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On October 12, ArcelorMittal Kriviy Rih launched the process of decommissioning coke-oven batteries Nos. 1 and 2. They are the oldest at the plant. Four batteries will remain at the plant, with only two working – Nos. 5 and 6 – which last week were put into operation following a forced shut down after the…
Details150 thousand bulletproof vests have been produced and provided to the Ukrainian servicemen under the “Steel Front” initiative of Rinat Akhmetov at Metinvest enterprises since the start of the full-scale Russian invasion. This is every tenth vest in Ukraine. The vests made of Metinvest special steel are provided to the military free of charge. Moreover,…
DetailsIn September, Ukraine produced 254 thousand tons of rolled metal, up by 2.4% MoM, but down by 82.8% YoY. Pig iron manufacture dropped by 7.5% MoM, to 310 thousand tons, and steel – by 7.1%, to 340 thousand tons. Rolled metal output was the highest since the start of the full-scale Russian invasion. In January-September,…
DetailsArcelorMittal Kryvyi Rih has decided to limit electricity consumption and temporarily decrease output. “This is important to decrease electricity consumption in Kriviy Rih and provide for safety of our employees, which is our key priority,” the company said on Facebook. At the same time, products are shipped to customers as planned. “We hope to return…
DetailsFerrexpo has temporarily suspended operation at its assets in Poltava region due to the damage to the state grid by the Russian terrorist attack on October 10. “Our engineers are evaluating the damage done to the electric infrastructure and are estimating the period of forced delay due to repair,” the company said on October 11.…
DetailsThe rescuing operation to lift miners has been completed. All 854 employees have been lifted to the surface. “As of 2 a. m. the rescue operation has been completed,” the head of the Krivoy Rog Military Administration Alexander Vilkul has announced. The liquidation of consequences of the missile strike continues, but the water supply has…
DetailsIn January-June, Interpipe decreased net profit by 33.7% YoY, to $19.53 million. Sales revenue grew by 0.2%, to $461.44 million. EBITDA dropped by 54.7%, to $50.4 million. Capex totaled $9.02 million, down by 71%. Net debt grew 4.8-fold, to $2.42 million. (Ukrainian metal)
DetailsInVenture has announced sale of the Dneprovskiy Roll Works belonging to Dneprotechservice. The initial price is $5 million. The enterprise, founded in 1896, is now one of the largest producers of pig iron rolls for bar, pipe and sheet hot-rolling mills. The company customers are iron and steel works producing hot-rolled metal. Rolls are mostly…
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