Sanctions must be applied against the entire Russian metal complex, while Ukrainian metal companies must get full access to the American market, the first vice prime minister, minister of economy of Ukraine Yuliya Sviridenko has said at the meeting with the secretary of commerce of the USA Gina Raimondo. “Steel is the sphere in which…
At present only 6 metal enterprises situated on the non-occupied territories operate in Ukraine. Their average capacity is 15% of the pre-war level. Mining enterprises are better off, as their capacity is around 25%. At the same time, operation at Ingulets GOK, UGOK and AMKR mining and processing works has been suspended. The situation is…
Unblocking ports to export metal products will improve situation both for the Ukrainian industry and for state finances, as the country can export $500 million worth of metal each month. “Ukraine is at war. So each dollar, which we can receive for our products, is needed – to fulfill social obligations and buy weapons. Ukraine…
Russia is stealing metal products on occupied territories of Ukraine and after that passes off them as its own and tries to sell them. According to the chairman of the Metallurgists of Ukraine Federation Sergey Belenkiy, it is unknown, who much metal has been stolen, but Mariupol warehouses stocked metal worth hundreds of millions. “Hundred…
The deputy economy minister Taras Kachka says Ukraine wants an agreement on metal exports like the “grain deal”. He says the Istanbul agreement on food could also be transferred to the delivery of other products, in particular, metals. This is an “agreement on logistics, on the movement of ships over the Black Sea”. “In this…
At present, Ukrainian metal enterprises operate at the 10% of the pre-war level. According to the co-owner of ISD Sergey Taruta, the Ukrainian metal industry is half dead. “It’s impossible to arrange shipments from Zaporizhstal. I’m not sure about AMKR. Situation with Avdiivka Coke was very critical. Only Avdiivka coke could be provided. The rest…
Russian metal companies are considerably decreasing output. Thus, compared with January-February, MMK has decreased steel production by 40%, while Severstal is reporting a 20-40% drop in June. MMK might produce 550 thousand tons of steel in June. With full loading of capacities the company produces around 1 million tons per month. A part of Severstal…
The Economy Security Bureau has prevented the export of ferrous rolled metal valued at 52 million UAH to Russia. On the ESB initiative 17.8 thousand railroad cars belonging to Russia and Belarus were arrested. In Zaporozhye region 20 cars were found with rolled metal owned by Russia. The total weight of metal was 1.28 thousand…