The shareholders of Interpipe Novomoskovsk Pipe Works have approved the operational report for 2021. The decision was taken at the annual meeting on December 28, 2022. The revision commission has been revised, with Hanna Kushnir reelected and Yuliya Vedmidyova and Helena Fedorchenko elected. In 2021, Interpipe NMTZ increased net profit 2.2-fold YoY, to 175.722 million…Details
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In 2022, Almalyk Mining and Processing Works exported $947.5 million worth of products, exceeding the forecast by 10.8%. In particular, copper exports totaled 75.208 thousand tons, up by 1.9%, and zinc – 58.737 thousand tons, up by 15.9%. Export geography has widened. Thus, the company has entered new markets – Spain, Austria, Germany, Finland, Canada,…Details
Metinvest and the Renat Akhmetov Foundation have provided Pokrovsk community with powerful diesel power plants to support faultless operation of boiler houses when there is no electricity. “The powerful diesel generators are capable of providing constant electricity manufacture. They have proven their efficiency in Zaporizhzhya hospitals, where 2 such generators fully support the operation of…Details
According to the World Gold Council, the world’s central banks increased their gold reserves by 50 tons in November 2022. The largest buyer of the month was the People’s Bank of China, which bought 32 tons of gold, followed by the Central Bank of Turkey with 19 tons. Kazakhstan and Uzbekistan became the main sellers…Details
Metinvest has reelected the sane members of supervisory boards of some of its enterprises. Thus, on January 4, Zaporozhkoks extraordinary shareholders meeting reelected Metinvest CEO Yuri Ryzhenkov, CFO Yulia Dankova and legal director Svetlana Romanova as supervisory board members for 3 more years. The same will remain members of Zaporozhogneupor, Avdiivka Coke and Chemical Works…Details
In 2022, Zaporizhstal decreased rolled metal manufacture by 60.4% YoY, to 1.3 million tons. Steel output dropped by 61.7%, to 1.49 million tons, and pig iron – by 54.3%, to 2.009 million tons. In December 2022, the company produced 142.1 thousand tons of pig iron, 70.8 thousand tons of steel and 56.7 thousand tons of…Details
In January-November 2022, ArcelorMittal Kriviy Rih decreased metallurgical coke output by 66.7% YoY, to 880 thousand tons. In November 2022, the company produced 44 thousand tons of metallurgical coke. Bulk 6% moisture coke manufacture in 11 months of 2022 exceeded 1 million tons, including 51 thousand tons in November 2022. AMKR received 1.3 million tons…Details
Kametstal is repairing a compressor in the compressor-oxygen shop. The main task of the repair is to improve stability, safety and efficiency of the machine, which provides compressed nitrogen for steel and blast furnace manufacture. There are three compressors in the shop, and the machine No. 6 is now being repaired. The capacity of the…Details
In mid-December 2022, Ukrzaliznytsia concluded an agreement with French Saarstahl Rail to buy rails valued at EUR 37.6 million or 1.45 billion UAH. The company will buy 19 thousand tons of R-65 rails with the length of 25 meters. The price is EUR 1980 per ton or 76,392 UAH per ton on DAP Mostiska station…Details
Metinvest will provide over 10 mobile shelters for Ukrainian defenders. 3 protective constructions were sent to the brigade fighting off constant enemy attacks near Avdiivka. “These mobile dugouts can be used as shelters, providing protection against shelling,” Metinvest COO Alexander Mironenko has said. The shelters are made by various group enterprises. Each structure is 6…Details
In 2022, Zaporozhkoks decreased blast furnace coke output by 11.9% YoY, to 737.4 thousand tons. The decrease in manufacture is due to the shortage of raw materials caused by the Russian invasion. In December 2022, manufacture totaled 70.8 thousand tons, up from 68.1 thousand tons in November 2022 and 66.6 thousand tons in December 2021.…Details
The supervisory board of Kametstal has approved Alexander Tretyakov as the CEO of the company. Previously he was the acting CEO. The decision was taken on January 2. Tretyakov has been appointed until April 2, 2024. The previous CEO Dmitriy Lippa left his office on December 24, 2022. (Ukrainian metal)Details
The Cabinet of Ministers has prohibited the exports of anthracite, but increased the export quota of coking coal. According to the decree No. 1466 dated December 27, 2022, the export of coking coal is allowed in the volume of 600 thousand tons. The decree came into effect on January 1. In September 2022, the Cabinet…Details