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The Ferrexpo board of directors has decided to pay interim dividends for 2022 in the amount of $0.132 per ordinary share. These are the first dividends announced this year. The final dividends for 2021 will be approved by the shareholders at a meeting on June 15. Interim dividends will be paid on June 28. (Ukrainian…
DetailsWithin the next 2 years, steel output in Ukraine will decrease at least by two-thirds, director of Metinvest strategy and business development department Roman Perepelitsa has said. The company sees two possible scenarios. The first presupposes the victory of Ukraine in war with Russia. Then a speedy recovery of the economy can be expected with…
DetailsThe Russian occupiers have started taking metal from the Mariupol port with the help of Russian ships. According to the satellite image of Planet Labs, the RM-3 cargo vessel arrived on May 28 at the quay usually used to load metal. The ship belongs to the Russian company Reka-More registered in Rostov-on-Don. The vessel left…
DetailsLast week, the state enterprise Lvivugol received budget means as well as payment for coal sold. The funds were used to pay 25% of the salary for March, with mobilized employees receiving the full wages. So far, the employees have received 77% of their March salary. 11.875 million UAH still need to be paid. Together…
DetailsIn five days the sinter shop of Kametstal has capitally repaired a car dumper. This machinery is the most important technological element in the process of creating iron ore pile for sinter. The car dumper provides for the full cycle of unloading cars with the minimal human interference. Metal structures of the rail part were…
DetailsRussian occupants could illegally transfer metal products belonging to Metinvest to the ports in Rostov, Taganrog, Novorossiysk, Tuapse and the occupied Sevastopol. A day before the Russian invasion, the port of Mariupol stored metal that had to be exported to Spain, Italy, Belgium, Greece, Portugal and Turkey. The foreign ships in the port carried 28…
DetailsRussian metal companies are considerably decreasing output. Thus, compared with January-February, MMK has decreased steel production by 40%, while Severstal is reporting a 20-40% drop in June. MMK might produce 550 thousand tons of steel in June. With full loading of capacities the company produces around 1 million tons per month. A part of Severstal…
DetailsEach day, 70 to 80 people apply to the ArcelorMittal Kriviy Rih personnel department. They are both local citizens and internally displaced persons. 4 IDPs have already been hired, with 11 more preparing the necessary documents. Most of them are from Kherson, Donetsk and Lugansk regions. The IDPs are given constant jobs as well as…
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