In January-September, Metinvest increased steel output by 13% YoY, to 6.93 million tons. In particular, Mariupol Ilyich Iron and Steel Works produced 3.2 million tons of steel, up by 7%, and Azovstal – 3.34 million tons, up by 6%. Rolled metal manufacture grew by 23%, to 5.3 million tons, with flat rolled metal up by…Details
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The Ministry of Economy has developed and submitted to the Cabinet of Ministers a bill on the increase of the ferrous scrap export duty to EUR 200 per ton. The decision was taken without discussion with the market players. In January-September, Ukraine increased scrap export 27.2-fold YoY, to $175.6 million, and import – 2-fold, to…Details
Novokramatorskiy Machine-Building Works has finished producing the second stage of the machinery for the wire mill 350/250. The new mill will produce rods with the diameter of 10 to 30 mm and rolled wire of 5.5 to 12 mm made of steel and titanium alloys. This is the first mill of such kind completely designed…Details
In October, Ukraine produced 1.56 million tons of pig iron, down by 8.5% YoY. Steel output dropped by 3.08%, to 1.6 million tons, and rolled metal – by 0.5%, to 1.45 million tons. In January-October, Ukraine produced 17.7 million tons of pig iron, up by 4.9% YoY, 17.9 million tons of steel, up by 5.4%,…Details
In January-September, Novokramatorskiy Machine-Building Works received a net profit of 407.83 million UAH, down 2.8-fold YoY. Net income dropped by 2.2%, to 4.72 billion UAH. Gross profit amounted to 1.65 billion UAH, down by 8.5%. Machinery for metal industry accounted for 40% of sales or 1.89 billion UAH, while machinery for mining and construction industries…Details
In January-October, Ukraine increased ferrous scrap export 19-fold YoY, to $195.7 million. According to the State Customs Service, in October exports amounted to $20.16 million as opposed to $1.74 million in October 2020. Imports grew 2.2-fold, to $37.44 million, with $5.64 million imported in October. (Ukrainian metal)Details
In October, Zaporizhstal decreased rolled metal output by 3.5% YoY, to 267 thousand tons. The company also produced 345.8 thousand tons of pig iron, down by 13.3%, and 279 thousand tons of steel, down by 14.6%. The drop is due to the shortage of coking coal. In January-October, Zaporizhstal produced 3613.4 thousand tons of pig…Details
A plant to produce pipes for oil and gas industries has been launched in Mangystau region. This is the first plant in Kazakhstan to produce steel pipes of small and medium diameter (up to 530 mm). The capacity is around 700 km of pipes per year. Investments in the project amounted to 5 billion tenge.…Details
In January-October, Ukraine exported $11.54 billion worth of ferrous metals, up by 80% YoY. According to the customs statistics, in October revenue totaled $1.21 billion, up by 82.4%. Imports in 10 months grew by 44.45%, to $1.25 billion, with $139.13 million imported in October, down by 60.7%. (Ukrainian metal)Details
In January-September, the state enterprise Vostochniy Mining and Processing Works produced 340.3 tons of uranium oxide concentrate, down by 47% YoY. Uranium ore mining dropped by 20%, to 343.8 thousand tons. The concentrate price dropped by 44%, to 990.7 million UAH. (Ukrainian metal)Details
The Ukrainian Association of Ferroalloys Manufactures asks the authorities to impose a special duty on the import of ferroalloys from Russia. At present the duty for Russia is zero, while the country has a duty of 5% on almost all Ukrainian ferroalloys. Under such conditions, local ferroalloy manufacturers are unable to compete. The association believes…Details
The State Property Fund has decided to postpone the auction on the privatization of the United Mining and Chemical Company till December. The fund received only two offers to participate in the auction, with one not meeting the current legislation requirements. As the auction cannot be carried out with just one participant, the fund has…Details