In 2018 capital investments in the sector of metallurgy and metal manufacture grew by 41.7% YoY, to 25.56 billion UAH. According to the State Statistics Service, the total growth of capital investments in the industry was 31.6%, to 179.7 billion UAH. In 2017 investments in metallurgy increased by 25.8% YoY, to 18 billion UAH. (Ukrainian…
In 2018 metal products accounted for 24.6% of the total volume of exports. According to the Ministry of economical development and trade, metal exports grew by 14.9% YoY, to $11.6 billion. Metal industry provided for the second largest contribution to exports after agriculture. The share of agriculture products in the exports was 39.3%, or $18.6…
In January the Novosibirsk subsidiary of the First Cargo Company increased the ferrous metals transportation 1.7-fold YoY, to 38 thousand tons. “The positive dynamics is due to the consumption growth on the domestic market and high demand from North-Eastern Africa and the Near East”, the subsidiary director Yevgeniy Dolzhenko said. Ferrous rolled metal transportation grew…
Metalmeistars now has the largest optic-fiber laser cutting machine. The unique machine has been made by Bystronic (Switzerland). The price of the machine is around 1 million euro. Its size is 6.25 x 2.5 meters. “Now we can make larger parts. Even though the new machine is larger, it consumes less electricity than the old…
In January Ukrainian metal companies decreased natural gas consumption by 3% MoM and by 8% YoY. In December 2018 gas consumption grew by 13% MoM, to 170 million cubic meters. Electricity consumption in January was 1.01 billion kW-h, down by 1% MoM and by 6% YoY. (Ukrainian metal)
The Far Eastern Shipbuilding and Ship Repair Center (FESRC) Zvezda may begin using Russia-made steel instead of foreign with Magnitogorsk Iron and Steel Works (MMK) and Amurstal among the supplier options. Currently, steel for Zvezda is delivered from South Korea. In 2016, Rosneft and Ural Mining and Metallurgical Company (UMMC) established a joint venture to…
Average salary in the metal and mining industry in Ukraine is 2 times higher than the monthly wages of financial and law workers. According to the Federation of metallurgists, in December 2018 the average salary of Ukrainian metal makers ranged between 10 thousand UAH and 26.9 thousand UAH. In particular, a typical blast furnace gas…
In H2 2018 the number of people employed in metal industry grew by 0.5%, to 189.7 thousand people. According to the State Statistics Service, average salary in the industry increased by 29% last year, to 12.496 thousand UAH. Metal companies also paid a lot of taxes, becoming major taxpayers. (Ukrainian metal)
