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Uzbekistan has discovered a new deposit with 133 tons of gold reserves, the State Committee for Geology and Mineral Resources reports. According to Asror Rustamov, head of department at the Committee, several new deposits were registered throughout the republic in 2020. Among them, the Chukurkuduk deposit with 133 tons of gold. Another deposit with estimated…
DetailsThe Verkhovna Rada Committee on the integration of Ukraine into the European Union has approved of the bill No. 5175, which suggests prolonging the export duty on scrap in the amount of 58 euros per ton for 5 more years. The committee members have recommended the Committee on the Economic Development together with the Ministry…
DetailsIn March, Zaporizhstal increased steel output by 14.1% YoY, to 343.7 thousand tons. Pig iron output grew by 10.8%, to 394.3 thousand tons, and rolled metal – by 24.6%, to 291.5 thousand tons. The increase in manufacture is due to shut down of the blast furnace No. 5 in March 2020 for repair. In Q1,…
DetailsAzovstal is launching its blast furnaces Nos. 2 and 3 after capital repairs. A loading device with the diameter of 5,000 mm has been replaced at the blast furnace No. 2. A new LB350-1 moisture analyzer produced by Berthold Technologies has been assembled at the blast furnace No. 3. 156 million UAH was invested in…
DetailsLast year, Interpipe Steel mastered the manufacture of 19 steel grades. In particular, the company learned to produce 14 new steel grades for pipe manufacture and 5 for the transport segment. In 9 years of operation, Interpipe Steel has mastered the manufacture of almost 540 grades. ER7 steel alloyed with sulfur was supplied to MWL…
DetailsThe US International Trade Commission will impose duties on the import of pipes from Interpipe. The commission explains its decision by the damage to the American manufacturers from the Interpipe dumping while supplying pipes to the country. Interpipe sold pipes at the price 42.2% below the economically justified level. The company supplied around 40 thousand…
DetailsUzbekistan has sold 687 tons of gold over the past decade, the Central Bank reports. Some 100 tons of gold were exported in 2020. The lowest amount of gold (10 tons) was sold in 2012, with the maximum amount in 2019 (110 tons). Gold prices have also changed during this period. While an ounce of…
DetailsIn January, average wages in Ukrainian metal industry mostly grew. Ferrous metal industry demonstrated the largest growth – by 21.1%, to 20.4 thousand UAH. According to the Union of metal and mining workers, at by-product coke plants the average salary was 20 thousand UAH (+13.2%), at pipe companies – 13.3 thousand UAH (-7.1%), at mining…
DetailsIn 2020, Zaporozhogneupor received 124.26 million UAH of net losses as opposed to a net profit of 53.71 million UAH in 2019. Undistributed profit amounted to 50.31 million UAH. Accounts receivable dropped by 31.6%, to 476.6 million UAH, and current liabilities – by 4.3%, to 1.3 billion UAH, while fixed grew by 40.2%, to 298…
DetailsIn 2020, Yuzhkoks increased its net losses by 23.9% YoY, to 632.05 million UAH. Uncovered losses amounted to 64.85 million UAH. The company current liabilities went up by 0.1%, to 6.1 billion UAH, while fixed dropped by 34.1%, to 375.7 million UAH. Accounts receivable decreased by 16.4%, to 4.8 billion UAH. (Ukrainian metal)
DetailsRepresentatives of 11 trade unions operating at ArcelorMittal Kryvyi Rih met with CEO Mauro Longobardo and HR director Yuliya Chermazovich to discuss the planned salary raise, coming into effect on May 1. CFO Sergey Plichko and Chief Legal, GR and PR officer Artem Filipyev also participated in the talks. “We fully share the unions’ desire…
DetailsIn March, the salary fund of the Nikopol Ferroalloy Plant increased by 20% MoM, to 126.5 million UAH. Average salary will grow by 17.5% to 267.5%, to 18 thousand UAH. All the employees will have their wages increased by 17.5%, except for the CEO and the deputies – their salaries will grow by 15%. In…
DetailsA government decree has been signed on imposing a temporary ban on export of scrap and waste of ferrous metals from Kyrgyzstan outside the customs territory of the Eurasian Economic Union, the press service of the Cabinet of Ministers reports. The export ban is imposed for a period of six months. It applies to scrap…
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