Ukraine: VKO to change name

In 2023, Vatutino Refractory Works (Cherkassy region) decreased net loss by 24.5% YoY, to 119.72 million UAH. Due to losses in 2022-2023, the company asks its shareholders not to pay dividends. At the meeting scheduled for December 6, shareholders intend to discuss changing the company name to “Imerys Bahacheve”. As of Q2, the main shareholder…

Ukraine: court declares coal factory bankrupt

On November 7, the Commercial Court of Donetsk region declared one of three coal factories of the arrested businessman Vitaliy Kropachov, the Ukraina factory in Ukrainsk, bankrupt. The town of Ukrainsk was occupied by Russian invaders a couple of weeks ago, but the factory encountered problems much earlier. The bankruptcy case was launched in 2020,…

Armenia: government introduces scrap export ban

Armenia has introduced a temporarily ban on the transportation of a number of goods to the EAEU countries and export to third countries. The corresponding decision was taken at the government meeting on November 7. The decision will regulate exports of used goods made of ferrous and non-ferrous metals, help develop local manufacture and provide…

Ukraine: ferroalloy exports down in January-October 2024

In January-October, Ukraine decreased ferroalloy exports 5-fold YoY, to 66.26 thousand tons. According to the State Customs Service, revenue fell 3.7-fold, to $78.138 million. The main customers were Poland (25.17%), Turkiye (24.31%) and Italy (19.74%). Over 10 months, Ukraine imported 77.556 thousand tons of ferroalloys valued at $131.192 million, up 11.4-fold and 4.8-fold YoY respectively.…