Interpipe is forced to leave the US pipes market with the introduction of new limitations on exports. In the past several months, USA has announced a new 23.75% duty on Ukrainian linear pipes and an intention to slap a 30.19% duty on OCTG pipes in addition to the 25% customs duty already in force. Thus,…Details
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In January-July, ArcelorMittal Kriviy Rih increased pig iron output by 11% YoY, to 3.28 million tons. Rolled metal manufacture decreased by 2%, to 2.7 million tons, while that of steel grew by 2.5%, to 2.9 million tons. In July, AMKR produced 400 thousand tons of rolled metal, 450 thousand tons of steel and 500 thousand…Details
The contribution of the mining and metal complex to the currency income from exports in January-June grew from 25.3% to 33%. According to the State Statistics Service, export revenue totaled $10 billion. In H1, ferrous metals export revenue grew by 57.5%, to $6.14 billion, and iron ore – 2.1-fold, to $3.91 billion. (Ukrainian metal)Details
In January-June, Pobuzhye Ferronickel Plant decreased ore processing by 13.6% YoY, to 666.3 thousand tons. This corresponds to the production of 32.3 thousand tons of ferronickel (-25.6%) or 7.4 thousand tons of nickel (-9.4%). EBITDA amounted to 0.2 million UAH. The company paid 1.1 million UAH of profit tax. Average salary was 12.998 UAH, up…Details
In January-July, Ferrexpo increased railroad deliveries to Europe by 81.3% YoY, to 2.3 million tons. Deliveries to ports dropped by 21.3%, to 4.4 million tons. In particular, in 7 months the Zolotnishino station shipped 6.7 million tons of iron ore, down by 2.8%, Batyevo – 544.1 thousand tons, up by 32.7%, Izmail – 668.8 thousand…Details
In July, Kazakhstan produced 444,801 tons of raw steel, up by 26.1% YoY. In January-July, output grew by 19.4%, to 2.596 million tons. Flat rolled metal manufacture increased by 13.5%, to 285,869 tons, with 1.702 million tons produced in 7 months, up by 20.2%. Ferroalloys production totaled 168,469 tons in July, down by 8.8%,…Details
The State Expertise Service of Russia has approved the design documentation for the project to develop the Murtykty deposit in the Republic of Bashkortostan. The deposit was discovered in 1980. It is one of the largest gold deposits in the whole South Urals. Bashkirskaya Gold-mining Company has been the owner of the license to develop…Details
In January-July, Ukraine decreased exports of iron ore raw materials by 3.5% YoY, to 26.079 million tons, valued $4.695 billion, up 2.15-fold. According to the State Customs Service, the main customers were China (45.8% in monetary terms), the Czech Republic (9.47%) and Austria (8.09%). In 7 months, Ukraine imported 1.134 thousand tons of iron ore…Details
In January-July, Interpipe Steel increased steel output by 19.9% YoY, to 537 thousand tons. In July, the company produced 79 thousand tons of steel and in June – 90.5 thousand tons. Last year, output grew by 11.2%, to 758.7 thousand tons. (Ukrainian metal)Details
Goldregion LLC began alluvial season in early June and had so far extracted 45 kg of gold in Amur region. This year, the company operates at its two sites of the Malaya Gelenku deposit. The goal for the year is 80 kg of gold. Thus, the plan has been 56% completed. Last year, the company…Details
In January-June, ArcelorMittal Kriviy Rih increased output by 7% YoY. The beginning of the year was complicated because of the growth of prices for cargo transportation and raw materials. Because of the increase in import duties, AMKR has reoriented its sales from Egypt, UAE and Saudi Arabia to Latin America and China. This year, the…Details
Until the end of November, Azovstal intends to complete capital repair of air heaters No. 11 BIS of the blast furnace No. 3 and No. 12 BIS of the blast furnace No. 4. Investments in the project amounted to 140 million UAH. Thanks to repairs, the temperature in the furnace will be increased to 1200…Details