The board of the Ukrtruboprom association has decided to appoint Georgiy Polskiy new CEO. In 1976-2002, he worked at the Dneprovsky Pipe-Rolling Works. He ended his work there as deputy CEO. Since 2004, Polskiy has been Interpipe NTZ chief engineer. Georgiy Polskiy started working in his new office on April 5. (Ukrainian metal)Details
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In January-March, Interpipe paid 590 million UAH of taxes to budgets of all levels, up by 4% QoQ. In particular, payments to the state budget amounted to 334 million UAH, to local budgets – 141 million UAH and the single tax payment – 115 million UAH. Last year, Interpipe paid 2.54 billion UAH of taxes.…Details
In 2020, Zaporizhstal received a net loss of 3.68 billion UAH, down by 15.1% YoY. Consolidated net loss decreased by 19%, to 3.14 billion UAH. EBITDA dropped by 9%, to 4.5 billion UAH, and consolidated loss by 11.8%, to 3.97 billion UAH. Net income decreased by 1.9%, to 45.63 billion UAH, and consolidated net income…Details
In January-March, Kamchatka yielded 1610.7 kg of gold, up by 30% YoY. Silver output grew by 13%, to 6.7 tons. In particular, Trevozhnoye Zarevo extracted 292.7 kg of gold, up by 37.2%, Ametistovoye – 693 kg, up by 5.3%, and Kamchatskoye Zoloto – 242 kg, up by 14.2%. SiGMA increased output 3-fold, to 383 kg.…Details
In 2020, Interpipe improved its EBITDA by 6%, to $273 million. Revenue dropped by 23%, to $865 million, capital investments – by 26%, to $44 million, and net debt to $12 million. EBITDA grew because of the geography and product diversification, as well as the increase of sales of high-added value products. (Ukrainian metal)Details
Metinvest has supplied 13.3 thousand tons of unique steel to Italy under the project to construct a 100-meter security arch over the Chernobyl Nuclear Power Plant fourth energy unit. The steel has specific requirements to quality and chemical composition according both to European and Ukrainian standards. Each sheet was certified by independent experts. Steel was…Details
Azovstal has spent 4.3 million UAH to buy the Laser Surface Velocimeter ProSpeed LSV-2100. The Polytec GmbH laser meter has been installed in the converter shop. “With the help of the LSV-2100 meter, the company provides for the manufacture of slabs at the continuous casting machines Nos. 3 to 5 with increased demands to sizes,…Details
The state enterprise Vostochniy Mining and Processing Works following an auction ordered U.Commodities LLC the delivery of gas valued at 36.71 million UAH. In April-September, the company has to supply 4.6 million cubic meters of gas at 7980 UAH per 1 thousand cubic meters. The price includes the transportation tariff of 163.9 UAH with the…Details
Yenakievo Iron and Steel Works, situated in the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, has shut down its Linde-KCA-Drezden air-separation machine. It is used to produce enough oxygen to make 3.5 million tons of steel per year in the oxygen-converter shop. When the machine was built, it had no…Details
GeoProMining has bought controlling shares of the Vismut company, which owns a license to develop the Zhelezniy Kryazh deposit in the Zabaikalye region with the reserves of 830 thousand ounces (25.8 tons) of gold. The company spent around 1 billion rubles on the purchase. Earlier, the 100% share was owned by Emelido Ltd, Cyprus. In…Details
Azovstal has spent over 4 million UAH to buy a new hot metal ladle for the blast furnace shop. The ladle was produced by Energomashspetsstal. This is the second new machine in the shop this year. In January, the company commissioned the first hot metal ladle. (Ukrainian metal)Details
In January-March, Uzbekistan Iron and Steel Works produced 236.38 thousand tons of electric steel, up by 2.1% from the target. Rolled metal output totaled 249.4 thousand tons, including 43.9 thousand tons produced in the shop No. 1, of which 42.8 thousand tons were milling balls. The shop No. 2 produced 200.2 thousand tons of bars.…Details