The Ukrzaliznytsia’s metal scrap auctions scheduled for February 23 are under threat through the fault of the company itself. According to a source, the company has placed lots with initial price a third higher than the market price. “This means, there would be no buyers, they will simply not accept such conditions,” the source said.…Details
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At present Energomashspetsstal has enough orders for the year. One of the main orders is the production of bulk billets for maritime energy system. The company will also continue producing billets for nuclear power plants under construction in India, Turkey and China. EMSS intends to supply its products for the El-Dabaa NPP in Egypt. In…Details
This year, Kamchatka intends to extract 135 kg of alluvial gold, up 3-fold YoY. 7 companies will operate at alluvial sites: the Vector Plus Mining Team LLC, Taigonos Group of Companies LLC, Aurum LLC, Vostoc LLC, RBK-Gold LLC, Kamchatnedra LLC and Dalstroy LLC. The same companies operated last year. The reason of the increase in…Details
Shareholders of the Yuzhniy Mining and Processing Works intend to spend a part of the net profit for 2019 in the amount of 8.434 billion UAH to pay dividends (5.3 UAH per ordinary share). The issue will be discussed at the extraordinary meeting scheduled for March 5. The shareholders will also determine the net profit…Details
In 2020, Ferrexpo increased premium pellets output with the iron content of over 67% to more than 300 thousand tons. Ferrexpo was the first company in Ukraine to start supplying premium or DR-pellets. All the premium pellets last year were shipped to the Ferrexpo plant in Texas, USA. Overall pellets output grew by 7%, to…Details
In 2020, Severniy Mining and Processing Works decreased iron ore pellets output by 32.6% YoY, to 5.28 million tons. Concentrate manufacture grew by 4%, to 12.74 million tons. In 2019, SevGOK decreased pellets output by 7.2%, to 7.849 million tons, while increasing that of concentrate by 14.9%, to 12.245 million tons. (Ukrainian metal)Details
In 2020, Central Mining and Processing Works decreased iron ore pellets output by 5.4% YoY, to 2.27 million tons. Iron ore concentrate manufacture grew by 10%, to 4.904 million tons. In 2019, CGOK increased pellets output by 4.3%, to 2.402 million tons, and concentrate by 0.5%, to 4.436 million tons. (Ukrainian metal)Details
The employees of Stakhanov Ferroalloy Plant, situated in the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia, refused to ship products and unload raw materials. Last week saw a similar strike, but the employees believed the management that it would clear salary debts for October 2020. In the end, the workers…Details
In 2020, Kazakhstan increased refined copper export prices by 43% YoY. Output grew by 1%. Copper ore mining went up by 1.8%, to 121.9 million tons. The East Kazakhstan region yielded 52 million tons, Karaganda – 34.1 million tons and Pavlodar – 33.6 million tons. Kazakhmys exceeded its ore output plan by 0.8%, to 29.4…Details
In 2020, Metinvest increased its net profit by 54% YoY, to $526 million. Revenue decreased by 3%, to $10.453 billion, while EBIDTA grew by 82%, to $2.204 billion. Debts fell by 3%, to $2.938 billion, with net debt down by 23%, to $2.111 billion. Capital investments went down by 37%, to $663 million. (Ukrainian metal)Details
PJSC ArcelorMittal Kryvyi Rih, following the results of its activities in 2020, slightly reduced sales of products in Ukraine due to the coronavirus pandemic. According to an interview of the director of the sales department in Ukraine and the CIS, Yevhen Chumachenko, published in the Metalurg corporate publication, according to preliminary estimates, last year the…Details
Ukraine and Algeria have significant potential for increasing cooperation in the metallurgical sector. According to the press service of the Embassy of Ukraine in Algeria, this was discussed during a meeting between Ambassador Maksym Subkh and Chief Executive Officer of Algeria’s IMETAL Group Tarik Bouslama. “During the meeting, the attention of the Algerian side was,…Details
In 2012-2020, Metinvest spent 15.35 billion UAH on the ecological modernization of its Mariupol Ilyich and Azovstal Iron and Steel Works. More than 40 large-scale projects have been carried out over the years. Thus, Azovstal decommissioned sintering shop, coke-oven batteries Nos. 5, 6 and 7 as well as blast furnaces Nos. 5 and 6, while…Details