In April, metal companies were provided with scrap for 94.2% and in the first 5 months – for 101.3%. In May, scrap deliveries decreased by 44.6%, to 174.9 thousand tons, and in January-May – by 19.7%, to 1.1 million tons. The largest consumers were Metinvest enterprises and Dneprovsky Iron and Steel Combine (41.2 thousand tons),…Details
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Pobuzhye Ferronickel Plant will invest $6.4 million in the reconstruction of its gas-purifying equipment. In particular, the company has started working on the project to reconstruct the third stage of gas-purifying equipment. The company has already installed a reserve smoke-exhaust system. The cost of assembly reached 300 thousand UAH. (Ukrainian metal)Details
The State Property Fund was able to replace the director of Zaporozhye Titanium and Magnesium Works LLC based on a decision taken by the Cabinet of Ministers back in February. “Last week we returned Centerenergo to the state, and now have secured state control over ZTMK. The Unified registry of entities now has information about…Details
Dneprovsky Iron and Steel Works has resumed shipping metal after more than 6 months of idleness. The company has sent out 167 carriages with sinter from the Goryainovo and Kaydakskaya stations. On June 10, DMZ plans to ship 13 thousand tons of metal products (220 carriages) from the Kaydakskaya station. The batch will comprise channel,…Details
Many coalmines are closed in the temporarily occupied territories of Donbas, and a large number of local residents become unemployed. The closure of Ukrainian coalmines is beneficial for the Russian Federation, which wants to trade its own coal, Vice Prime Minister – Minister for the Temporarily Occupied Territories of Ukraine Oleksiy Reznikov has said. “The…Details
During the coronavirus quarantine lockdown, Metinvest enterprises carried out 21 capital repairs of machinery and mastered manufacture of 16 new types of products, having spent 331 million UAH on modernization. In particular, Azovstal repaired 16 main machines. Investments totaled 126 million UAH. Mariupol Ilyich iron and Steel Works finished 5 capital repairs of main and…Details
In January-March, Interpipe Nizhnedneprovsk Pipe-Rolling Plant received 255.8 million UAH of net losses as opposed to a net profit of 812.7 million UAH in Q1 2019. Consolidated net income decreased by 8.7%, to 3.116 billion UAH. Undistributed profit totaled 3.648 billion UAH. Interpipe NTZ produces welded pipes with the diameter of 152 to 530 mm.…Details
In May, Zaporizhstal produced 321.5 thousand tons of steel, down by 6% YoY. Rolled metal manufacture dropped by 7.8%, to 269.1 thousand tons, while that of pig iron grew by 16.9%, to 391.7 thousand tons. In January-May, Zaporizhstal produced 1795.1 thousand tons of pig iron (-2% YoY), 1504.2 thousand tons of steel (-12.1%) and 1287.8…Details
According to preliminary data, in May Ukraine produced 1.62 million tons of steel, down by 11.1% YoY. Pig iron manufacture dropped by 0.9%, to 1.66 million tons, and rolled metal – by 17.1%, to 1.43 million tons. In January-May, Ukraine produced 8.28 million tons of steel (-10.7% YoY), 8.15 million tons of pig iron (-6.6%)…Details
The Eastern macroregion (Kharkiv, Donetsk, Lugansk, Dniepropetrovsk, Kirovograd and Zaporozhye regions) is the largest metal-consuming region in Ukraine with the share of over 50%. In 2019, its share grew to 53.9% from 50.4%. The Eastern macroregion has a large number of industrial consumers, who use metal products in the manufacture of their own products. The…Details
In January-April, Ingulets Mining and Processing Works increased iron ore concentrate manufacture by 4.1% YoY, to 3.585 million tons. In April, the enterprise produced 984 thousand tons of concentrate, down by 13.5% MoM. In 2019, InGOK increased concentrate production by 1.2% YoY, to 11.05 million tons. (Ukrainian metal)Details
ArcelorMittal Kriviy Rih is completing the next stage of equipment upgrading of production area No. 2 of MD crushing plant. Two new crushing mills were installed there that would allow balancing the production of both streams of crushed ore coming through conveyors to OBP No. 2. The company’s investments in this large-scale project amounted to…Details
In January-March, Metinvest decreased revenue by 11% YoY, to $2.536 billion. The decrease was mostly due to the drop in sale prices following global decrease, as well as the influence of the COVID-19 pandemic on the business activity and demand for steel. Revenue in Ukraine decreased by 6%, to $726 million. At the same time,…Details