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In 2022, Interpipe Dneprovskiy Vtormet received 10.28 million UAH of net losses as opposed to a net profit of 14.23 million UAH in 2021. According to the information prepared for the annual shareholders’ meeting scheduled for April 27, undistributed profit last year amounted to 179.81 million UAH. In H1 2022, the company processed 87.7 thousand…
DetailsIn 2022, Druzhkovka Metal Wares Works decreased net profit by 69.1% YoY, to 33.832 million UAH. According to the information prepared for the annual shareholders meeting scheduled for April 25, undistributed profit amounted to 404.665 million UAH. The shareholders intend to distribute the 2022 profit and decide on paying dividends for 2022 in the amount…
DetailsIn 2022, according to the Ukrainian Center of Steel Construction, the metal structures market decreased by 55-65%. “In 2021, the market grew by 5%, to 155 thousand tons. According to our estimates, last year the drop in demand for construction metal structures was 55-65%. Because of the war, half of our members were forced to…
DetailsZaporizhstal has confirmed the correspondence of its cold- and hot-rolled metal to European standards. In particular, the works has received EN10025-1 certificates of the 305/2011 construction regulations and EN 10130 certificates. The recertification audit was carried out on February 21-22. Zaporizhstal has been working according to EN 10025-1: 2004 and EN 10130: 2006 standards since…
DetailsAnglo Asian Mining PLC, the AIM (Alternative Investment Market) listed gold, copper and silver producer, has upgraded its forecast on the production of precious metals in Azerbaijan for 2023, the company’s press service reports. “This year, we expect the production of precious metals at the level of 50,000-54,000 ounces in gold equivalent, as well as…
DetailsUzmetkombinat and Tropidia Holding B.V. have created Pro Farro LLC. Its main tasks are to process liquid slurry and metallurgical waste and produce construction materials for cement industry. The enterprise will be launched this year. Uzmetkombinat investments in the construction and equipment will amount to $3 million. Slurry processing will reach 100% and metal waste…
DetailsIn 2022, Centravis exports amounted to 11.6 thousand tons for EUR 125.8 million. Compared with 2021, exports decreased by 33% and by 9% respectively. Pipe output last year dropped by 38.3%, to 11.2 thousand tons. Pipes were delivered to 46 countries. (Ukrainian metal)
DetailsArcelorMittal Kryiviy Rih finished 2022 with a considerable net loss because of the war and the operation at 25% of capacities. At the same time, according to the CEO Mauro Longobardo, the company received a financial aid from ArcelorMittal of $600 million. This allowed paying salary to employees and continue operating despite difficulties with buying…
DetailsA court has arrested 6.8% of Dneprospetsstal shares belonging to Oksana Marchenko, wife to Victor Medvedchuk, via three offshore companies. According to the Security Service of Ukraine, the value of the shares exceeds 440 million UAH. The strategically important enterprise specializes in the manufacture of almost 1 thousand types of steel and metal wares. Russian…
DetailsIn February, Ukraine produced 424 thousand tons of steel, down by 72.7% YoY. At the same time, this is much better than in January, when 284 thousand tons were produced. Ukraine now occupies the 25th place in Worldsteel rating. In January-February, Ukraine produced 708 thousands tons of steel, down by 79.2% YoY. Following the results…
DetailsIn 2022, Interpipe paid 2.816 billion UAH of taxes to budgets of all levels, down by 5% YoY. The drop was mostly due to the decrease in output. In particular, payments to the state budget amounted to 1.74 billion UUA (-7%) and to local budgets – 623 million UAH (+1%). The company has also paid…
DetailsSteel manufacture at Metinvest plants is 60-65% loaded, while mining and processing companies are working with the 25-40% loading. “After a year of war we see stabilization at our foreign assets, in particular, in Italy, where manufacture has been resumed. We are reconstructing logistics and supply chains of our two plants in Italy and the…
DetailsUkrainian metal companies started increasing output after a considerable fall last year, but new challenges appeared. In particular, this concerns scrap supplies. It is expected that in the next few months the shortage will increase. For a couple of months now, scrap stocks at enterprises have not been exceeding 20-25 thousand tons, while in December…
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