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In January-March, Marganets Mining and Processing Works increased net losses 16.6-fold, to 159.87 million UAH. Net income grew 2.4-fold, to 865.275 million UAH. Undistributed profit amounted to 451.143 million UAH. Capital investments totaled 370.943 million UAH. (Ukrainian metal)
DetailsIn January-April, scrap procurement in Ukraine decreased by 50.4% YoY, to 620.1 thousand tons. Domestic deliveries to metal plants dropped by 47.1%, to 583.5 thousand tons. Exports fell more than 12-fold, to 7.1 thousand tons. Imports collapsed 78-fold, to 0.1 thousand tons. (Ukrainian metal)
DetailsIn April, Zaporizhstal produced 68 thousand tons of pig iron after a forced delay in March. Now the company is mastering the manufacture of a new product – metal sheet for construction industry. When the war is over, this product will be needed to restore the city infrastructure. (Ukrainian metal)
DetailsMetinvest is preparing lawsuits against Russia for the destruction of Azovstal and Mariupol Ilyich Iron and Steel Works. The estimated amount of lawsuits is $10 billion. “The pre-war capitalization of our plants was $10 billion. We are preparing lawsuits to make Russia pay for all the damages inflicted,” Metinvest main shareholder Rinat Akhmetov has said.…
DetailsCentravis has resumed manufacture of pipes used in car industry. The cold- and hot-rolling shops at the manufacturing site in Nikopol have been launched. Their loading depends on the volumes of billets available. The company is exporting them from Europe. Before the Russian invasion of Ukraine, Centravis cooperated with Dneprospetsstal. (Ukrainian metal)
DetailsA court has arrested Glukhovskiy Quartzite Quarry LLC belonging to Rusal. According to the General Prosecutor’s Office, the quarry illegally extracted high-quality quartzite, silicon and ferrosilicon at the Banitskoye deposit in Sumy region. After that the raw materials were illegally exported to Russia and sold for the benefit of the military complex, in particular, for…
DetailsSince the start of the Russian invasion, Ferrexpo has paid over $35 million (UAH 1 billion) of taxes. Moreover, the company has provided $12.5 million (UAH 352.2 million) to finance its own humanitarian foundation. The foundation was created on March 7. In Q1, Ferrexpo produced 2.7 million tons of pellets, down by 11% QoQ. Sales…
DetailsArcelorMittal Kriviy Rih could become another Russia’s target. According to the company CEO Mauro Longobardo, Russian marauding troops are 60 km away. “We don’t know what could happen today or tomorrow. But we all hope that the Ukrainian Army will wipe them out. But we have to be realists – the plant could be hit…
DetailsRussia claims that with the help of its Kaliber missiles it has destroyed a large batch of Western weapons stored on the territory of Zaporozhye Aluminum Works. This is another Russia’s lie. Missiles destroyed old premises of non-operating shops with some rusty machinery. One employee perished. That’s how the super power wages war – shelling…
DetailsAlmost all the Metinvest-SMC servicing metal centers have resumed operation after a forced delay. In particular, the center in Lviv with the size of 5 thousand square meters, that opened a month before the war, found itself in the middle of hectic sales. “The center has increased sales to local customers, as well as clients…
DetailsDTEK intends in short-term to start exporting coal to Europe. “In the short-term we could replace Russian coal. We could become a supplier. For example, Poland has already dumped Russian coal, thus enabling us to make small deliveries to Poland and Slovakia,” the company CEO Maksim Timchenko said. DTEK is also mulling control over the…
DetailsKazatomprom chairman Mazhit Sharipov has visited uranium-extracting enterprises in Kyzylorda and Turkestan regions. Following his visit, Sharipov ordered to improve working condition and meet manufacturing targets. Kazatomprom is the largest uranium manufacturer in the world with the share of 24% in 2021. The group develops 26 deposits united under 14 enterprises. (Ukrainian metal)
DetailsThe Ukrainian Association of Secondary Metals (UAVtormet) considers it impossible during the martial law to turn tank armor into plates for bulletproof vests. The chemical composition of the armored steel of tanks and steel used to make vests is similar, but the multi-component steel manufacture is an obstacle. “To produce bulletproof plates it is necessary…
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