The Cabinet of Ministers has approved of a financial plan for the United Mining and Chemical Company for 2020 with the net profit of 575.67 million UAH. The corresponding decision was taken on November 18 without discussion. Taxes are expected to amount to 344.67 million UAH, including 104.2 million UAH of profit tax. (Ukrainian metal)
DetailsIn January-October, ArcelorMittal Kriviy Rih decreased rolled metal output by 3.8% YoY, to 3.7 million tons. Steel manufacture dropped by 16.6%, to 3.8 million tons, pig iron – by 11.3%, to 4 million tons, and sinter – by 11.5%, to 7.4 million tons. In October, AMKR produced 320 thousand tons of rolled metal, 350 thousand…
DetailsThe mine named after Skochinsky in the Russia-occupied Donetsk is on fire. 26 miners were underground, when the fire started. 3 people were injured. The fate of 4 miners is unknown. (Ukrainian metal)
DetailsIn January-October, Interpipe Steel decreased steel production by 13.9% YoY, to 541 thousand tons. In October, the company produced 62.8 thousand tons of steel, down by 2.9% MoM. In 2019, Interpipe Steel produced 854.5 thousand tons of steel, down by 4.2% YoY. (Ukrainian metal)
DetailsIn January-October, the volume of the domestic rolled metal market decreased by 5.6% with the subsequent drop in imports share by 3.4%. Thus, the volume was 3619.7 thousand tons, with 1027.7 thousand tons, or 28.4%, imported. In the similar period of 2019, the volume of the domestic market was 3832.4 thousand tons, with 1217.4 thousand…
DetailsOn November 12, the state enterprise “Dneprovsky railroad transport certification service” decided to cancel the certificate of correspondence of railroad wheels to the DSTU GOST 10791:2016 issued to Prommashkomplekt LLC (Kazakhstan). The main reason for the revocation of the certificate was that the wheels were not tested in Ukrainian laboratories. It turns out, the Kazakh…
DetailsIn January-October, Energomashspetsstal increased steel output by 14.6% YoY, to 55 thousand tons. In October, EMSS produced 5 thousand tons of steel. Last year, the company manufactured 59 thousand tons of steel, down by 4.8% YoY. (Ukrainian metal)
DetailsThe Chelbanya Quarry LLC, a Susumanzoloto daughter company, developing alluvial gold sites in Magadan region, has finished its washing season with 305 kg of gold, up by 8% YoY. This year the company intended to extract 300 kg of gold. Thus, the target was exceeded by 5 kg. The preparation for the alluvial season of…
DetailsIn January-October, Ingulets Mining and Processing Works increased iron ore concentrate output by 7.6% YoY, to 9.9 million tons. In October, InGOK produced 931.6 thousand tons of iron ore concentrate and mined 2.3 million tons of ore. Last year, concentrate output amounted to 11.05 million tons. (Ukrainian metal)
DetailsIn January-October, Ukrainian by-product coke plants decreased metallurgical coke manufacture by 6.3% YoY, to 7.2 million tons. In October, output was roughly on the level of the previous two months (823 thousand tons). In November, no considerable changes are expected. In 10 months, Avdiivka Coke and Chemical Works decreased coke output by 12.6% YoY, to…
DetailsRussian companies may raise their production of mined and by-product gold, including gold produced through recycling of scrap metal and waste, and of gold concentrate by 1% YoY, to 371.5 million tons in 2020, Chairman of the Union of Gold Producers of Russia Sergei Kashuba said during a forum on November 12. “As we receive…
DetailsIn January-October, Centravis produced 14.92 thousand tons of pipe products, down by 13% YoY. “This year we intend to produce 17.5-17.6 thousand tons, less than last year, still in such a turbulent year our company has been able to meet all the global challenges”, the company CEO Yuri Atanasov said. In 2020, Centravis has expanded…
DetailsInterpipe investment portfolio in the near term will amount to $100 million. The company plans to finance a number of projects to decrease CO2 emission, improve energy efficiency of the manufacturing process and allow making products corresponding to international standards. According to the company CFO Denis Morozov, the state could also help modernize the industry…
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