If Ukrzaliznytsia starts exporting scrap via direct contracts, as its management plans, this will not result in a 2-2.5-fold increase in profit. The maximum margin will amount to $5 per ton. According to the economist Olexii Kusch, the company does not understand the scrap price forming. He says, on the domestic market all expenses from…
In 2023, Centravis intends to increase exports of stainless seamless pipes by 6% YoY, to 12.3 thousand tons. In January-August, exports reached 8.35 thousand tons valued at EUR 96.5 million to 35 countries. The company pays special attention to the European and American markets and is increasing its presence in the Near East and the…
On September 18, Vasiliy Atanasov, co-founder and a shareholder of Centravis, one of the largest manufacturers of stainless steel pipes in the world, died at the age of 88. Atanasov was born in 1935. All his life he devoted to the Nikopol Pipe Works, on the basis of which in 2022 the Nikopol Stainless Pipes…
Ukrzaliznytsia has asked the Cabinet of Ministers to allow it selling a part of its scrap to major global metal manufacturers via direct agreements without export duty. “There is an idea to sell a part of scrap for export at the external prices, which are 2-2.5 times higher than in Ukraine. Back in April, we…
In January-August, Ukraine procured 754.5 thousand tons of scrap, down by 3.5% YoY. Domestic deliveries of scrap to metal plants decreased by 15.8%, to 601.1 thousand tons. Imports fell by 62.5%, to 0.6 thousand tons. At the same time, exports went up 3.9-fold, to 117.5 thousand tons. As of September 1, scrap stocks at metal…
Ukraine has shipped its first batch of uranium to Canada under an agreement signed between Energoatom and Cameco. The agreement presupposes the supply of all uranium extracted by Vostochniy Mining and Processing Works to Canada and its further conversion into natural uranium hexafluoride (UF6). Such a process is necessary to prepare uranium for its further…
In August, Dniprovskiy Iron and Steel Works decreased rolled metal output by 67.4% MoM, to 4.4 thousand tons. Coke manufacture dropped by 15.3%, to 25.8 thousand tons. Compared with August 2022, rolled metal production decreased by 64.7%, while that of coke grew 2-fold. The decrease was due to the repairs of the main machinery. In…
Interpipe has designed, developed and tested new Intrepid-MT premium-class joints for oil companies from the USA. Thanks to their high strength and impermeability, Intrepid-MT can be used as part of casing columns in inclined and horizontal oil and gas shafts. (Ukrainian metal)