In 2020, Kazakhstan increased refined copper export prices by 43% YoY. Output grew by 1%. Copper ore mining went up by 1.8%, to 121.9 million tons. The East Kazakhstan region yielded 52 million tons, Karaganda – 34.1 million tons and Pavlodar – 33.6 million tons. Kazakhmys exceeded its ore output plan by 0.8%, to 29.4…Details
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In 2020, Metinvest increased its net profit by 54% YoY, to $526 million. Revenue decreased by 3%, to $10.453 billion, while EBIDTA grew by 82%, to $2.204 billion. Debts fell by 3%, to $2.938 billion, with net debt down by 23%, to $2.111 billion. Capital investments went down by 37%, to $663 million. (Ukrainian metal)Details
PJSC ArcelorMittal Kryvyi Rih, following the results of its activities in 2020, slightly reduced sales of products in Ukraine due to the coronavirus pandemic. According to an interview of the director of the sales department in Ukraine and the CIS, Yevhen Chumachenko, published in the Metalurg corporate publication, according to preliminary estimates, last year the…Details
Ukraine and Algeria have significant potential for increasing cooperation in the metallurgical sector. According to the press service of the Embassy of Ukraine in Algeria, this was discussed during a meeting between Ambassador Maksym Subkh and Chief Executive Officer of Algeria’s IMETAL Group Tarik Bouslama. “During the meeting, the attention of the Algerian side was,…Details
In 2012-2020, Metinvest spent 15.35 billion UAH on the ecological modernization of its Mariupol Ilyich and Azovstal Iron and Steel Works. More than 40 large-scale projects have been carried out over the years. Thus, Azovstal decommissioned sintering shop, coke-oven batteries Nos. 5, 6 and 7 as well as blast furnaces Nos. 5 and 6, while…Details
In January, Ukrainian seaports handled 343.75 thousand tons of iron ore, down by 93.6%, due to the suspension of Metalloinvest (Russia) shipping via the Port of Yuzhniy, as the Ultramar terminal was launched in Ust-Luga. The handling of import coking coal fell by 81.6%, to 612.56 thousand tons. (Ukrainian metal)Details
Ukrainian enterprises reduced imports of copper and copper products in monetary terms by 40.3% YoY in January, to $9.666 million. According to the customs statistics published by the State Customs Service, exports of copper and copper products grew 3.2-fold, to $12.394 million. In addition, Ukraine reduced imports of nickel and nickel products by 17.5%, to…Details
Denis Morozov has been appointed the first deputy general manager of Interpipe. He will be responsible for the operational issues. Sergey Kuzmenko has become a new Interpipe CFO. (Ukrainian metal)Details
In 2024, Zun Hada will begin extracting gold at the Barun-Kholbinskoye deposit in the Republic of Buryatia. The company intends to extract 7-10 thousand tons of ore per month. Investments in the project will amount to 122 million rubles. Payments to the budgets of all levels during operation will reach 400 million rubles. (Ukrainian metal)Details
In January, Ukraine exported 45.4 thousand tons of ferroalloys valued at $47.6 million, down by 33.7% and by 35.3% YoY respectively. The share of ferroalloys in the overall exports amounted to 1.2%. The main customers were Poland (18.89%), Italy (16.08%) and Turkey (15.83%). Last year, Ukraine decreased ferroalloys exports by 25% YoY, to 626.6 thousand…Details
In January, Ukraine exported 3.69 million tons of iron ore and concentrate valued at $504.8 million, down by 6.9%, but up by 77.6% YoY respectively. According to the customs statistics, China was the largest importer with the share of 37.8%. It was followed by the Czech Republic (10.7%) and Poland (9.2%). Last year, Ukraine increased…Details
In 2020, the Republic of Buryatia produced 5668.94 kg of gold, up by 1.9% YoY. The increase is due to the growth of the ore gold output by 12.2%, to 3437.4 kg. Three companies mine for gold in the republic. Alluvial season resulted in 2231.34 kg, down by 10.7%. (Ukrainian metal)Details
In January, Mariupol Ilyich Iron and Steel Works increased rolled metal output by 22.5% YoY, to 355 thousand tons. Steel manufacture grew by 3%, to 360 thousand tons, and pig iron – by 2.6%, to 354 thousand tons. In 2020, the company produced 3.67 million tons of rolled metal, 3.05 million tons of steel and…Details