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Since the start of the Russian invasion, Metinvest has provided the Ukrainian Armed Forces with almost 500 drones. Thus, the group has purchased DJI Air 2S Fly More Combo, DJI Air Mavic 3 Fly More Combo and Autel drones. Some models have the operation distance of 24 km and the flight height of 1 km.…
DetailsKametstal has asked the Prime Minister Denys Shymhal to help – due to the difficulties with logistics and the drop in metal world prices the company is working at a third of its capacities. The company has resources enough for three months of operation. And if nothing is made to stimulate manufacture, the company operation…
DetailsIn January-June, Nikopol Ferroalloy Plant decreased net profit 7.4-fold YoY, to 223.2 million UAH. Net income amounted to 9.05 billion rubles, down by 9.9%. Undistributed profit as of the end of June was 8.4 billion UAH. (Ukrainian metal)
DetailsUzmetkombinat intends to export its products to Europe, where free niches appeared after the suspension of deliveries from Russia, Belarus and Ukraine. The company has opened a trading office in Vilnius and plans to supply rebars and wire rod to the Baltic States via railroad and by trucks, as well as to the Northern and…
DetailsFitch Ratings has decreased the rating of Ferrexpo. The company long-term rating was downgraded from B- to CCC+. Moreover, the agency excluded the company rating from the Rating Watch Negative due to the worsening of working condition in Ukraine and the growth of risks. “The rating reflects high uncertainty as to Ferrexpo financial and operational…
DetailsIn January-June, Marganets Mining and Processing Works increased net losses 4.3-fold YoY, to 42.164 million UAH. Net income dropped by 23.6%, to 1.138 billion UAH. Undistributed profit amounted to 568.849 million UAH. As of late June, MGOK has produced 249.464 thousand tons of enriched manganese ore and sold 192.6 thousand tons. (Ukrainian metal)
DetailsIn January-June, Kazakhstan extracted 57.4 million tons of coal, up by 5.9% YoY, valued at 271 billion tenge. Pavlodar region yielded 33.9 million tons, up by 4.9%, and Karaganda region – 18.4 million tons, up by 2.3%. Exports amounted to 13.7 million tons valued at $344.2 million, up by 21.1% and by 91.5% respectively. Most…
DetailsKametstal has capitally repaired a blast furnace gas burner No. 2. The gas originates when smelting pig iron in blast furnaces. When it is purified, it could be used as fuel in air heaters, gas engines, etc. The excess gas is disposed of in burners. Thanks to the repair it is now possible to use…
DetailsThe Ministry of Strategy and Finances of South Korea begins the first revision of antidumping duties on the import of ferrosilicomanganese from Ukraine, as well as Vietnam and India. The duties are valid until November 29. The revision will cover the period from January 1, 2021 till December 31, 2021. The duties were imposed in…
DetailsShareholders of Stalkanat-Silur have decided to pay dividends in the amount of 65.73 million UAH using the profit for January-April. The decision was taken at the extraordinary meeting on July 19. The dividends will be paid from August 11 till February 11, 2023. The shareholders have also approved the purchase of raw materials valued at…
DetailsArcelorMittal Kriviy Rih intends to reconstruct one of its tailings – the “Obyedinennoye. Card 4”. The work will be carried out in order to provide for storing tailings by increasing the height of the encircling dams. The company operates three tailings, into two of which it is planned to invest around $50 million in 2020-2024.…
DetailsCentral Mining and Processing Works has repaired a mill of the technological section No. 8. The company has replaced drum armor, ladles, loader nozzles and the feeder body. Earlier CGOK repaired machinery at the crushing factory. (Ukrainian metal)
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