Metinvest Group’s KAMETSTAL plant in Dnipro Metallurgical Plant (Kamianske, Dnipro region) has mastered a new steel casting technology using continuous casting machine No. 1 to increase the output of high-quality billets.
According to the press release, in 2024, KAMETSTAL’s BOF Shop expanded the range of high-quality billets and increased the production of CCMs using this technology. This year, steelmakers are facing new challenges to improve the efficiency of stop casting.
It is explained that the main feature of this technology is to cover the steel jet with a dipping cup in the gap between the tundish and the crystallizer of the continuous casting machine. In this way, the hot metal is protected from the negative effects of secondary oxidation, which gives the billet improved quality to meet the requirements of consumers in both the European and domestic markets. This technology makes it possible to produce metal with higher requirements for chemical composition and macrostructure, and the margin profit from it is higher than from conventional billets.
Last year, as part of the program for the development of new products, Section CCM No. 1 successfully mastered the production of continuously cast billets with a cross section of 200×200 mm with increased requirements for chemical composition and macrostructure from 40X, 45X1 and 45 steels, which are used to produce 130 mm diameter wheels.
“Successful mastering of the required quality parameters made it possible to transfer the production of such a billet from CCM #2 to the first machine and make the products more efficient. In 2024, 2,940 tons of new billets were cast and shipped to Ukrainian and European customers, as well as for the internal needs of Kametstal’s rollers,” the plant’s information states.
It adds that the key tasks currently being addressed by the team of specialists involved in the program, in addition to expanding the product line, include testing the automatic start-up of the machine’s jets during stop casting. Starting CCMs in the AutoStart mode means, first of all, improving the quality of the cast metal by minimizing the influence of the human factor on this process.
“Kametstal was established on the basis of PJSC Dneprovsky Coke and Chemical Plant (DKKhZ) and the Centralized Steel Mill of PJSC Dneprovsky Metallurgical Plant (DMK).
According to the 2020 report of Metinvest Group’s parent company, Metinvest B.V. (Netherlands) owned 100% of the shares in DCCP.
Sukha Balka Mine (Kryvyi Rih, Dnipro region), part of Aleksandr Yaroslavsky’s DCH Group, has prepared a new production unit at Yubileynaya mine that will ensure that the company meets its targets over the next five months.
As Yubileynaya’s chief engineer Nikolay Puntus told DCH Steel’s corporate newspaper on Thursday, the unit 28-34 is located on the fifth floor of the Main seam at the minus 1420m horizon.
“There are not enough people, but the task was completed on schedule,” stated Puntus.
In addition, it is noted that representatives of the State Labor Service of Ukraine monitored the preparation of the block for operation, compliance with the requirements of laws and regulations on labor protection and subsoil legislation.
The block’s reserves amount to 135 thousand tons of crude ore with an iron content of 58.4%. Mining operations have already begun.
As reported, Sukha Balka mine produced 917 thousand tons of commercial ore in 2024, down 1.5% from 931 thousand tons in 2023. Plans for 2025 include the production of 850 thousand tons of commercial ore.
In 2023, Sukha Balka mine produced almost 931 thousand tons of commercial ore, compared to 1.469 million tons in 2022 (down 36.5%).
Sukha Balka mine is one of the leading mining companies in Ukraine. It produces iron ore by underground mining. The mine includes Yubileynaya and Frunze mines. Frunze mine.
DCH Group acquired the mine from Evraz Group in May 2017.
Arricano Group in Ukraine (hereinafter referred to as Arricano), a leading developer of four shopping malls (Prospekt shopping mall, RayON shopping center, Sun Gallery shopping mall, City Mall), paid UAH 205.9 million in taxes to the state budget of all levels, transferred more than UAH 4.2 million to help the Ukrainian Defense Forces and charity, the group’s press service reports.
“Despite the pressure on the Arricano Group and its employees from the law enforcement agencies of Ukraine in 2024, as well as the consequences of the armed aggression of the Russian Federation, we continued to work effectively. It was important for the group of companies not only to ensure the stable operation of all shopping malls, but also to perform social functions and develop wherever possible,” said Anna Chubotina, CEO of Arricano Real Estate LLC, quoted in a press release.
It is noted that the group also invested UAH 66.7 million in the restoration of the Sun Gallery shopping center, which was damaged by a missile strike on the city in January 2024.
“It was very important for us to restore the Sun Gallery shopping mall after the damage and resume its full operation as soon as possible, as we understood the significant social function of this facility and the importance of our efficiency for our tenant partners,” Chubotina emphasized.
Arricano has strengthened the tenant mix of “Sun Gallery” shopping mall in Kryvyi Rih and CITY MALL in Zaporizhzhia with the market leader in FMCG – Silpo supermarket, and attracted new domestic and international operators, including Sinsay, Diverse, Broxci, etc. In total, in 2024, 35 new stores and establishments were opened in the mall with a total area of almost 23.3 thousand square meters.
At the end of 2024, the average vacancy rate in Arricano shopping malls was less than 5%, in some facilities, in particular, in Prospekt shopping mall – 0%.
At the end of the year, all the group’s shopping malls welcomed more than 21 million visitors, compared to 23 million in 2023.
Arricano Real Estate Plc specializes in the construction of shopping malls and is one of the leading developers in the Ukrainian real estate market. Through its Ukrainian subsidiaries, the company owns and manages four shopping centers with a total area of 147.6 thousand square meters: “RayON and Prospekt in Kyiv, Sun Gallery in Kryvyi Rih, and City Mall in Zaporizhzhia. The company also owns 49.9% in Sky Mall (Kyiv) and land plots for further construction of three projects that are currently under design. The company is also engaged in the construction of the Lukianivka shopping center in Kyiv.
“Metinvest, Ukraine’s largest mining and metals holding, increased steel production by 4% year-on-year to 2.099 million tons in 2024.
According to the press release of the parent company Metinvest B.V. on its operating results for 2024, the production of total iron ore products increased by 42% to 15.733 million tons.
At the same time, the production of commercial iron ore increased by 58% to 14.826 million tons.
It is noted that capacity utilization in Ukraine was affected by factors such as security, personnel, electricity, logistics and economic factors.
Coke production in 2024 decreased by 10% to 1.122 million tons.
At the same time, Metinvest increased its total pellet production by 14% to 6.022 million tons, but reduced its total coking coal concentrate output by 22% to 4.277 million tons.
It is specified that in the fourth quarter of 2024, pig iron production at Kametstal decreased by 6% quarter-on-quarter to 452 thousand tons, mainly due to a short maintenance shutdown of blast furnace No. 9 in October. Crude steel production decreased by 14% quarter-on-quarter to 489 kt, driven by a shift in orders from finished products to commercial pig iron.
In 2024, pig iron production amounted to 1.818 million tons, up 3% year-on-year, thanks to the efficient operation of two blast furnaces. As a result, crude steel production increased by 4% year-on-year to 2,099 thousand tons.
In the fourth quarter of 2024, the production of semi-finished products amounted to 235 thousand tons (-6% q-o-q). Last year, the production of semi-finished products increased by 3% compared to 2023 to 861 thousand tons due to an increase in orders.
In the fourth quarter of 2024, production of finished products decreased by 2% quarter-on-quarter to 481 thousand tonnes, with flat products production increasing by 4% to 193 thousand tonnes due to an increase in hot-rolled plate production at Ferriera Valsider (Italy). Long products production fell by 6% to 288 thousand tonnes, mainly due to a reduction in the order book at Promet Steel (Bulgaria).
In 2024, production of finished products decreased by 6% to 2,159 thousand tons. In particular, flat products production fell by 16% to 922 thousand tons due to unfavorable European market conditions, especially the availability of cheaper Russian plates. This resulted in a lack of profitable orders for hot-rolled coils and a reduced order book for hot-rolled plates, the company said. At the same time, production of galvanized cold-rolled steel increased by 42% due to the resumption of inductor No. 4 at Unisteel in Ukraine after it was shut down for overhaul in the second quarter of 2023.
Long products production increased by 4% to 1,237 thousand tons, mainly due to a larger order book at Kamet Steel. Since February 2024, Russian troops have focused their efforts on several areas, including Pokrovske, close to Pokrovskugol. As a result, production there was suspended in December 2024.
In the fourth quarter of 2024, the Group’s production of coking coal concentrate decreased by 7% quarter-on-quarter to 1,057 thousand tons. The main factor was a 14% drop in production at Pokrovskugol to 566 thousand tons. At the same time, coal concentrate production at United Coal (USA) increased by 3% quarter-on-quarter to 491 thousand tons.
In 2024, the Group’s production of coking coal concentrate decreased primarily due to a 22% decline in production at Pokrovskugol to 2,426 thousand tons, mainly due to changes in geological conditions and events at the end of 2024. Coking coal concentrate output at United Coal decreased by 21% to 1,852 thousand tons due to downtime at Carter Roag and lower production at some Wellmore mines in 2023.
“Metinvest is a group of steel and mining companies located in Ukraine, Europe and the United States.
Its major shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it.
Metinvest Holding LLC is the management company of Metinvest Group.
In Ukraine this week prices for imported tomatoes produced in Turkey have started to decrease, analysts of the EastFruit project report. The reason for this was a rather weak interest of wholesale companies and retail chains in the purchase of these products.
Today Ukrainian importers offer Turkish tomatoes for sale at 75-90 UAH/kg ($1.79-2.15/kg), depending on the quality and volume of batches, which is on average 14% cheaper than at the end of last week. At the same time, the supply of imported products is quite voluminous, while the demand for them is quite restrained. As a result, significant volumes of unsold products are accumulated in the warehouses of companies, due to which sellers are ready to concede in price.
Thus, during the week the supply of tomatoes from Turkey continued to increase, as a result of which the supply on the market remained excessive. Due to low sales rates, most wholesalers and retailers reduced the volume of tomato purchases and purchased new batches as the existing stocks were realized.
At the same time, it should be noted that prices for imported tomatoes in Ukraine are currently still 10% higher than in the same period last year. According to key market players, if the sales rates in the tomato segment do not accelerate in the near future, the decline in prices for these products may last until the end of February this year.
You can get more detailed information about market development of tomatoes and other horticultural products in Ukraine by subscribing to the operative analytical weekly – EastFruit Ukraine Weekly Pro. Detailed information about the product can be found here.
NS-Finance LLC of Ukrainian businessman Oleksandr Iaroslavskyy has increased its stake in PJSC National Joint Stock Insurance Company Oranta (Kiev) from 74.848% to 80.161%. This LLC notified the insurer on February 11.
According to the message of NJSIC “Oranta” in the information disclosure system of the National Securities Commission (NSC), the highest price of acquisition of shares within 12 months preceding the day of acquisition of such block of shares, including the day of acquisition on February 10, 2025, was UAH 1.40. Acquisition of shares occurred in the process of issue.
As it was informed, the National Bank of Ukraine has confirmed to NJSIC ‘Oranta’ the compliance of the ownership structure with the requirements of transparency.
The decision was made taking into account the results of the additional issue of shares, which allowed to increase the authorized capital of the company by UAH 85 mln – up to UAH 244 mln and to increase the share of the shareholder NS-Finance LLC up to 80.1609%.
As a result of the issue 70,834 mln shares for the total amount of UAH 99,168 mln have been sold, from which UAH 85 mln have been directed directly to the authorized capital, and UAH 14,2 mln – to the additional capital of the company.
Oranta” Incorporated is the legal successor of Ukrgosstrakh, founded on November 25, 1921, and has been carrying out insurance activity in Ukraine for more than 100 years. The company has 33 licenses for compulsory and voluntary types of insurance, its network includes more than 400 representative offices, in the agency network there are more than 2000 insurance experts.
Since 1994 Oranta has been a full member of the ITSBU, and since 2003 – a member of the Nuclear Insurance Pool. The main shareholder is the Ukrainian business group DCH.
