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In January-June 2022, Metinvest B. V. revenue amounted to $5.27 billion, down by 38% YoY. In particular, metallurgical segment revenue dropped by 44%, to $3.6 billion, and mining – by 18%, to $1.67 billion. EBITDA decreased by 59%, to $1.56 billion: metallurgical division – by 84%, to $287 million, and mining – by 47%, to…
DetailsDneprometiz has issued bonds of the fifth issue – D, E, F, G and H – with the total value of $ 5 million. All the issues were registered on February 24. Each issue contains 1 thousand bonds valued at $1 thousand each. (Ukrainian metal)
DetailsOn February 22, following an auction Selidovugol ordered Podshipnikcenter Trading House the delivery of various bearings valued at 22 million UAH (with VAT). Some bearings will be made by SKF. The delivery must be paid within 8 months. 1.47 million UAH will be paid for roller bearings 3618 of unknown manufacture at 5340 UAH with…
DetailsUkrainian metal companies were unable to increase exports to the USA despite the cancellation of an additional duty of 25% on steel from June 1, 2022. “We mostly supply pig iron there. That’s because of a number of antidumping duties imposed in late 1990s and early 2000s, when Ukraine had no status of a country…
DetailsIn February, Zaporizhstal decreased rolled metal manufacture by 55.1% YoY, to 99.6 thousand tons. Pig iron output dropped by 65%, to 125 thousand tons, and steel – by 62%, to 119.4 thousand tons. Compared with January, rolled metal manufacture increased by 36.4% and steel – by 32.8%, while that of pig iron fell by 24.7%.…
DetailsKyrgyzstan should have a unified policy in the field of coalmining, the President of the Board of the Association of Miners and Geologists of the Kyrgyz Republic Duishenbek Kamchybekov has said. According to him, more than 400 licenses are in the hands of coalmining enterprises to date in the country. More than half of them…
DetailsOver 9 months of 2022, the project “Decreasing irrevocable losses of cutting fluid” saved Armenal $540 thousand by decreasing the fluid usage by 17%. “Initially we planned to save 7.5%, but the CEO Arthur Zakaryan set a more ambitious goal – decreasing cutting fluid usage by 15% compared with 2021,” the manager of the project,…
DetailsMinister of Industry and Infrastructure Development Marat Karabayev has met with Deputy Director General of China Nonferrous Metals Mining (Group) Co., Ltd Liu Yu. The parties discussed the issues of cooperation in the construction of a copper-smelting plant in Kazakhstan. Marat Karabayev noted the Chinese company’s successful experience in the implementation of such large projects,…
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