In August, Ukraine exported 787.4 thousand tons of semi-finished steel products, up by 43.1% YoY. In monetary terns exports grew by 22.9%, to $276.7 million. According to the customs statistics, in January-August exports reached 5.1 million tons valued at $1.83 billion, up by 4.7%, but down by 10.6% respectively. The main customers wee Italy (24.6%),…Details
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The Ferrexpo board of directors has announced the payment of additional special interim dividends in the amount of $0.066. The new dividends follow those announced in June (with the same amount) and in July (also $0.066), thus bringing the total to $0.198. The special interim dividends will be paid on October 8 in pounds sterling…Details
In August, Ukraine exported 247.9 thousand tons of pig iron valued at $70.3 million, up by 43.7% and by 29.1%. According to the customs statistics, in January-August, exports grew by 30.7%, to 2.05 million tons valued at $582 million, up by 14.6%. The main customers were USA (57.47%), China (22.87%) and Turkey (7.03%). (Ukrainian metal)Details
In January-August, Yuzhniy Mining and Processing Works increased iron ore concentrate output by 2.4% YoY, to 8.6 million tons. Sinter was not produced at all. In August, UGOK produced 1.16 million tons of concentrate, up by 10.9% YoY. (Ukrainian metal)Details
In January-August, Ukraine decreased ferrous metals export revenue by 18.3% YoY, to $5.1 billion. According to the customs statistics, in August Ukraine exported $633.9 million worth of ferrous metals, up by 2.5% MoM. The share of ferrous metals in the exports structure amounted to 16.7% as opposed to 19.1% in January-August 2019. Imports decreased by…Details
In July, Uzbekistan became the largest global gold seller. The country exported 11.6 tons of gold. Mongolia was next with 6.1 tons. Russia and Germany exported 0.5 tons each. Turkey bought the most gold – 19.4 tons, followed by Qatar (3.1 tons), India (2.8 tons), Kazakhstan (1.9 tons) and Ukraine (300 kg). (Ukrainian metal)Details
In January-August, Ukraine exported 30.712 million tons of iron ore raw materials, up by 12.9% YoY. According to the State Customs Service, revenue grew by 0.9%, to $2.522 billion. The main customers were China (34.4%), Poland (12.17%) and the Czech Republic (10.13%). (Ukrainian metal)Details
Interpipe notes a large drop in scrap procurement in Ukraine together with the growth of the bad quality scrap. “Scrap procurement in Ukraine has decreased because of the pandemic leading to a drop of steel output. There is some scrap shortage, but the losses are minimal”, Interpipe CFO Denis Morozov has said. According to him,…Details
In 2019, Kremenchuk Steel Works received net profit of 67.22 million UAH, down 3.1-fold YoY. Undistributed profit was 121.87 million UAH. The shareholders at a meeting intend to decide on the distribution of profit for 2018-2019 (in 2017 the loss amounted to 5.49 million UAH). Preliminary it is proposed to spend the net profit of…Details
In January-August, Ukraine procured 1.907 million tons of scrap, down by 13.9% YoY. Deliveries to metal companies dropped by 13.4%, to 1.796 million tons. Exports fell by 44.4%, to 20.6 thousand tons, while imports – by 714%, to 12.1 thousand tons. (Ukrainian metal)Details
Since the start of the season, the miners team Vitim has extracted 1596 kg of gold, down by 13% YoY. This year, the company intends to extract 2500 kg of gold. Last year output was 2819 kg. Vitim owns over 30 licenses and is operating in Irkutsk region. (Ukrainian metal)Details
Interpipe has increased pipe sales in the Near East countries. “We have victories at that market. We have made first deliveries to ADCO, UAE. It’s one of the largest Near East companies extracting gas and oil”, Interpipe CFO Denis Morozov has said. Moreover, the company also supplies pipes to Turkish Petroleum. “Recently, a new large…Details
In January-August, Druza LLC extracted 699.3 kg of gold at the Nevskoye ore deposit in Irkutsk region, down by 6.7% YoY. This year the company intends to mine 1100 kg of gold. Thus, the target has been met by 64%. Druza obtained the license to the deposit in 2003. The license is valid until 2029.…Details