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ArcelorMittal 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…
DetailsIn July-September, Ferrexpo produced 0.8 million tons of iron ore pellets, down by 68% YoY. The main reason of the drop is the Russian invasion of Ukraine in February and the logistics limitations connected with it. Now only one of four pelletizing lines is operating. In Q3, pellets output using direct reduction grew by 35%…
DetailsIn January-September, Almalyk Mining and Processing Works exported $722.5 million worth of products, up by 25.4% from the forecast. Thus, AGMK exported 60064 tons of copper products, up by 12.7%, 54887 tons of copper cathodes, up by 22.8%, and 7284 tons of bluestone, up by 28.7%. Zinc exports exceeded forecast by 29.6% at 46661 tons,…
DetailsThe European Bank for Reconstruction and Development is promoting energy efficiency in the steel industry of Uzbekistan by supporting the operation Tashkent Pipe Works. A loan of $15 million will help the company launch manufacture of straight-seam pipes (LSAW) and decrease output of spiral-seam pipes (SSAW). The new welding technique required much less energy and…
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