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Before the war, ArcelorMittal Kriviy Rih produced raw materials mostly for its own use. The company exported only 20% of iron ore concentrate. Now AMKR exports 80%. In May, the company intends to export 450 thousand tons of concentrate, with 100 thousand tons via a new loading unit. Investments in the new unit exceeded 10…
DetailsIn March, Ukraine decreased ferrous metals export by 67.2% YoY, to $874 million. Imports dropped by 83.5%. In March 2021, exports totaled $1.16 billion and imports – $92.7 million. In January-February, Ukraine exported $2.04 billion worth of ferrous metals, up by 34.8%. Imports grew by 86.8%, to $230 million. (Ukrainian metal)
DetailsArcelorMittal Kriviy Rih is 20% loaded in pig iron manufacture and 50-60% in pig iron extraction. “Since the start of the war in Ukraine, the company has suspended operation to protect its employees. Since then we have resumed operation and are currently working with one of three blast furnaces. The blast furnace No. 6 (around…
DetailsAzerGold CJSC will ensure geological exploration in the Goygol region of Azerbaijan, as President Ilham Aliyev has signed a decree on amending the State Program for the Geological Study of the Subsoil and the Efficient Use of the Mineral Resource Base for 2020-2024. Thus, AzerGold CJSC, together with the Ministry of Ecology and Natural Resources,…
DetailsThe Yuzhniy Mining and Processing Works has purchased special New Zealand equipment for the quality department. Metinvest investments in the laboratory modernization amounted to 1.3 million UAH. The Boyd Elite RSD jaw crusher uses ore samples from various excavators and reloading sites of the Pervomayskiy and Gannovskiy quarries, as well as ore-processing factory No. 1.…
DetailsSince February 24, the Metinvest Group has spent UAH 1.176 billion on projects of aid to Ukraine. The main task of the humanitarian initiative was the purchase and delivery of humanitarian cargo, in particular, food from Europe to Ukraine. In 2 months, almost 30 thousand people received this aid. Thanks to charitable contributions from almost…
DetailsArcelorMittal has temporarily suspended all investment projects at ArcelorMittal Kriviy Rih, in particular, construction of the pelletizing factory with the capacity of 5 million tons per year. According to the company Q1 report, investment projects in Ukraine valued at $200 million are suspended. Funds intended for the AMKR will be redistributed to the renewable energy…
DetailsFollowing another shelling of Kramatorsk by Russian marauding troops, Energomashspetsstal has been heavily damaged. Russian missiles hit one of the most important shops for the company operation – the electric steel smelting shop. According to the company president Maksim Yefimov, the shop was seriously damaged. Since the start of the Russian invasion in Ukraine, EMSS…
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