Ukrainian Metal
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Interpipe Dneprovskiy Vtormet intends to expand its scrap sales markets by attracting new iron and steel works in its customer base. The main risks for the company during the war are unstable economical situation in the country, competition, drastic scrap price decrease and the shortage of raw materials. The company also notes manufacturing risks linked…
DetailsIn January, Ukrzaliznytsia increased iron ore transportation by 45% MoM, to 1.14 million tons. “After April 2022, when we transported 2.3 million tons of ore, volumes had been decreasing: in November-December 2022 they totaled 770-780 thousand tons of exports. But in January, we had good news: we transported 1.14 million tons, up by 358 thousand…
DetailsIn 2022, Rudomine paid almost 500 million UAH worth of taxes to budgets of all levels. In particular, more than 330 million UAH was paid to the state budget and around 170 million UAH – to the budget of Kryvyi Rih. “The company has been working on the market of iron ore raw materials since…
DetailsShevchenkovskiy district court of Kyiv has arrested bank accounts of Poltava Mining and Processing Works. All the payment operations of the company, except for the payment of taxes, have been suspended. “The court took the decision based on the claim of the Prosecutor General’s Office under a case of rent payment evasion,” the company press…
DetailsFree interpretation of customs tariffs on behalf of some customs units hinders exports of Ukrainian scrap metal to the countries of the European Union. “According to the Association agreement with the EU, the customs duty is EUR 3 per ton, but a special EUR.1 certificate is required, which confirms Ukrainian origin. Issue of certificate is…
DetailsUnblocking seaports for metal and mining products would allow increasing scrap procurement in Ukraine. “If we forecast steel output on the level of 6 million tons, the procurement would amount to 900-950 thousand tons. Our main customer is the domestic market. Intrepipe and Kametstal have suspended scrap purchases. So this procurement forecast is quite realistic.…
DetailsIn 2023, Ukrzaliznytsia transported 1.7 million tons of iron and manganese ore, up by 46% YoY. Coal transportation dropped by 3.2%, to 2 million tons. As a whole, last month Ukrzaliznytsia transported 11.293 million tons of cargo, up by 11% MoM. (Ukrainian metal)
DetailsUnder its “Steel Front” initiative, Metinvest has sent mortar tripods and bulletproof vests to defenders of Bakhmut. In particular, recently the group has provided 10 tripods. Soon 20 more tripods will be supplied. Moreover, the defenders also received 100 bulletproof vests. So far, Metinvest has provided more than 150 thousand bulletproof vests, either produced or…
DetailsIn January, Almalyk Mining and Processing Works exceeded its export forecast by 31%. AGMK products are exported to Turkey, Russia, Belarus, Kazakhstan, Bulgaria, Azerbaijan, Kyrgyzstan, Poland, Tajikistan, the Netherlands and China. The company has also entered new markets of Spain, Austria, Singapur, Finland, South-African Republic and Senegal. In January, exports totaled $45.1 million. In particular,…
DetailsThe trade union receives numerous appeals from workers of the industry enterprises on the issue of wage increase, the Chairman of the Central Committee of the Mining and Metallurgical Trade Union of Kyrgyzstan Eldar Tadzhibaev has said. The miners and metallurgists are demanding better wage conditions, namely, a two-fold increase in pay rates and official…
DetailsThe chief accountant of Poltava Mining and Processing Works is suspected of the company not paying taxes for 2 billion UAH. According to the State Security Service, in 2018-2021 the suspect entered false data into official documents of the company, in particular on the payment for the use of the iron ore deposit. During this…
DetailsThe mining and metal complex is increasingly more dependent on export possibilities than other spheres of Ukrainian economy – on foreign markets Ukraine used to sell around 60% of its mining products and 80% of metal. 70% of metal products were exported via seaports, Alexander Kalenkov, president of the Ukrmetallurgprom Association, said. Under the current…
DetailsIn 2022, Ukraine dropped to the 24th place among global steel producers, according to Worldsteel. Ukraine produced 6.26 million tons of steel, down by 70.69% YoY. Pig iron manufacture decreased by 69.8%, to 6.39 million tons, resulting in Ukraine landing on the 15th place among 40 global producers. (Ukrainian metal)
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