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In 2022, Poland decreased steel consumption by 12% YoY, to 13.3 million tons. “For many years the country has been demonstrating growth in steel manufacture and consumption, while the other EU countries have been experiencing a drop. Now we join this decrease. Steel manufacture last year dropped by 14% and consumption by 12%,” said Miroslaw…
DetailsIn 2022, Dneprospetsstal increased its net loss 4.1-fold YoY, to 1.901 billion UAH. According to the information prepared for the shareholders meeting scheduled for May 31, uncovered losses of the company last year amounted to 4.91 billion UAH. The meeting is expected to sum up the results of operation n 2021 and 2022, approve annual…
DetailsPrices of steel rebars have again decreased because of weak demand. Some plants have even suspended manufacture. This week, offers totaled 3300 zloty ($785) per ton CPT for a 12mm rebar as opposed to 3350 zloty a week before. But for batches from 1000 tons, manufacturers were prepared to offer lower prices – 3200 zloty…
DetailsOn April 21, following an auction, the state enterprise Dobropolyeugol-extraction concluded an agreement with Spetstrade Ltd on the purchase of mine props for the Dobropolskaya and Novodonetskaya mines for 26 million UAH. This year, the company has to supply 250 tons of mine sections with the length of 11 to 12 meters made of St-5PS…
DetailsIn January-March, Kazzinc decreased zinc output from own resources by 5% YoY, to 34.3 thousand tons. The group produced 24.9 thousand tons of zinc metal and 9.4 thousand tons of zinc concentrate. Taking into account the third party raw materials, zinc manufacture dropped by 11%, to 63.5 thousand tons. Manufacture of lead from own resources…
DetailsThe government of Kazakhstan has prolonged the prohibition to export ferrous and non-ferrous metals scrap. The export is prohibited by all transport means. The ban was imposed to increase scrap deliveries to domestic metal companies, as well as to fight the illegal trade in scrap. (Ukrainian metal)
DetailsA court has arrested the shares of Oksana Marchenko, the wife of the traitor Victor Medvedchuk, in Zaporozhye Ferro Alloys Works valued at over 1 billion UAH. The court decision concerns 13.7% of the company shares, that the wife of Medvedchuk owns via 4 offshore companies. ZZF is the only producer of metallic manganese in…
DetailsUntil 2030, Ferrexpo intends to decrease carbon emissions by 50% in the first and second categories per ton of iron ore produced compared with 2019. So far, the company has decreased emissions by 30%. The first and second categories of emission concern mostly the usage of diesel fuel, electricity and natural gas. These categories accounted…
DetailsMetinvest B.V. has announced a final payment on bonds with maturity in 2023 in time and in full. “The clearing of 2023 bonds is a considerable achievement during the war and an important event for corporate issuers connected with Ukraine. Despite complex conditions, the group has demonstrated the stability of its obligations to bond holders.…
DetailsThe collaborators in the temporarily occupied Mariupol have confirmed that they are unable to launch the Mariupol Ilyich Iron and Steel Works. “Not now. Not anytime soon. Mykola Reshinskiy, one of the managers-traitors who heads the personnel department at the works says that they need 2900 people to remove rubble and 300 more for protection,”…
DetailsSeverniy Mining and Processing Works continues modernization of its machinery to improve product quality and decrease energy consumption. Thus, a roller screen has been installed at the LURGI 552B machine in the pellets shop No. 2. The B machine will be commissioned in May, when the A machine will be shut down for a scheduled…
DetailsIn March, Ukraine exported 38.59 thousand tons of pipes, up by 18% MoM. According to the State Customs Service, revenue grew by 12.6%, to $69.21 million. Compared with March 2022, revenue went up 4-fold. In Q1, exports totaled 92.07 thousand tons valued at $172.33 million, up by 11.8%. The main customers were Germany, USA, Italy…
DetailsUkraine will retain the prohibition of the power-generating coal exports to cover national interests. “This is a very complex issue. Undoubtedly, business is interested in exports. But the decision to ban exports guaranteed the supply of energy resources to the domestic market,” the energy minister German Galuschenko has said. This autumn-winter season Ukraine survived without…
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