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In January-March, Interpipe increased net profit 2.6-fold YoY, to $57.142 million. Profit before taxes was $74.448 million, up from $29.202 million last year. EBITDA totaled $79.427 million, as opposed to $15.139 million in Q1 2022. At the same time, sales revenue decreased by 4%, to $229.291 million. (Ukrainian metal)
DetailsIn January 2022, before the Russian large-scale invasion, salaries at the enterprises of the mining and metallurgical complex were 22.14 thousand UAH. In May, salaries were at the level of 22.13 thousand UAH. Thus, nominal salary has actually reached the pre-war level. At the same time, salaries in the mining and metallurgical complex exceed the…
DetailsIn January-June, Zaporizhstal increased rolled metal manufacture by 1.8% YoY, to 844.2 thousand tons. Steel output grew by 10.5%, to 1.018 million tons, and pig iron – by 1.1%, to 1.145 million tons. In June, Zaporizhstal produced 131.9 thousand tons of pig iron (72.8 thousand tons in June 2022), 159.4 thousand tons of steel (69.6…
DetailsThe Ukrainian Association of Secondary Metals (UAVtormet) forecasts the increase of ferrous scrap procurement next year by 20% YoY, to 1.2 million tons. At the same time, expert Sergiy Kovalevskiy believes, that this year scrap procurement will be on the level of 1 million tons, of which 850 thousand tons will be used by Ukrainian…
DetailsIn January-March, Interpipe increased steel output by 13% YoY, to 184 thousand tons. Pipes manufacture grew by 12%, to 105 thousand tons, while railroad products dropped by 13%, to 20 thousand tons. Since the start of the year, the manufacture at all Interpipe enterprises has been seriously affected by harsh electricity limits. But in March,…
DetailsUkrLitiyVydobuvannya LLC, owner of the special license to develop the Polokhovskoye lithium deposit in Kirovograd region, believes that the sea route is the most efficient to export lithium products from Ukraine. Yet, if the blockade is not lifted, it will be possible to transport lithium via railroad or even in trucks. The end product of…
DetailsDuring 16 months of the full-scale war, defenders of Ukraine received 411 various vehicles and 1.2 million liters of fuel from the Metinvest Group. The aid is provided under the Steel Front military initiative. At the beginning of the war, the special machines of the group enterprises were in demand: trucks, bulldozers, excavators and dump…
DetailsKyiv Electric Carriage Repair Plant of Ukrzaliznytsia following a tender has ordered Interpipe Ukraine the delivery of railroad wheels valued at 11 million UAH. This year, the company has to supply 256 solid wheels with the diameter of 957 mm at 42,396 UAH apiece, or $1159 apiece. The wheels are produced by Interpipe NTZ. 2…
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