Zaporozhye Titanium and Magnesium Works has increased wages to its employees by 20% from May 1. According to the company statement, the increase was due to the effective operation of the enterprise. The increase in wages will result in the growth of taxes at the level of over 30 million UAH per year. Payments to…
DetailsAvdiivka Coke and Chemical Works, a part of Metinvest, and the administration of the town of Avdiivka (Donetsk region) have signed an agreement on social partnership. Financing of the social programs will total 18.1 million UAH. In 7 years of cooperation Metinvest has invested over 70 million UAH in Avdiivka development. The funds were spent…
DetailsThe modernization projects of Azovstal, Zaporizhstal and Mariupol Ilyich Iron and Steel Works have made it to the top-20 best environment programs. The rating comprised local and foreign companies operating in Ukraine. Both completed and programs in progress were taken into account. The rating is topped by Azovstal, with its blast furnace No. 3 reconstruction…
DetailsIn January-April, Ukraine mined 10.204 million tons of coal, down by 9.2% YoY. In particular, coking coal output dropped by 25.1%, to 1.618 million tons, while that of power-generating – by 5.4%, to 8.586 million tons. According to the Ministry of energy and coal industry, in April coal mining decreased by 14.9% YoY, to 2.439…
DetailsIn January-March, Beloretsk Iron and Steel Works increased metal wares sales by 3% QoQ, to 109 thousand tons. According to the company statement, sales of ball bearing wire grew by 96%, galvanized wire – by 13%, and low-carbon wire for ferroconcrete structures – by 70%. The sales of nails and steel mesh went up by…
DetailsPJSC Magnitogorsk Iron and Steel Works (MMK) and LLC Siemens, a subsidiary of the German Group of Companies Siemens AG, have signed a contract for the supply of electrical equipment for a period of three years. The joint work of the companies will be organized through the Siemens online store – Industry Mall. Through the…
DetailsArcelorMittal Kriviy Rih has finished the pre-commissioning of the upgraded automated dispatch control system for mining and conveyor equipment. The project price amounted to over UAH 16 million. The company started using the system in 2003, and in 2009 it switched it to Tetra digital data transmission system. Nevertheless, since then, ArcelorMittal Kriviy Rih has…
DetailsThe supervisory board of Yuzhkoks has stopped the office of the CEO Andrei Shabanov. Kirill Avramenko, the company CFO, has been elected acting CEO. The decisions were taken on May 22. The reason for such a decision is not explained. Shabanov was appointed Evraz Yuzhkoks CEO on December 18, 2017. On April 1, the supervisory…
DetailsAzerbaijan earned as many as $32.5 million by exporting 775.35 kg of gold in January-March. In the same period last year, the export of gold from Azerbaijan made up 726.05 kg worth $30.9 million. Thus, the export of gold in quantitative terms increased by 6.8% and the revenue went up by 5.3%. Gold production in…
DetailsPrices of precious metals increased in Azerbaijan on May 24 compared to the prices of May 23. The price of gold grew by 18.343 manats, to 2,182.5705 manats per ounce. The price of silver went up by 0.2394 manats, to 24.7752 manats per ounce. The price of platinum increased by 7.089 manats, to 1,364.7345 manats…
DetailsTUV SUD specialists have inspected Krasniy Octyabr Iron and Steel Works. In particular, the inspectors checked the company quality and environment management systems. The ISO 9001 and ISO 14001 certificates have been issued for 3 years, but in 2020 and 2021 the specialists will visit the plant again for an interim inspection. (Ukrainian metal)
DetailsAccording to the Federal Service of State Statistics, in April, industrial prices grew by 0.5% MoM, but dropped by 0.6% YtD. In metal industry, prices increased by 2.2% MoM and by 6.3% YoY, with prices in January-April up by 6.4% YoY. In particular, pig iron, steel and ferroalloys prices went up by 3.6%, copper –…
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