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British company Anglo-Asian Mining Plc, involved in gold, silver and copper mining in Azerbaijan, has discovered a new gold deposit. A new sub-vertical gold vein, “Hasan”, was discovered to the south of the main Gosha gold mine. Work continues on the new sub-vertical deposit discovered by surface drilling. Preliminary results from the fieldwork indicate that…
DetailsArcelorMittal Corporation has decided to suspend steel manufacture at ArcelorMittal Kriviy Rih. The plant will stop operation to provide safety to its employees and assets. “The process to shut down all the blast furnaces has begun. It will last for 7 to 10 days,” the group said. (Ukrainian metal)
DetailsDneprospetsstal, situated in Zaporozhye, has limited operation. “In order to provide technogenic safety, steel production has been suspended,” the company said. All the other shops are operating. Shift work has been adjusted to curfew. (Ukrainian metal)
DetailsMetinvest has decided to mothball the Avdiivka Coke and Chemical Works, having suspended operation in a number of shops. “Due to the Russian invasion and the absence of logistics, AKHZ is forced to mothball its second, third and fourth by-product coke shops, as well as the second chemical wing,” the group said. Some employees continue…
DetailsIn January-February, Ukraine procured 520.4 thousand tons of scrap, down by 18.5% YoY. The drop is due to the seasonal factor as well as export limitations. Exports in 2 months amounted to 7.1 thousand tons, down by 76.6%, while imports fell by 94.9%, to 0.1 thousand tons. Deliveries to metal companies decreased by 15.5%, to…
DetailsIn January-February, Yuzhniy Mining and Processing Works increased iron ore concentrate output by 19.2% YoY, to 2.39 million tons. In February, the company produced 1.15 million tons of concentrate, up by 18.7% YoY, but down by 7.2% MoM. In 2021, UGOK increased iron ore concentrate manufacture by 5.5% YoY, to 13.5 million tons. (Ukrainian metal)
DetailsIn January-February, Ukraine exported $2.04 billion worth of ferrous metals, up by 34.8% YoY. In February, exports grew by 32.5%, to $1.01 billion. The share of ferrous metal in the overall exports was 17.6% as opposed to 17.9%. Imports grew by 86.8%, to $230 million. (Ukrainian metal)
DetailsDue to the growing aggression of Russia, Zaporizhstal and Zaporozhkoks will be mothballed. At the same time, employees will not be fired. All the wages and social guarantees will be retained. (Ukrainian metal)
DetailsCentravis, one of the largest manufacturers of stainless steel pipes in Europe, has suspended operation till March 9. “At the same time, our sales offices in Houston (USA), Essen (Germany), Milan (Italy), Krakow (Poland) and Dubai (UAE) will remain open,” the company reported. In 2021, Centravis produced 19.45 thousand tons of pipes and intended to…
DetailsIn two days Interpipe has produced 96 Czech hedgehogs. They have already been supplied to construct fortifications. Together with the Victor Pinchuk Foundation, the company is buying protection gear for the army and the territorial defense squads. “When asked, we provide fuel, metal, pipes, concrete blocks, plates, nails, construction materials, etc.,” Interpipe noted. (Ukrainian metal)
DetailsUkrzaliznytsia was able to successfully carry out only one out of 11 scrap auctions, having received 5.948 million UAH from the sales. A customer purchased 926 tons of ferrous scrap. 10 auctions were not held. The enterprise failed to sell 2.1 thousand tons valued at 13.3 million UAH. (Ukrainian metal)
DetailsArcelorMittal Kriviy Rih has decreased its operation to the technical minimum resulting in the drop of manufacture of raw materials for blast furnaces. This complicates the operation of the largest blast furnace in Europe with the volume of 5034 cubic meters. Without raw materials, the blast furnace No. 9 will not operate. On February 28,…
DetailsMetinvest enterprises in Krivoy Rog, Kamenskoye, Zaporozhye and Pokrovsk are operating in normal mode. In particular, the Central and Ingulets Mining and Processing Works continue extracting iron ore. Kametstal is operating with metallurgical and by-product coke departments. Zaporizhstal is also working. Azovstal and Mariupol Ilyich Iron and Steel Works are being mothballed. No raw materials…
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