ArcelorMittal Kriviy Rih could become another Russia’s target. According to the company CEO Mauro Longobardo, Russian marauding troops are 60 km away. “We don’t know what could happen today or tomorrow. But we all hope that the Ukrainian Army will wipe them out. But we have to be realists – the plant could be hit…Details
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Russia claims that with the help of its Kaliber missiles it has destroyed a large batch of Western weapons stored on the territory of Zaporozhye Aluminum Works. This is another Russia’s lie. Missiles destroyed old premises of non-operating shops with some rusty machinery. One employee perished. That’s how the super power wages war – shelling…Details
Almost all the Metinvest-SMC servicing metal centers have resumed operation after a forced delay. In particular, the center in Lviv with the size of 5 thousand square meters, that opened a month before the war, found itself in the middle of hectic sales. “The center has increased sales to local customers, as well as clients…Details
DTEK intends in short-term to start exporting coal to Europe. “In the short-term we could replace Russian coal. We could become a supplier. For example, Poland has already dumped Russian coal, thus enabling us to make small deliveries to Poland and Slovakia,” the company CEO Maksim Timchenko said. DTEK is also mulling control over the…Details
Kazatomprom chairman Mazhit Sharipov has visited uranium-extracting enterprises in Kyzylorda and Turkestan regions. Following his visit, Sharipov ordered to improve working condition and meet manufacturing targets. Kazatomprom is the largest uranium manufacturer in the world with the share of 24% in 2021. The group develops 26 deposits united under 14 enterprises. (Ukrainian metal)Details
The Ukrainian Association of Secondary Metals (UAVtormet) considers it impossible during the martial law to turn tank armor into plates for bulletproof vests. The chemical composition of the armored steel of tanks and steel used to make vests is similar, but the multi-component steel manufacture is an obstacle. “To produce bulletproof plates it is necessary…Details
The Ingulets Mining and Processing Works has started repairing the drum of the wet magnetic separation mill No. 11 at the ore-processing factory No. 2. The repair will improve the efficiency of the mill and provide for its faultless operation. InGOK, as other Metinvest GOKs, is operating at 30-40% of its design capacity due to…Details
The government of Kazakhstan is introducing the prohibition to export ferrous and non-ferrous scrap and waste for 6 months. Moreover, it is now prohibited to transport scrap, as well as used pipes and rails by automobile or sea vessels out of Kazakhstan. The order of the government will become valid from May 6. It is…Details
Interpipe will provide its employees in the Ukrainian Army with 21 thermal imagers and over 100 radio sets. The first 11 German imagers already help defenders in Kharkiv and Donetsk regions. “Each delivery was a special small operation with the help of volunteers and the army. A volunteer car got stuck in Kharkiv region not…Details
Metinvest continues employing its specialists who have lost their jobs and houses because of the Russian invasion and had to relocate to the unoccupied territory of Ukraine. The group has around 4 thousand jobs in Pokrovsk, Kamenskoye, Zaporzhye and Kriviy Rih. The employees will also be provided with housing, food and clothes. For example, Andrei…Details
On April 24, Avdiivka By-Product Coke Plant was again shelled by the Russian marauding army. “The Russians have taken lives of two little girls in Krasnogorovka, not far from the plant. The plant was also shelled. Many shops have been damaged. Preliminary, there were no casualties at the plant,” the company ex-director Musa Magomedov has…Details
After the partial relaunch of the manufacturing process, Zaporizhstal is now operating at 40-50% of its capacity. According to the company CEO Alexander Mironenko, the production at the plant was mothballed for 33 days due to war. Moreover, there were problems with logistics – delivery of raw materials and shipping of products. “After the front…Details
Ferrexpo increased income by 48% YoY in 2021, to $2.5 billion. EBITDA grew by 68%, to $1.43 billion. Net monetary flows went up by 59%, to $1.09 billion. Due to the Russian invasion of Ukraine, the company board of directors decided to postpone any decision on the interim dividends. The decision will be taken when…Details