In January-May, Ukraine decreased pipes output by 30% YoY, to 334.5 thousand tons. In particular, enterprises of the Ukrtruboprom association decreased output by 37.4%, to 225.1 thousand tons. Of them, Interpipe NTZ produced 63.1 thousand tons of pipes, down by 43.7%, Interpipe NMTZ – 28.7 thousand tons, down by 37.3%, and Interpipe Niko Tube –…Details
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In the first half of the year, Ukrzaliznytsia put up 160.65 thousand tons of scrap for sale at the ProZorro auctions. Of them, 104.7 thousand tons valued at $433.2 million tons were sold. Of 11 auctions held on June 23, 4 have been successful. All the lots – 18 thousand tons of scrap valued at…Details
In January-May, Almalyk Mining and Processing Works exported 38 thousand tons of copper products with the expected target of 32.5 thousand tons, or up by 17%. In particular, the company exported 35660 tons of copper cathodes, up by 18.7% from the target (30050 tons). (Ukrainian metal)Details
The State Inspection of the Nuclear Regulation of Ukraine has prolonged the license to process uranium ores to the state enterprise Vostochniy Mining and Processing Works. The decision was taken on June 22 after a considerable delay. Now the enterprise can continue operating without any hindrances. (Ukrainian metal)Details
Pechersk District Court of Kyiv has again set limitations on 50.3% of Poltava Mining and Processing Works shares. “The shares belong to Ferrexpo AG Switzerland, the sole shareholder of Ferrexpo Poltava Mining. Ferrexpo AG will soon appeal this move”, Ferrexpo plc has announced. The new court decision is similar to the one dated January 31,…Details
As of June 1, Magadan region has extracted 13.03 tons of gold, up by 238 kg. In particular, the region extracted 11.623 tons of ore gold and 1.407 kg of alluvial gold. Tenkinskiy city district yielded the most gold – 8.58 tons, with the most alluvial gold (618 kg) was extracted in Yagodinsky district and…Details
In January-March, the pipe division of Interpipe registered losses, while railroad division was profitable. Interpipe increased EBITDA by 26%, to $86 million mostly due to positive results of the railroad division. Revenue decreased by 8%, to $251 million, while net debt grew to $88 million. Pipe sales dropped by 40%, to $112 million, with railroad…Details
In autumn, Mariupol Ilyich Iron and Steel Works intends to finish the project to modernize its sintering factory, decreasing pollution by 90%. The large-scale project began in 2012. All construction work was finished last year. Investments amounted to $150 million. (Ukrainian metal)Details
Metinvest does not intend to shut down its outdated open-hearth manufacture at Zaporizhstal before the oxygen-converter shop is constructed. At the same time, construction is postponed because of the lack of funds. Last year the group prepared a construction site and built a new road in Zaporozhye valued at 220 million UAH. “But because of…Details
Quick recovery of the business activities in China has not only positively influenced Metinvest mining segment, but also allowed it to supply steel products there. “China is not our traditional customer as to metal products, but it is our long-term market for iron ore raw materials”, the group CEO Yuri Ryzhenkov said. “With the suffering…Details
Interpipe international vertically integrated pipe and wheel company in January-March increased payment of taxes and fees to the budgets of all levels and extra-budgetary funds by 3% YoY, to UAH 803 million. The company said on Facebook the amount of contributions to the state budget totaled UAH 547 million, to local budgets some UAH 147…Details
Ferroalloy production in Ukraine in January-May shrank by 27% YoY, to 340,300 tons. The production of silicomanganese over the period under review decreased by 27.5%, to 253,600 tons, ferrosilicon production fell by 60%, to 23,490 tons, and that of metallic manganese dropped by 72%, to 870 tons, according to the Ukrainian ferroalloy producers association UkrFA.…Details
In early June, Zaporozhye Ferro Alloys Plant passed a recertification audit for the compliance of the quality management system to the requirements of the international standard ISO 9001:2015. The inspection has been carried out by the specialists of the Bureau Veritas Certification Ukraine. The only inconsistency in the quality management system noted by the experts…Details