In 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…Details
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In 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…Details
In 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)Details
Representatives 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…Details
In 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…Details
A 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…Details
From May 1, Metinvest will increase salaries of its employees. In April, the group will finish the annual estimation of the personnel for the work in 2020. From April 1, new additional payment of 5% to 25% will be approved. In March, the average salary at Metinvest enterprises was 20.4 thousand UAH, up by 10%…Details
In 2020, Energomashspetsstal received a net loss of 1.4 billion UAH as opposed to a net profit of 866.4 million UAH in 2019. Uncovered losses amounted to 8.39 billion UAH (7.03 billion UAH). Assets grew slightly to 4.389 billion UAH, including accounts receivable – by 41.8%, to 508.14 million UAH. Current liabilities went up by…Details
This year, Zheltuginskaya Mining and Ore Company LLC, a part of Kurilgeo LLC, will invest 2.251 billion rubles in the development of the Klyuchevskoye gold deposit tailings in Zabaikalye region. Capital expenditures will amount to 2.111 billion rubles, with the rest to be spent on operational and financial activities. The company has started carrying out…Details
Severniy Mining and Processing Works will spend over 3 billion UAH to construct a complex to thicken processing waste. The complex will decrease expenses and environment impact by lowering energy consumption and water usage. The complex, the second of its kind in Ukraine, will be designed by Engineering Doberse, Germany. The first complex is used…Details
Secretaría de Economía of Mexico has prolonged the antidumping duties on the import of carbon steel hot-rolled sheets originating from Ukraine and Russia for 5 years. The duty was set on March 28, 2000 in the amount of 30.31% for Russia and 46.66% for Ukraine. On March 17, 2006 the duty was prolonged for the…Details
UnisTrade has been registered as a resident of the Grodnoinvest free economic zone. The company intends to produce metal structures. The commission of the first stage of the manufacture is scheduled for late 2022. Investments in the project will exceed EUR 3 million. UnisTrade is one of the largest metal wares manufacturers in Belarus. (Ukrainian…Details
In 2020, Pobuzhye Ferronickel Plant increased ore processing by 3.1% YoY, to 13.96 million tons. This equals 73.7 thousand tons of ferronickel, down by 1%, or 14.7 thousand tons of nickel, up by 3.7%. Profits amounted to 3.4 million UAH. PFK paid 125.4 million UAH of taxes, up by 19%. This year the company plans…Details