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Ukrainian Metal
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A plant to produce pipes for oil and gas industries has been launched in Mangystau region. This is the first plant in Kazakhstan to produce steel pipes of small and medium diameter (up to 530 mm). The capacity is around 700 km of pipes per year. Investments in the project amounted to 5 billion tenge.…
DetailsIn January-October, Ukraine exported $11.54 billion worth of ferrous metals, up by 80% YoY. According to the customs statistics, in October revenue totaled $1.21 billion, up by 82.4%. Imports in 10 months grew by 44.45%, to $1.25 billion, with $139.13 million imported in October, down by 60.7%. (Ukrainian metal)
DetailsIn January-September, the state enterprise Vostochniy Mining and Processing Works produced 340.3 tons of uranium oxide concentrate, down by 47% YoY. Uranium ore mining dropped by 20%, to 343.8 thousand tons. The concentrate price dropped by 44%, to 990.7 million UAH. (Ukrainian metal)
DetailsThe Ukrainian Association of Ferroalloys Manufactures asks the authorities to impose a special duty on the import of ferroalloys from Russia. At present the duty for Russia is zero, while the country has a duty of 5% on almost all Ukrainian ferroalloys. Under such conditions, local ferroalloy manufacturers are unable to compete. The association believes…
DetailsThe State Property Fund has decided to postpone the auction on the privatization of the United Mining and Chemical Company till December. The fund received only two offers to participate in the auction, with one not meeting the current legislation requirements. As the auction cannot be carried out with just one participant, the fund has…
DetailsIn January-September, Dneprospetsstal decreased net losses 58.3-fold, to 15.219 million UAH. As of the end of September, uncovered losses amounted to 2.679 billion UAH. Net income grew by 40.2%, to 7.241 billion UAH, including 2.281 billion UAH of domestic sales and 4.959 billion UAH of exports. (Ukrainian metal)
DetailsZoloto Kamchatki has produced 40 tons of gold. Aginskiy Mining and Processing Works was the first gold-extracting enterprise in the region, which started mining for ore gold. In 2005-2018, the Aginskoye deposit was its resource base. Since 2018, its base has been the Baranyevskoye deposit. In 2012, Zoloto Kamchatki started developing the Ametistovoye deposit. The…
DetailsIn October 2005, the transparent privatization of Kryvyi Rih metallurgical plant became the largest investment in Ukraine. The state received UAH 24.2 billion. Lakshmi Mittal, Executive Chairman of ArcelorMittal, congratulated the largest mining and steel company in Ukraine: “Looking back at the years since ArcelorMittal successfully acquired Kryvorizhstal in 2005, the belief I had in…
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