Zaporizhstal has confirmed the correspondence of its cold- and hot-rolled metal to European standards. In particular, the works has received EN10025-1 certificates of the 305/2011 construction regulations and EN 10130 certificates. The recertification audit was carried out on February 21-22. Zaporizhstal has been working according to EN 10025-1: 2004 and EN 10130: 2006 standards since…Details
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Anglo Asian Mining PLC, the AIM (Alternative Investment Market) listed gold, copper and silver producer, has upgraded its forecast on the production of precious metals in Azerbaijan for 2023, the company’s press service reports. “This year, we expect the production of precious metals at the level of 50,000-54,000 ounces in gold equivalent, as well as…Details
Uzmetkombinat and Tropidia Holding B.V. have created Pro Farro LLC. Its main tasks are to process liquid slurry and metallurgical waste and produce construction materials for cement industry. The enterprise will be launched this year. Uzmetkombinat investments in the construction and equipment will amount to $3 million. Slurry processing will reach 100% and metal waste…Details
In 2022, Centravis exports amounted to 11.6 thousand tons for EUR 125.8 million. Compared with 2021, exports decreased by 33% and by 9% respectively. Pipe output last year dropped by 38.3%, to 11.2 thousand tons. Pipes were delivered to 46 countries. (Ukrainian metal)Details
ArcelorMittal Kryiviy Rih finished 2022 with a considerable net loss because of the war and the operation at 25% of capacities. At the same time, according to the CEO Mauro Longobardo, the company received a financial aid from ArcelorMittal of $600 million. This allowed paying salary to employees and continue operating despite difficulties with buying…Details
A court has arrested 6.8% of Dneprospetsstal shares belonging to Oksana Marchenko, wife to Victor Medvedchuk, via three offshore companies. According to the Security Service of Ukraine, the value of the shares exceeds 440 million UAH. The strategically important enterprise specializes in the manufacture of almost 1 thousand types of steel and metal wares. Russian…Details
In February, Ukraine produced 424 thousand tons of steel, down by 72.7% YoY. At the same time, this is much better than in January, when 284 thousand tons were produced. Ukraine now occupies the 25th place in Worldsteel rating. In January-February, Ukraine produced 708 thousands tons of steel, down by 79.2% YoY. Following the results…Details
In 2022, Interpipe paid 2.816 billion UAH of taxes to budgets of all levels, down by 5% YoY. The drop was mostly due to the decrease in output. In particular, payments to the state budget amounted to 1.74 billion UUA (-7%) and to local budgets – 623 million UAH (+1%). The company has also paid…Details
Steel manufacture at Metinvest plants is 60-65% loaded, while mining and processing companies are working with the 25-40% loading. “After a year of war we see stabilization at our foreign assets, in particular, in Italy, where manufacture has been resumed. We are reconstructing logistics and supply chains of our two plants in Italy and the…Details
Ukrainian metal companies started increasing output after a considerable fall last year, but new challenges appeared. In particular, this concerns scrap supplies. It is expected that in the next few months the shortage will increase. For a couple of months now, scrap stocks at enterprises have not been exceeding 20-25 thousand tons, while in December…Details
In January, Kazakhstan extracted 10.4 million tons of coal, up by 2.3% YoY. The key regions – Pavlodar and Karaganda – accounted for 90.7% of the output. Pavlodar region extracted 6.6 million tons of coal, up by 5.3%, and Karaganda – 2.8 million tons, down by 4.9%. In 2022, Kazakhstan produced 118 million tons of…Details
Quantitative restrictions have been imposed on the export of precious metals and raw materials containing them from the territory of Kyrgyzstan. The decision was made at a meeting of the Cabinet of Ministers. It is aimed at protecting the domestic jewelry industry and assisting in the development of domestic jewelry production during processing of precious…Details