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Prime Minister Alikhan Smailov announced the government’s measures in regards to the Arcelor Mittal Temirtau JSC upon death of miners. According to him, the subsoil use contract for JSC Arcelor Mittal Temirtau has been amended for the first time. Henceforth, the company will have to invest at least 150 billion tenge annually in modernization of…
DetailsIn January-September, taking into account associated enterprises and joint ventures, Metinvest paid almost 18 billion UAH of taxes to budgets of all levels. Profit tax was the highest, amounting to 6 billion UAH, followed by the social payment of 3.3 billion UAH. Despite the Russian invasion, Metinvest increased rent payments for iron ore extraction by…
DetailsAzovstal CEO Enver Tskitishvili resigns from office. The decision was taken by the supervisory board on November 5. CEO’s last day in the office will be November 14. Oksana Tsymbalyuk, Metinvest-MRMZ LLC financial director, has been appointed CEO from November 15. (Ukrainian metal)
DetailsKametstal has shipped a batch of granulated blast furnace slag in the amount of 19 thousand tons to a customer from Poland. “Metal products are the economical support of Ukraine. And even the secondary product can bring the company additional profit,” the company said on Facebook. More than 285 railroad cars have already arrived at…
DetailsSanctions must be applied against the entire Russian metal complex, while Ukrainian metal companies must get full access to the American market, the first vice prime minister, minister of economy of Ukraine Yuliya Sviridenko has said at the meeting with the secretary of commerce of the USA Gina Raimondo. “Steel is the sphere in which…
DetailsIn October, Ukraine exported 1.06 million tons of iron and manganese ore, down by 21% YoY. This is the lowest result this year. Pig iron exports dropped by 63%, to 72.2 thousand tons. At the same time, the export of rods reached pre-war levels (65 thousand tons). On the whole, the trends in metallurgy are…
DetailsOn November 7, Yuzhniy Mining and Processing Works in Krivoy Rog is resuming operation. The output target for the month in the amount of 173 thousand tons of iron ore concentrate has already been approved. The concentrate will be supplied to Kametstal and Zaporizhstal. The volume of processing will be divided between two factories. Both…
DetailsThe United Mining and Chemical Company intends to sell 2.1 thousand tons of scrap with the combined cost of 7.6 million UAH. The company will offer two lots in the Prozorro system. The first lot will consist of 2.09 thousand tons of 501, 502 and 503-type scrap with the combined cost of 7.2 million UAH.…
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