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For 8 months, Ukrzaliznytsia and the government have been unable to decide on the scrap sales procedure. This affects both the operation of Ukrzaliznytsia and the country’s economy. “Amendments were made to an order of the Cabinet that regulated the process of Ukrzaliznytsia assets sales. And it became questionable who had to take decisions on…
DetailsThe interdepartmental committee on international trade has decided to prolong antidumping duties of 15.21% for five more years. The decision was taken on April 12 and came into effect on April 17. The antidumping investigation against imports of rebars and rolled wire from Russia was launched on February 23, 2023 at the initiative of ArcelorMittal…
DetailsIn January-March, Centravis Production Ukraine produced 3.2 thousand tons of pipes, up by 14% YoY. The company production director Andriy Krasyuk says Centravis has reached good manufacturing rates. “We are doing everything possible to keep up the tempo. Despite difficult situation in the country, we continue investing in new developments. Recently our team has participated…
DetailsAt night of April 24, unmanned aerial vehicles attacked NLMK in Russia, locals reported in social networks. There is no information about damage, but the net is full of videos of burning oxygen tanks. The governor of the Lipetsk region Igor Artamanov claimed that the drones fell on the territory of Lipetsk industrial zone and…
DetailsShareholders of Marganets Mining and Processing Works have replaced the supervisory board and changed its chairman. Thus, at the general meeting on April 12 held remotely, the shareholders suspended the office of Wolodymyr Hrytsenko (chairman), Mykhailo Radchenko, Maksym Kovtun, Serhiy Victorovskiy, Maya Chalkina, Heorhiy Trypilskiy and Ihor Yurchenko. Kovtun (as the representative of Fianex Holdings…
DetailsIn January-September 2023, Pokrovsk Mining and Processing Works increased net loss 4.8-fold YoY, to 235 million UAH. Net income decreased by 0.9%, to 1.06 billion UAH. Undistributed profit amounted to 1.11 billion UAH. (Ukrainian metal)
DetailsIn January-March, global steel output amounted to 469.06 million tons, up by 0.47% YoY. According to Worldsteel, China remains the global leader in steel production, having manufactured 256.55 million tons of steel, down by 1.9%. The share of China in global steel output is 54.7%. Ukraine retained its 23rd place among 71 producers by manufacturing…
DetailsThe Ministry of Economy has prepared drafts of President’s orders to carry out the decision of the National Security and Defence Council to withdraw corporate rights and immovable belonging to Russians. In particular, Ukraine will take 92.67% of the statutory capital in Energomashspetsstal. The shares belong to EMSS Holdings Limited (Cyprus), the beneficiary of which…
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