On February 25, employees of ArcelorMittal Kriviy Rih will receive their wages for February in full. “Together with our employees we are doing everything possible to keep our plant, which is feeding the entire city. None knows what tomorrow brings, so we want our employees to be prepared to any developments”, AMKR CEO Mauro Longobardo…Details
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Interpipe has announced a preterm payment of the second advance for February to all employees. The first advance was paid on February 21. “With the early payment we want to support our employees in this difficult time. I’m sure that the Ukrainian Army and the government are doing everything possible to protect the country. The…Details
Ferrexpo will pay 1 billion UAH of profit tax to the state budget and budgets of all levels in advance. “In this difficult time for Ukraine business cannot stand aside. We need to unite and help the country as best we can. That is why Ferrexpo decided to support the initiative of its main shareholder…Details
Azovstal has added two new products to its portfolio. They are rolled sheets made of previously not produced steel grades. In particular, in several months the company has developed a new technique and started producing rolled sheets of L290NE/X42NE PSL2 grade ordered by Serbia. 8 thousand tons have already been shipped. Moreover, Azovstal started producing…Details
In 5 years, Zaporizhstal has modernized 8 locomotives having invested around 100 million UAH. In particular, 6 TGM4 and TEM2 locomotives have been repaired in partnership with locomotive-repair enterprises. Two more were repaired by the company itself. This allowed saving up to 15%. Repaired machines allow decreasing fuel expenses by 12% and motor oil by…Details
In 2021, Energomashspetsstal decreased sales by 17.1% YoY, to 2.754 billion UAH. The company sold 18.06 thousand tons of various products, with the most part exported. 70 companies from 17 countries were its customers. The order portfolio for this year has already been formed. The main part will be the export of billets for the…Details
In 2021, Ukraine increased exports of ferrous metals by 81.4% YoY, to $13.95 billion. According to the State Statistics Service, ferrous metals accounted for 20.5% of all export revenue last year. Export of ferrous metal wares, including pipes, metal structures, wire, etc., grew by 47.3%, to $1.29 billion (1.9% of all exports). At the same…Details
In January, Interpipe increased steel manufacture by 69.8% YoY, to 93 thousand tons. Railroad products output dropped by 14%, to 13.8 thousand tons, while that of pipes grew by 29.5%, to 52.7 thousand tons. Europe accounted for 45% of sales, Ukraine for 31%, CIS for 16%, MENA for 6% and Americas for 2%. The main…Details
Azovstal is modernizing steel ladles in the converter shop. 2 ladles valued at 4.6 million UAH each were delivered in early February. One of the ladles has already been commissioned, while another is being prepared to be put into operation. Three more will be replaced during the year. Azovstal uses 18 ladles. (Ukrainian metal)Details
Sukhaya Balka reports a new purchase of machinery under an investment program to modernize mining and improve its safety and efficiency. The enterprise has purchased an Epiroc Boomer T1D drilling machine and a Derui mine excavator. Investments exceeded 20 million UAH. (Ukrainian metal)Details
In January, Zaporozhye Iron Ore Complex extracted 262.7 thousand tons of ore with the iron content of 60.86%, up by 0.1% from the target. The enterprise sold 288.8 thousand tons, up by 4.1%. 1,877 meters of rock has been excavated (+1.3%) and 38,732 meters of wells has been bored (-8.3%). (Ukrainian metal)Details
In 2021, Kyrgyzstan exported 3,838.6 kg of silver valued at $3.4 million tons, down by 8.3 tons YoY. In 2020, exports totaled 12.12 tons for $7.5 million. In January-May 2021, only Switzerland purchased silver, in summer there were no sales, in September Russia bought 45 kg, in October 25.6 kg was exported and in November…Details
The Ministry of Economy has allowed the Ukrainian Metallurgical Plant Design Institute to conclude an agreement to design the construction of a forging and banding complex in Ekibastuz, Kazakhstan for $840 thousand. The design was ordered by Astana Kala Kurylys. The cost of the work was more than 10% Ukrgipromez assets value, so the enterprise…Details