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On the night of February 24, the second anniversary of the Russian large-scale invasion, Ukraine applied special sanctions on the largest Russian metal plant – NLMK. NLMK produces around 18% of all steel in Russia and is the key asset in the NLMK Group of one of the wealthiest people in Russia – Vladimir Lisin.…
DetailsThe state-owned Oschadbank has put up for sale rights to demand monetary compensation from Motronivskiy Mining and Processing Works LLC, a part of Group DF. The auction will be held on March 13 in the OpenMarket system. The starting price is 612.6 million UAH (without VAT). The works is being constructed. At the first stage,…
DetailsIn January, global pig iron output amounted to 112.33 million tons, up by 0.14% YoY. Ukraine produced 0.56 million tons, up by 44.49%, thus retaining the 16th place among 40 countries. China was the leader with 67.29 million tons produced, down by 3.07%. The share of China in global pig iron output was 59.9%. (Ukrainian…
DetailsIn January, global steel output amounted to 148.11 million tons, down by 1.6% YoY. Ukraine produced 0.54 million tons, up by 91.62%, thus retaining the 23rd place among 71 countries. China was the leader with 77.24 million tons produced, down by 6.93%. The share of China in global steel output was 52.2%. (Ukrainian metal)
DetailsArcelorMittal has commissioned a line to produce heat-strengthened rails with the length of 120 meters at the Dabrowa Gornica plant. The new products comply with the European and American standards. ArcelorMittal has been mulling the construction of such a line in Poland since 2012. Officially it started in 2018. In 2022, the company signed a…
DetailsAs of February 20, the Romanian authorities were not informed about the ruling expected from the World Bank’s ICSID arbitration court on the Rosia Montana gold mining project dispute with Gabriel Resources, according to a response issued by the executive. The updated value of the compensations claimed by the investor is $6.7 billion, the executive…
DetailsIn February, Sukha Balka started commissioning two new blocks at the Yuvileyna mine. This will provide miners with half a year of work. The reserves of the two blocks, situated at the depth of 1420 meters, amount to 332 thousand tons of ore. Development of the blocks will begin next week. (Ukrainian metal)
DetailsUkraine started increasing steel output and in January it grew almost 2-fold. But further growth is hampered not only by logistics, but also by the scrap shortage, that Ukrzaliznytsia could cover. This year, scrap procurement is expected to decrease due to the mined territories and mobilization. State monopolies, which constantly write off outdated equipment, could…
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