During the coronavirus quarantine lockdown, Metinvest enterprises carried out 21 capital repairs of machinery and mastered manufacture of 16 new types of products, having spent 331 million UAH on modernization. In particular, Azovstal repaired 16 main machines. Investments totaled 126 million UAH. Mariupol Ilyich iron and Steel Works finished 5 capital repairs of main and…Details
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In January-March, Interpipe Nizhnedneprovsk Pipe-Rolling Plant received 255.8 million UAH of net losses as opposed to a net profit of 812.7 million UAH in Q1 2019. Consolidated net income decreased by 8.7%, to 3.116 billion UAH. Undistributed profit totaled 3.648 billion UAH. Interpipe NTZ produces welded pipes with the diameter of 152 to 530 mm.…Details
In May, Zaporizhstal produced 321.5 thousand tons of steel, down by 6% YoY. Rolled metal manufacture dropped by 7.8%, to 269.1 thousand tons, while that of pig iron grew by 16.9%, to 391.7 thousand tons. In January-May, Zaporizhstal produced 1795.1 thousand tons of pig iron (-2% YoY), 1504.2 thousand tons of steel (-12.1%) and 1287.8…Details
According to preliminary data, in May Ukraine produced 1.62 million tons of steel, down by 11.1% YoY. Pig iron manufacture dropped by 0.9%, to 1.66 million tons, and rolled metal – by 17.1%, to 1.43 million tons. In January-May, Ukraine produced 8.28 million tons of steel (-10.7% YoY), 8.15 million tons of pig iron (-6.6%)…Details
The Eastern macroregion (Kharkiv, Donetsk, Lugansk, Dniepropetrovsk, Kirovograd and Zaporozhye regions) is the largest metal-consuming region in Ukraine with the share of over 50%. In 2019, its share grew to 53.9% from 50.4%. The Eastern macroregion has a large number of industrial consumers, who use metal products in the manufacture of their own products. The…Details
In January-April, Ingulets Mining and Processing Works increased iron ore concentrate manufacture by 4.1% YoY, to 3.585 million tons. In April, the enterprise produced 984 thousand tons of concentrate, down by 13.5% MoM. In 2019, InGOK increased concentrate production by 1.2% YoY, to 11.05 million tons. (Ukrainian metal)Details
ArcelorMittal Kriviy Rih is completing the next stage of equipment upgrading of production area No. 2 of MD crushing plant. Two new crushing mills were installed there that would allow balancing the production of both streams of crushed ore coming through conveyors to OBP No. 2. The company’s investments in this large-scale project amounted to…Details
In January-March, Metinvest decreased revenue by 11% YoY, to $2.536 billion. The decrease was mostly due to the drop in sale prices following global decrease, as well as the influence of the COVID-19 pandemic on the business activity and demand for steel. Revenue in Ukraine decreased by 6%, to $726 million. At the same time,…Details
The President of Uzbekistan Shavkat Mirziyoyev has signed a decree to increase manufacture of non-ferrous and precious metals at Almalyk Mining and Processing Works. The project to develop the Yoshlik I deposit will be carried out in 2 stages. The first stage, in 2020-2024, sees the development of the deposit and the construction of a…Details
In January-April, Sukhaya Balka decreased iron ore output by 3.7% YoY, to 875 thousand tons. In April, the enterprise produced 208 thousand tons of ore. In 2019, output grew by 0.3% YoY, to 2.727 million tons. (Ukrainian metal)Details
In January-March, Vysochaishiy increased gold output by 33.2% YoY, to 2175.7 kg. The increase is due to the growth of output by 10% and the increased gold content in ore. The main increase was provided by Irkutsk region deposit: Goletz Vysochaishiy and Verkhne-Ugakhanskiy site yielded 1640.3 kg of gold. The Drazhnoye deposit in the Republic…Details
In January-April, Yuzhniy Mining and Processing Works decreased iron ore concentrate manufacture by 5.5% YoY, to 3.997 million tons. Sinter was not produced in the period. In April, UGOK produced 1.074 million tons of concentrate, up by 6.7% MoM. (Ukrainian metal)Details
Interpipe-NTZ has replaced two of its cranes. In particular, one crane was replaced at the site of wheel finishing and another at the site of wheel manufacture. “Because of the repairs of outdated machinery, the delay in operation of both sites has increased. This was the reason for the machinery modernization”, the company reported. Investments…Details