The transactions in cash in the process of metal procurement will be limited at 10,000 lei at the most. The initiative legislative on the amendment of the Fiscal Code, launched by a group of MPs of the faction of the Action and Solidarity Party (PAS), was backed by the parliament’s commission for economy, budget and…
In 2021, capital investments in the mining and metallurgical complex of Ukraine grew by 32.7% YoY, to $1.82 billion. According to the Service of State Statistics, in metal industry the growth was 36.7%, to $75.4 million, while in metallic ore mining – 29.2%, to $948.7 million. The volume of investments in the segment of iron…
The Cabinet of Ministers has included carbon and other alloyed rolled steel, cold-deformed rods and bars as well as some metal structures and their parts in the list of critical import wares. The list also includes copper foil, metal-cutting machines and machines for metal treatment. In 2021, domestic consumption of rolled metal grew by 4.14%…
Lietuvos Geležinkeliai (Lithuanian Railways, LTG), Lithuania’s state-owned railway company, is halting the transportation of products sent to the port of Klaipeda by companies that are part of Russia’s mining and metallurgy group Metalloinvest. The decision was made in view of the continuing Russia’s invasion of Ukraine and the European Union’s (EU) new sanctions on Moscow,…
The Ministry of Economy has allowed the Ukrainian Metallurgical Plant Design Institute to conclude an agreement to design the construction of a forging and banding complex in Ekibastuz, Kazakhstan for $840 thousand. The design was ordered by Astana Kala Kurylys. The cost of the work was more than 10% Ukrgipromez assets value, so the enterprise…
In January-November, Belarus decreased metal transit via Ukraine by 34.5% YoY, to 398.7 thousand tons. According to Ukrzaliznytsia, the main supplier was Belarus Iron and Steel Works. Metal was mostly shipped to Odessa port. (Ukrainian metal)
In October, average level of wages at by-product coke plants increased by 16.7% MoM, to 19.4 thousand UAH. At ferrous metals enterprises wages grew by 5.94%, to 20.75 thousand UAH, at pipes enterprises – by 5.2%, to 16.02 thousand UAH, at mining enterprises – by 1.53%, to 20.15 thousand UAH, at non-ferrous metals enterprises –…
In January-October, Ukraine increased railroad transportation of metal by 6.4% YoY, to 18.1 million tons. In October, compared with October 2020, transportation grew by 1.67 million tons, with exports up by 5.9%, to 1.17 million tons, and domestic transportation – by 6.7%, to 400 thousand tons, while transit dropped by 50.6%, to 56 thousand tons,…