In March, the salary fund of the Nikopol Ferroalloy Plant increased by 20% MoM, to 126.5 million UAH. Average salary will grow by 17.5% to 267.5%, to 18 thousand UAH. All the employees will have their wages increased by 17.5%, except for the CEO and the deputies – their salaries will grow by 15%. In…Details
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A government decree has been signed on imposing a temporary ban on export of scrap and waste of ferrous metals from Kyrgyzstan outside the customs territory of the Eurasian Economic Union, the press service of the Cabinet of Ministers reports. The export ban is imposed for a period of six months. It applies to scrap…Details
From May 1, Metinvest will increase salaries of its employees. In April, the group will finish the annual estimation of the personnel for the work in 2020. From April 1, new additional payment of 5% to 25% will be approved. In March, the average salary at Metinvest enterprises was 20.4 thousand UAH, up by 10%…Details
In 2020, Energomashspetsstal received a net loss of 1.4 billion UAH as opposed to a net profit of 866.4 million UAH in 2019. Uncovered losses amounted to 8.39 billion UAH (7.03 billion UAH). Assets grew slightly to 4.389 billion UAH, including accounts receivable – by 41.8%, to 508.14 million UAH. Current liabilities went up by…Details
This year, Zheltuginskaya Mining and Ore Company LLC, a part of Kurilgeo LLC, will invest 2.251 billion rubles in the development of the Klyuchevskoye gold deposit tailings in Zabaikalye region. Capital expenditures will amount to 2.111 billion rubles, with the rest to be spent on operational and financial activities. The company has started carrying out…Details
Severniy Mining and Processing Works will spend over 3 billion UAH to construct a complex to thicken processing waste. The complex will decrease expenses and environment impact by lowering energy consumption and water usage. The complex, the second of its kind in Ukraine, will be designed by Engineering Doberse, Germany. The first complex is used…Details
Secretaría de Economía of Mexico has prolonged the antidumping duties on the import of carbon steel hot-rolled sheets originating from Ukraine and Russia for 5 years. The duty was set on March 28, 2000 in the amount of 30.31% for Russia and 46.66% for Ukraine. On March 17, 2006 the duty was prolonged for the…Details
UnisTrade has been registered as a resident of the Grodnoinvest free economic zone. The company intends to produce metal structures. The commission of the first stage of the manufacture is scheduled for late 2022. Investments in the project will exceed EUR 3 million. UnisTrade is one of the largest metal wares manufacturers in Belarus. (Ukrainian…Details
In 2020, Pobuzhye Ferronickel Plant increased ore processing by 3.1% YoY, to 13.96 million tons. This equals 73.7 thousand tons of ferronickel, down by 1%, or 14.7 thousand tons of nickel, up by 3.7%. Profits amounted to 3.4 million UAH. PFK paid 125.4 million UAH of taxes, up by 19%. This year the company plans…Details
Interpipe has announced the launch of a new project “Business-partnership with Interpipe” for the suppliers of materials, equipment and services. The participants who will have the best ideas on the modernization and optimization of processes at Interpipe’s enterprises will be able to conclude a contract and carry out their project. Interpipe is cooperating with over…Details
The Far Eastern District Department on Subsoil Use (Dalnedra) has announced three auctions to prospect for gold in the Republic of Buryatia, Primorye region and Chukotka Autonomous District. Work at each site must be carried in three stages until the end of 2023. The combined cost of the auctions is 853.05 million rubles. The first…Details
In 2020, Dneprospetsstal received a net loss of 887.843 million UAH as opposed to a net profit of 78.131 million UAH in 2019. Uncovered losses amounted to 2.857 billion UAH. Current liabilities grew 2.2-fold, to 5.05 billion UAH, while fixed liabilities dropped by 66.4%, to 1.26 billion UAH. Accounts receivable decreased by 10%, to 927.061…Details
In January-February, the world steel output amounted to 314.99 million tons, up by 6.64% YoY. According to Worldsteel, China is the traditional leader with 174.99 million tons produced, up by 12.9%. China’s share in the world output is 55.6%. Ukraine decreased steel manufacture by 1.1%, to 3.51 million tons, securing the 12th place among 62…Details