Quick recovery of the business activities in China has not only positively influenced Metinvest mining segment, but also allowed it to supply steel products there. “China is not our traditional customer as to metal products, but it is our long-term market for iron ore raw materials”, the group CEO Yuri Ryzhenkov said. “With the suffering…
Interpipe international vertically integrated pipe and wheel company in January-March increased payment of taxes and fees to the budgets of all levels and extra-budgetary funds by 3% YoY, to UAH 803 million. The company said on Facebook the amount of contributions to the state budget totaled UAH 547 million, to local budgets some UAH 147…
Ferroalloy production in Ukraine in January-May shrank by 27% YoY, to 340,300 tons. The production of silicomanganese over the period under review decreased by 27.5%, to 253,600 tons, ferrosilicon production fell by 60%, to 23,490 tons, and that of metallic manganese dropped by 72%, to 870 tons, according to the Ukrainian ferroalloy producers association UkrFA.…
In early June, Zaporozhye Ferro Alloys Plant passed a recertification audit for the compliance of the quality management system to the requirements of the international standard ISO 9001:2015. The inspection has been carried out by the specialists of the Bureau Veritas Certification Ukraine. The only inconsistency in the quality management system noted by the experts…
In January-May, Ukraine imported 388 thousand tons of limestone, down by 65% YoY. At the same time, the import of lime grew by 25%, to 36 thousand tons. Metal industry accounts for two thirds of limestone consumption. The largest importers in January-May were Mariupol Ilyich Iron and Steel Works, Zaporizhstal and ArcelorMittal Kriviy Rih. (Ukrainian…
Russia’s gold output rose by 9.4% YoY, to 39.71 tons in January-February, the Finance Ministry said citing the data on supplies to the refining plants. Mined gold output rose by 11.8%, to 31.75 tons, and by-product gold output increased by 10.5%, to 2.85 tons, while gold scrap production fell by 3.8%, to 5.11 tons. Russia’s…
Following repairs, Dneprovsky Iron and Steel Works has commissioned its rolling shop No. 1. The first ingots have already been rolled. Earlier DMZ commissioned its blast furnace No. 2 after repairs. The next in line are the oxygen-converter and rolling shops. In 2019, DMZ decreased rolled metal manufacture by 43% YoY, to 449 thousand tons.…
According to TUIK, in April Turkey imported 84 thousand tons of pig iron, up by 40.2% MoM, but down by 45.4% YoY. The cost decreased by 31.4%, but grew by 48.4% respectively, to $28.6 million. In 4 months, Turkey imported 420 thousand tons of pig iron, down by 12.3% YoY. In monetary terms imports decreased…