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…
In 2020, Ukrainian seaports transported 15.78 million tons of metal products in 2020, up by 8% YoY. Exports increased by 8%, to 15.32 million tons, and transit – by 11.9%, to 421.2 thousand tons. The main shipper was Metinvest – 10.68 million tons, up by 12.1%. Most of Metinvest metal (40.7%) is shipped via the…
In January-February, metal companies increased consumption of natural gas and electricity. In particular, consumption of the natural gas grew by 6.5% YoY, to 330 million cubic meters. Metal companies also used 1920 million kW-h of electricity, up by 4.9%. (Ukrainian metal)
In February, industrial prices in Kazakhstan increased by 3.1% YoY. According to the Bureau of the National Statistics, in particular, prices of metallic ores grew by 0.9%. In processing industry the prices of ferrous rolled metal increased by 4.4%, copper – by 2.6%, ferroalloys – by 0.5%, aluminum and lead – by 0.6% and zinc…
In 2020, metal companies in the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, decreased exports of pig iron to Turkey via Russia 1.5-fold YoY, to 287 thousand tons. At the same time, Russian exports grew by 53%, to 974 thousand tons. Pig iron prices increased from $350 to $550 per…
In 2020, the volume of capital investments in metal industry decreased by 52.6% YoY, to 18.8 billion UAH. According to the State Statistics Service, overall investments in industry dropped by 43.6%, to 153.3 billion UAH. The share of metallurgy was 12.3%. In Q1 2020, capital investments decreased by 27.5%, in Q2 – by 51.4%, in…
In 2020, the loan portfolio of the mining and metallurgical companies increased by 8.5% YoY, to 22.8 billion UAH. Metallurgy accounted for 17.8 billion UAH and mining – 5 billion UAH. Metal companies mostly take loans for 1-5 years (14 billion UAH) in foreign currency, while short-term loans (1 years) constitute a lion’s share in…
Ukraine and Algeria have significant potential for increasing cooperation in the metallurgical sector. According to the press service of the Embassy of Ukraine in Algeria, this was discussed during a meeting between Ambassador Maksym Subkh and Chief Executive Officer of Algeria’s IMETAL Group Tarik Bouslama. “During the meeting, the attention of the Algerian side was,…
