Metinvest has transferred shares of the enterprises, remaining on the occupied territory, to a separate company. One of the plants is already being bankrupted. The shares have been transferred to Sitler Management Limited (Cyprus). The company is 100% owned by Metinvest B. V. The names of the enterprises, the shares of which were transferred, were…
DetailsNLMK Lipetsk has launched a recovery complex to capture and process chemical by-products from coke and chemical operations. The project will enable an increase in the production of raw materials for the chemical industry and for agribusiness, and halve the shop’s air emissions. Denis Manturov, Minister of Industry and Trade of the Russian Federation, and…
DetailsProlonged delays in addressing the matter of Lydian Armenia’s operations is economically damaging not only to the company, but also to the country in general, said the Armenian British Business Chamber (ABBC) in a statement. “On July 9 at the National Assembly of the Republic of Armenia the ongoing issue of our member Lydian Armenia…
DetailsIn 13 years ArcelorMittal has invested over $4.4 billion in its Kriviy Rih assets, with more than 6 billion UAH invested in the environment-friendly machinery. AM bought the plant for $4.8 billion, and none of the 36 main units operated according to environmental standards. Now 4 coke-oven batteries, 2 blast furnaces, 3 converters and 2…
DetailsIn January-June Ukraine imported 2.566 million tons of aluminum ore and concentrate (bauxites), up by 11.7% YoY, valued at $112.740 million, up by 22.6%. According to the State Fiscal Service, the main suppliers were Guinea (57.09%), Guyana (37.53%) and Brazil (2.59%). In 6 months Ukraine exported 22 tons of aluminum ore and concentrate valued at…
DetailsEvraz ZSMK has received a certificate of correspondence to the requirements of the Customs Union of the DT400IK high-durability rails. The certificate allows the company selling the rails on the territory of the Union. The DT400IK rails are used in complex environment, characteristic of the Urals, Siberia and the Far East. The first batches of…
DetailsIn January-June Yerkovetsky pit in Amur region mined 1.5 million tons of coal, up by 5% YoY. The pit resources are 5 billion tons of coal. The pit was commissioned in 1991. Its capacity is 2.5 million tons of coal per year. On the whole, in H1 Amur region mined 1.7 million tons of coal.…
DetailsIn January-June Severstal steel output grew to 6.1 million tons. Pig iron manufacture increased by 1%, to 4.67 million tons. The sales of iron ore concentrate went up by 3%, to 2.73 million tons. The sales of large-diameter pipes in Q2 grew by 9%. (Ukrainian metal)
DetailsIn June Zlatoust Electrometallurgical Works exceeded the output target. In particular, the company produced 5.054 thousand tons of liquid steel, up by 1.1% from the plan. The electric arc steel shop No. 2 produced 4.566 thousand tons. The company also manufactured 2.687 thousand tons of bars, with the mill-400 yielding 732 tons, up by 9%,…
DetailsMagnitogorsk Iron and Steel Works (MMK) was named the best exporter of high technology products among enterprises in the Urals Federal region of Russia. The winners of the “Exporter of the Year” awards were announced as part of the Global Manufacturing & Industrialization Summit 2019, held on July 9-11 in Yekaterinburg. MMK won the regional…
DetailsIn January-June Ukraine increased carbon steel semi-finished products exports by 8.6% YoY, to 3.811 million tons, valued at $1.603 billion, down by 4.2%. According to the State Fiscal Service, exports went to Italy (30.58%), Egypt (15.35%) and Algeria (8.39%). In 6 months Ukraine imported 30.48 thousand tons of semis, up by 34.9%, valued at $18.388…
DetailsIn January-June Ukraine decreased ferroalloys exports by 2.6% YoY, to 459.161 thousand tons, valued at $505.271 million, down by 6.2%. According to the State Fiscal Service, Turkey accounted for 17.13% of exports, Italy for 15.6% and the Netherlands for 9.62%. In 6 months Ukraine imported 22.075 thousand tons of ferroalloys valued at $72.873 million, down…
DetailsAmur Zoloto LLC, extracting gold in Khabarovsk region, obtained 805.5 kg of the precious metal in January-June, up by 40% YoY. The Yubileyniy Mining and Processing Works processed 59.5 thousand tons of ore mined at the Krasivoye deposit. Perevalniy GOK processed 59.7 thousand tons of ore. Buor and Udachniy sites yielded 120.3 kg of alluvial…
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