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Shareholders of the Yuzhniy Mining and Processing Works intend to spend a part of the net profit for 2019 in the amount of 8.434 billion UAH to pay dividends (5.3 UAH per ordinary share). The issue will be discussed at the extraordinary meeting scheduled for March 5. The shareholders will also determine the net profit…
DetailsIn 2020, Ferrexpo increased premium pellets output with the iron content of over 67% to more than 300 thousand tons. Ferrexpo was the first company in Ukraine to start supplying premium or DR-pellets. All the premium pellets last year were shipped to the Ferrexpo plant in Texas, USA. Overall pellets output grew by 7%, to…
DetailsIn 2020, Severniy Mining and Processing Works decreased iron ore pellets output by 32.6% YoY, to 5.28 million tons. Concentrate manufacture grew by 4%, to 12.74 million tons. In 2019, SevGOK decreased pellets output by 7.2%, to 7.849 million tons, while increasing that of concentrate by 14.9%, to 12.245 million tons. (Ukrainian metal)
DetailsIn 2020, Central Mining and Processing Works decreased iron ore pellets output by 5.4% YoY, to 2.27 million tons. Iron ore concentrate manufacture grew by 10%, to 4.904 million tons. In 2019, CGOK increased pellets output by 4.3%, to 2.402 million tons, and concentrate by 0.5%, to 4.436 million tons. (Ukrainian metal)
DetailsThe employees of Stakhanov Ferroalloy Plant, situated in the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia, refused to ship products and unload raw materials. Last week saw a similar strike, but the employees believed the management that it would clear salary debts for October 2020. In the end, the workers…
DetailsIn 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…
DetailsIn 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)
DetailsPJSC 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…
DetailsUkraine 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,…
DetailsIn 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…
DetailsIn 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)
DetailsUkrainian 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…
DetailsDenis 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)
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