…
Energomashspetsstal has finished repairing a hydraulic press of the forging complex in the press-forging shop. Investments in the project amounted to 2.5 million UAH. The repair included the replacement of the old press management system. The work was carried out by the EMSS and Ukrmegastroy LLC specialists. (Ukrainian metal)
In January-March, KAZ Minerals decreased copper output by 3% YoY, to 72.4 thousand tons. The company intends to produce 275-295 thousand tons of copper this year. Gold manufacture decreased by 28%, to 39.9 thousand ounces, and silver – from 793 thousand ounces to 763 thousand ounces, while zinc grew from 9 thousand tons to 9.6…
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.…