Ukraine: ferrous metals export revenue down in January-February 2023

In January-February, Ukraine exported $357.1 million worth of ferrous metals, down 5.6-fold YoY. According to the State Customs Service, ferrous metals accounted for 5.53% of the overall export revenue as opposed to 17.6% last year. In February, ferrous metals export revenue totaled $191.42 million. Imports decreased by 28%, to $163.54 million, with $94.8 million in…

Ukraine: Kametstal repairs 2 locomotives

Since the start of the year, Kametstal has capitally repaired two locomotives. The TGM4 series machines No. 1181 and No. 1183 now operate at the Domennaya station, mostly transporting hot metal ladles and sludge carriers in the converter shop. The repair allows extending the operation of the locomotives by 6 to 7 years. Kametstal operates…

Ukraine: Ferrexpo income down in 2022

In 2022, Ferrexpo received $1.2 billion of income, down from $2.5 billion in 2021. The drop was due to the Russian invasion of Ukraine resulting in the operational and logistics losses. EBITDA decreased by 47%, to $765 million. The fall was partially compensated for by the exchange rate difference ($339 million). Capital investments fell to…