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…
The State Investigation Bureau has found and initiated nationalization of Russian businessmen’s assets, which have been transiting Ukraine – metal billets and wares worth over UAH 93 million. “The metal was located and confiscated in the Sea Trade Port of Odesa,” the bureau said. The bureau has asked the civilian-military authorities of Odesa region to…
As soon as this week, some metallurgical plants will start to partially restore the production and export potential. The relevant statement was made by Ukrainian Infrastructure Minister Oleksandr Kubrakov during a telethon. “In recent weeks, we have been actively cooperating with industrial sectors to restore our production and export potential. More specifically, last week we…
The State Investigations Bureau has blocked the attempts of an illegal export of Belarus goods via Ukraine. In particular, the transit of two carriages with 139 tons of metal products was blocked. The metal was being transported from Belarus via Ukraine to customers in the North Africa, but has been confiscated for the needs of…
The transactions in cash in the process of metal procurement will be limited at 10,000 lei at the most. The initiative legislative on the amendment of the Fiscal Code, launched by a group of MPs of the faction of the Action and Solidarity Party (PAS), was backed by the parliament’s commission for economy, budget and…
In 2021, capital investments in the mining and metallurgical complex of Ukraine grew by 32.7% YoY, to $1.82 billion. According to the Service of State Statistics, in metal industry the growth was 36.7%, to $75.4 million, while in metallic ore mining – 29.2%, to $948.7 million. The volume of investments in the segment of iron…