Capital investment projects will become the main focus for the Metinvest group this year. “We have recently commissioned the continuous casting machine No. 4 at the Mariupol Ilyich Iron and Steel Works, but this is only the beginning of our large-scale investment program, as it allows us increasing our steel output by 1 million tons.…
On April 20, ArcelorMittal Kriviy Rih will shut down its largest blast furnace No. 9 for capital repairs. The work is scheduled to be completed in 45-48 days. The company will replace cooling plates of the furnace and the charging equipment, repair the shell, concrete spray the furnace and apply refractory concrete to the hearth.…
Pobuzhye Ferronickel Plant has overcome the negative personnel dynamics by increasing salary by 38% in H2 2018. “In December 2018 we hired 11 people more than resigned. The people started returning to the plant”, the company CEO Oleg Bespalov said. Earlier a part of the employees moved to the neighboring Poland to seek jobs. The…
In 2019 Asha Iron and Steel Works intends to increase output. In particular manufacture at the electric arc furnace shops Nos. 1 and 2 is to grow by 19% and by 5% YoY respectively, at the sheet-rolling shops Nos. 1 and 2 – by 4.1% and by 17%. While the sheet-rolling shop No. 3 has…
Metinvest has reached a preliminary agreement on the discount of 20% on the delivery of its cargo by railroad to the ports of Mariupol and Berdyansk. “The agreement was reached during the meeting in the Ministry of infrastructure. Ukrzaliznytsia showed its readiness to provide such a discount. The discount will cover metal products only”, Berdyansk…
The state enterprise Ukrpromvneshexpertisa forecasts that in April scrap stocks at metal companies will grow by 15.4% MoM, to 75 thousand tons. Scrap stocks as of the end of February dropped to 79 thousand tons, or by 55% MoM. Scrap stocks in working days fell to 9 days, or by 25% below the norm. The…
In 2018 Energomashspetsstal received 293.6 million UAH of net losses, down 3.2-fold YoY. The value of assets grew by 1.6%, or by 41 million UAH, to 4.1 billion UAH, while accounts receivable dropped by 7.5%, or by 30.8 million UAH, to 382.3 million UAH. Fixed liabilities decreased by 38.5%, or by 875.1 million UAH, to…
In January-February, the volume of production of raw and semi-processed gold or in powder form was 14,315 kg in Kazakhstan, up by 5% YoY, the Committee on Statistics of the Ministry of National Economy reported. In the reporting period, the volume of production of raw and semi-processed silver or in the form of powder amounted…