Metinvest has announced a buy back of its Eurobonds with maturity on April 23, 2023 valued at $70 million for 70% to 80% of their nominal price. The group highlights that it intends to service its debt, but the ongoing war and unstable prices for Metinvest products create unprecedented problems for its operation. At present…Details
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In January-September, Interpipe Novomoskovsk Pipe Works received a net loss of 465.825 million UAH as opposed to a net profit of 248.25 million UAH in 9 months of 2021. Net income dropped by 67.7%, to 904.07 million UAH. Undistributed profit amounted to 98.684 million UAH. (Ukrainian metal)Details
In October, Ukrzaliznytsia transported 1.426 million tons of iron and manganese ore, down by 24.6% MoM and by 77.9% YoY. Export transportation grew by 0.7% MoM, to 971.8 thousand tons, accounting for 68%. Domestic transportation accounted for 32%, with 454 thousand tons transported, down by 13.6%. In particular, PGOK shipped 365 thousand tons, up by…Details
DTEK Energo will additionally supply 20 thousand tons of coal to state power plants. “In addition to 100 thousand tons of coal supplied previously, we will provide 20 thousand tons. 10 thousand tons have already been shipped, and 10 thousand more are being shipped at the moment,” the company said. On September 15, DTEK Energo…Details
Metinvest has reported emergency halts of its enterprises on November 21-27. Then Russian troops again shelled Ukrainian power plants and electricity supply system resulting in the power outage across the country. “Metinvest together with all other industrial enterprises operating in Ukraine have suffered, as for the first time since the launch of the full-scale invasion,…Details
Metinvest enterprises in Kriviy Rih have supplied 300 stoves to the military. The production began after the Russian full-scale invasion and became more active in October. “While the Armed Forces fight back the aggressor, we cover their backs. Despite all the difficulties that have arisen during this war, Metinvest enterprises remain a support for Ukraine.…Details
Following the Russian terrorist missile attacks on the Ukrainian energy infrastructure, Centravis Production Ukraine had to suspend operation for a while due to the power outage. According to the company CSO Artem Atanasov, at present Centravis continues operating. “On the day of the attack, we were temporarily cut off grid. Now the supply of electricity…Details
Severniy Mining and Processing Works has repaired machinery of the ore-processing factory No. 1. In particular, machinery of the concentrate warehouse and the separation site has been repaired. Moreover, SevGOK has repaired the conveyor transport. The company specialists have replaced over 800 meters of transport belt. (Ukrainian metal)Details
ArcelortMittal Kriviy Rih is making 20-25% of products it can manufacture. According to the company CEO Mauro Longobardo, the operation was affected by logistics problems. AMKR used to produce 6 million tons of steel, of which 80% were exported via Odesa and Mykolaiv ports. Railroad transportation costs increased 5-fold. “Thus, we are unable to regain…Details
In January-October, Georgia’s trade turnover with Turkey totaled $2.3 billion. Exports grew by 45.5% YoY, to $379.18 million, and imports – by 35%, to $1.92 billion. Semi-finished products of pig iron and unalloyed steel occupied the fifth place in exports, totaling 26582 tons, down by 29.6%. In value terms, semis exports decreased by 14.3%, to…Details
In October, Ukraine produced 318 thousand tons of steel, down by 80.1% YoY. Thus, the country fell to the 31st in the Worldsteel rating of steel manufacturers. In September, Ukraine produced 340 thousand tons, in August – 366 thousand tons, in July – 281 thousand tons, in June – 295 thousand tons, in May –…Details
In January-September, Metinvest enterprises decreased steel output by 62% YoY, to 2.668 million tons. Pig iron manufacture dropped by 65%, to 2.473 million tons. Metinvest produced 882 thousand tons of semi-finished products, down by 64%, due to the considerable drop in liquid pig iron manufacture. This was partially compensated for by the consolidation of billets…Details