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ArcelorMittal Kryviy Rih has apparently started selling off its assets. Thus, there are talks of the company selling two of its corporate recreation centers – Volna and Mariyanovka. Moreover, until the end of the year AMKR will sell one of its profitless mine to Rudomine, that has already revived its quarry. (Ukrainian metal)
DetailsRussian occupiers intend to construct an analogue of the Mariupol Ilyich Iron and Steel Works until 2030. “We plan to build a metal plant in Mariupol – from scratch. It will produce metal and steel. This will be an analogue, so to say, of the Ilyich Iron and Steel Works. We are now signing investment…
DetailsIn January-March, Kametstal decreased metallurgical coke manufacture by 35% YoY, to 68 thousand tons. In Q4 2023, output amounted to 79 thousand tons. The decrease is due to the shut down of some coke units of the coke-oven battery No. 1. Zaporizhkoks increased coke output by 1%, to 215 thousand tons. At the same time,…
DetailsIn 2023, Interpipe loading did not exceed 70%. Net revenue amounted to $252.49 million, up from $204.44 million in 2022. Overall revenue grew by 0.7%, to $988.7 million. Steel and pipes manufacture totaled 680 thousand and 395 thousand tons, up by 14.3% and 0.5% YoY respectively, and railroad products – 100 thousand tons. (Ukrainian metal)
DetailsSukha Balka has prepared and commissioned a new ore block at the Yuvileyna mine. “On May 8, the miners made the first explosion at the block 34-36 at the depth of 1420 meters,” the enterprise noted. Ore reserves in the block are estimated at 244 thousand tons. (Ukrainian metal)
DetailsThe State Investigation Bureau has finished the pre-trial investigation of the embezzlement of almost 400 million UAH of budget means by officials of the Poltava Mining and Processing Works. In 2019-2021, the management of the plant illegally used minerals of the state significance. Without the special license to use subsoil, they illegally sold minerals for…
DetailsUzbekistan put into operation the Enpipe enterprise in the Karakul free economic zone (Bukhara region). According to the Uzbek president’s office, the project worth $58 million was implemented entirely at the expense of foreign investments. At the same time, the enterprise employs more than 400 people. Modern equipment from China, Turkiye, the Netherlands and Spain…
DetailsOn June 3, the president of Uzbekistan signed a decree to cancel the exclusive rights previously provided to certain enterprises. This is a part of obligations to the World Trade Organization. From next year Uzmetkombinat JSC will not have an exclusive right to purchase ferrous metals scrap and waste within the country, while Uzvtorzvetmet JSC…
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