Ukraine: scrap export to EU up in September 2022

In September, Ukraine increased exports of ferrous metal scrap to the European Union 5-fold MoM. While in August Ukraine exported 1 thousand tons of scrap in trial mode, in September exporters launched stable supplies to Poland, Slovakia and Lithuania, with combined deliveries at 5 thousand tons. Scrap is exported via two customs posts in Rovno…

Kazakhstan: billet plant to be constructed

QazSpecSteel plans to invest $587 million in the construction of a plant to produce steel billets with a capacity of 800 thousand tons in Aktobe. Last week, the regional authorities signed a memorandum of understanding with the company. The timeframe of the construction has not been revealed. When the design capacity is reached, the plant…

Ukraine: UGOK to keep 2021 profit undistributed

Shareholders of the Yuzhniy Mining and Processing Works intend to keep the net profit of 29.8 billion UAH received in 2021 undistributed. The issue will be discussed at the extraordinary shareholders meeting scheduled for November 25. He shareholders will also elect new members of the revision committee and the chairman. (Ukrainian metal)

Ukraine: coal imports down in January-September 2022

In January-September, Ukraine decreased coal import 3.2-fold YoY, to 4.5 million tons. According to the State Customs Service, in monetary terms imports dropped by 27.1%, to $1.1 billion. Russia supplied $430.16 million worth of coal (pre-war deliveries, the share was 39.02%), USA – $309.18 million (28.04%), Australia – $127.43 million (11.56%) and other countries –…

Kazakhstan: large lithium reserves available

At a meeting in Zhetysu region the Head of State said that Kazakhstan had large lithium reserves by various estimates ranging from 50 to 100,000 tons. The country’s geological service should speed up its activities in this direction, as development and exploration require large investments. The region has good industrial growth dynamics. Since the start…