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Metinvest will resume investing in new Ukrainian assets only after the war. “Ukraine has to win decisively for the investments to be resumed,” the group CEO Yuri Ryzhenkov has said. During the war, the group is revising its strategy, but the goal remains unchanged – to become one of the key players on the European…
DetailsIn August, Zaporizhstal produced 74.7 thousand tons of rolled metal, down by 73.4% YoY. Pig iron manufacture dropped by 63.6%, to 145.6 thousand tons, and steel – by 72.2%, to 94.4 thousand tons. In January-August, Zaporizhstal output decreased by 55.2% YoY, to 3.51 million tons. In particular, the company produced 1.42 million tons of pig…
DetailsMetinvest has provided the Security Service special corps “A” with aid valued at 30 million UAH. The Alpha Team performs tasks in the hottest spots on the frontline. “The men from the A Center have asked us for help. Taking into account the difficulty of tasks they performed in the rear, Metinvest promised to help.…
DetailsIn August, Ukrzaliznytsia decreased iron and manganese ore transportation by 6.8% MoM, to 1.89 million tons. Compared with August 2021, transportation dropped 3.4-fold. In January-August, Ukrzaliznytsia transported around 20 million tons of iron ore raw materials. (Ukrainian metal)
DetailsIf the blockade of the Ukrainian Black Sea ports is not lifted or global steel prices do not start growing, ArcelorMittal Kirviy Rih will have to completely shut down its operation. Speaking about 26 thousand employees, the company CEO Mauro Longobardo said that the support would not last forever. AMKR operates one blast furnace out…
DetailsOn August 30, the citizens of Mariupol saw smoke over Azovstal. It turned out that a fire broke out at the destroyed enterprise. The reason of the fire is yet unknown. In April-May, the Russian army was throwing dozens of 0.5-ton bombs on the enterprise territory each day. The area still has not been demined.…
DetailsKrivoy Rog Iron Ore Industrial Complex continues operating during war and is developing manufacture, as well as carrying out important repairs. “Our own way to adapt to the war began with holding concrete positions and choosing new priorities. Pledge of stable extraction is the construction of new horizons. Unlike many enterprises, which have stopped operation,…
DetailsIn January-June, KAZ Minerals produced 179.9 thousand tons of copper, up by 19.7% YoY. Sales grew by 36.9%, to 187.5 thousand tons. Zinc manufacture fell by 11.9%, to 19.2 thousand tons due to low metal content in ore and low extraction rate. Sales totaled 24.1 thousand tons, up by 9%. KAZ Minerals also produced 84.5…
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