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Ferrexpo will pay interim dividends for 2023 in the amount of $0.033 per share. The group showed good results in H2 2023, thus allowing the board of directors planning dividend payment. The group has also approved increasing salaries to its Ukrainian employees, as well as prolongation of expenses within its humanitarian fund. The dividends will…
DetailsIn 2023, Ukraine decreased ferrous metals exports revenue by 41.59% YoY, to $2.647 billion. According to the State Customs Service, ferrous metals accounted for 7% of the exports, down from 10.26% in 2022. In December 2023, revenue grew to $214.531 million from $174.38 million in November 2023. At the same time, ferrous metals imports in…
DetailsIn 2023, Ukrainian metal plants produced 5.37 million tons of rolled metal, up by 0.4% YoY, of which around 2.99 million tons were exported, or 55.6%. In 2022, the share of exports was 81.7% – 4.37 million tons exported of 5.35 million tons produced. The share of semi-finished steel products in exports amounted to 40.3%,…
DetailsIn 2023, Metinvest Group enterprises paid 14.6 billion UAH of taxes to the budgets of all levels. The unified social payment amounted to 3.3 billion UAH, profit tax – 3.2 billion UAH and personnel income tax – more than 3 billion UAH. Payment for the land rent increased by 10%, to 1.2 billion UAH, and…
DetailsAt the extraordinary shareholders’ meeting scheduled to be held remotely on January 22, Donetskkoks intends to appoint a new liquidator. The current liquidator Mikhail Vergun is expected to be fired. Instead, Konstantin Teneta will be suggested to be appointed. The company is situated in the temporarily occupied territory. (Ukrainian metal)
DetailsShareholders of Yuzhkoks have made amendments to the management structure of the company. The decisions were taken at the extraordinary meeting held remotely on January 9. The shareholders liquidated the supervisory board of the company and ended the office of Vitaliy Litovka as the CEO. Sergey Rump and Yevgeniy Shelekhov have been elected to the…
DetailsMinerfin, owning 51.16977% of shares of the temporarily occupied Zaporozhye Iron Ore Complex, suggests replacing chairman of the board. As of Q1 2023, KSK Consulting, a.s. owned 19.0632% and Zaporizhstal – 29.5193%. Instead of the chairman of the board and CEO Dmitriy Kolesnikov, Minerfin suggests appointing technical director Andrei Karnaukh instead. The decision will be…
DetailsOn January 29, Zaporizhstal will hold a remote shareholders meeting. Last year, Zaporizhstal increased rolled metal manufacture by 57.2% YoY, to 2.054 million tons. Steel output grew by 65.4%, to 2.466 million tons, and pig iron – by 35.3%, to 2.718 million tons. In 2023, the company operated at 70% of its capacities. (Ukrainian metal)
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