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The co-founder of Privat Group Igor Kolomoyskiy has sold his part in the statutory capital of Kriviy Rih Iron Ore Industrial Complex. The new shareholder is now a Russian “thief in law” Mikhail Voyevodin called Misha Luzhnetskiy. He is the chief beneficiary of VS Energy, which in Ukraine owns five regional energy suppliers, a part…
DetailsMetinvest is increasing output thanks to three factors. “First, the situation with electricity supplies and railroad logistics in Ukraine has stabilized. Second, the situation on our export markets of steel and ore is better than in the second half of 2022. And third, we have launched an additional blast furnace at Zaporizhstal,” Metinvest operational director…
DetailsMetinvest intends to increase slabs manufacture at Zaporizhstal to 60-80 thousand tons. “Since the start of the year the company has already sold around 25 thousand tons of slabs. In May, we produced 6 thousand tons for our Italian assets. And we intend to increase output to 60-80 thousand tons,” Metinvest operational director Olexander Myronenko…
DetailsMetinvest will provide assistance to the employees of its Kriviy Rih enterprises, whose flats were damaged by the Russian missile on June 13. This will be a financial assistance to repair housing. According to the group PR director Andriy Scherbak, Metinvest has been supporting its employees since the first day of the full-scale invasion. (Ukrainian…
DetailsIn May, ArcelorMittal Berislav in the settlement of Arkhangelskoye in Kherson region resumed manufacture after a pause of more than a year. “From March we started shipping the accumulated limestone from our warehouses. These raw materials are used by ArcelorMittal Kriviy Rih sinter shop to produce sinter. Until the end of April, a complex demining…
DetailsAfter the Russian terrorists blew up the Kakhovka HPP dam, ArcelorMittal Kryvyi Rih sent some of its employees to remote work due to the lack of water. But now the company is returning people to normal work. AMKR was forced to suspend steel manufacture to decrease water consumption. The logistics chain of the company worked…
DetailsIn May, Ukraine exported 48.4 thousand tons of ferroalloys, down by 23.7% MoM. According to the State Customs Service, revenue decreased by 21.5%, to $42.99 million. It is impossible to compare the results with May 2022 due to the lack of data. In January-May, Ukraine exported 256.42 thousand tons of ferroalloys valued at $223.09 million.…
DetailsIn January-May, Ukraine decreased exports of iron ore raw materials by 55% YoY, to 6.846 million tons. According to the State Customs Service, export revenue totaled $752.472 million. The main customers were Slovakia (29.08% in monetary terms), the Czech Republic (25.06%) and Poland (21.42%). Ukraine imported 68 tons of iron ore raw materials valued at…
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