Shareholders of Stalkanat (Odesa) have again discussed the issue of spending 65.728 million UAH to pay dividends and supported it. 0.63 UAH per share will be paid from the undistributed profit for January-June. The issue was discussed at the extraordinary meeting on September 5. The dividends will be paid from September 23, 2022 till February…Details
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In January-July, Kazakhstan produced 66.4 million tons of coal, up by 5.8% YoY. Energy-generating coal accounted for 9.3 million tons, coking coal – 4.5 million tons, lignite – 2.6 million tons and coal concentrate – 2.3 million tons. Pavlodar region yielded the most coal – 39 million tons, up by 5%, followed by Karaganda region…Details
Yenakiyevo Iron and Steel Works, situated in the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, has launched a mill-550 in the rolling shop. The mill is used to roll shaped sections made of continuous-cast billet. According to the occupation authorities, the EMZ capacities are now fully used. This is expected…Details
Metinvest B.V. has confirmed the fulfillment of its debt obligations even under the martial law. Thus, on September 1, the group made the last payment on the Eurobonds with the maturity in 2027. In this the group benefits from considerable diversification of its assets both from the view of product portfolio (iron ore concentrate, rolled…Details
Kazakh President Kassym-Jomart Tokayev and ArcelorMittal Chairman and CEO Lakshmi Mittal held a meeting. The meeting focused on the issues related to the provision of safety conditions at plants, fair salaries for local residents, fulfillment of social obligations and upgrading the company’s logistics base. The President drew attention to the issue of meeting the demands…Details
Centravis has reported some details about its current situation considering the ongoing war. In September, the company hot and cold shops will operate in two shifts. The logistics team is looking for the best and safest ways to deliver products to customers, while the sales team is working with clients developing the current cooperation and…Details
In January-August, Zaporozhkoks, one of the largest manufacturers of by-product coke chemistry, decreased blast furnace coke production by 19.3% YoY, to 466.7 thousand tons. In August, output totaled 70.5 thousand tons, in July – 69.9 thousand tons, in June – 68.39 thousand tons, in May – 67.97 thousand tons, in April – 52.66 thousand tons,…Details
In January-July, Kametstal decreased metallurgical coke output by 32% YoY, to 227.3 thousand tons. In July, the company produced 25.8 thousand tons of metallurgical coke. Bulk 6% moisture coke manufacture in 7 months totaled 263.1 thousand tons, including 30 thousand tons in July. In January-July, Kametstal produced 366 thousand tons of coke, including 48 thousand…Details
Russian troops have flooded a lot of mines in Lugansk region, so it is impossible to restore the industry in the previous volume, Lugansk region military administration head Sergey Gayday has said. “The occupiers have flooded the mines and sent men to war. Many have already been killed. Many have been maimed. We will not…Details
Metinvest will resume investing in new Ukrainian assets only after the war. “Ukraine has to win decisively for the investments to be resumed,” the group CEO Yuri Ryzhenkov has said. During the war, the group is revising its strategy, but the goal remains unchanged – to become one of the key players on the European…Details
In August, Zaporizhstal produced 74.7 thousand tons of rolled metal, down by 73.4% YoY. Pig iron manufacture dropped by 63.6%, to 145.6 thousand tons, and steel – by 72.2%, to 94.4 thousand tons. In January-August, Zaporizhstal output decreased by 55.2% YoY, to 3.51 million tons. In particular, the company produced 1.42 million tons of pig…Details
Metinvest has provided the Security Service special corps “A” with aid valued at 30 million UAH. The Alpha Team performs tasks in the hottest spots on the frontline. “The men from the A Center have asked us for help. Taking into account the difficulty of tasks they performed in the rear, Metinvest promised to help.…Details
In August, Ukrzaliznytsia decreased iron and manganese ore transportation by 6.8% MoM, to 1.89 million tons. Compared with August 2021, transportation dropped 3.4-fold. In January-August, Ukrzaliznytsia transported around 20 million tons of iron ore raw materials. (Ukrainian metal)Details