Kryvyi Rih Mining and Metallurgical Plant PJSC “ArcelorMittal Kryvyi Rih” (AMKR, Dnipropetrovsk region) at its coke chemical division in January-August of this year reduced the production of metallurgical coke by 62.6% compared to the same period last year – up to 740 thousand tons .
A representative of the company told Interfax-Ukraine that in August the company produced 44,000 tons of metallurgical coke.
At the same time, in January-August 2022, the production of 6% moisture gross coke at AMKR amounted to 851 thousand tons, including 51 thousand tons in August.
Coke production at ArcelorMittal Kryvyi Rih for 8 months-2021 increased by 12.1% – up to 1.976 million tons, including 260 thousand tons in August last year.
In January-August 2022, 263 thousand tons of domestically produced coal, 390 thousand tons from Russia (before the war), 65 thousand tons from Kazakhstan, 27 thousand tons from Poland, 15 thousand tons from the Czech Republic, 208 thousand tons from the USA and 134 thousand tons from Australia. In August, AMKR delivered 48,000 tons of domestic coal, 18,000 tons from the United States, and 8,000 tons from Australia.
As reported, in January-August this year, Ukrainian Coke Plants reduced the production of gross coke with 6% moisture by 55.2% compared to the same period last year, to 2.94 million tons. Including for 8 months-2022, the production of metallurgical coke amounted to 2.52 million tons. At the same time, 257.7 thousand tons of gross coke were produced in August, including 221 thousand tons of metallurgical coke.
Ukraine in 2021 reduced the production of coke by 1.3% compared to 2020 – to 9.543 million tons.
“ArcelorMittal Kryvyi Rih” is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular rebar and wire rod.
ArcelorMittal owns the largest mining and metallurgical plant in Ukraine, ArcelorMittal Kryvyi Rih, and a number of small companies, in particular, PJSC ArcelorMittal Berislav.
Asian stock markets, which are traded on Monday, demonstrate multidirectional dynamics.
Exchanges in mainland China are closed due to the holidays on the occasion of the Day of the founding of the PRC, South Korea – on the occasion of the Day of the founding of the state.
The Japanese Nikkei 225 rose 0.5% by 8:26 a.m. despite weak statistics.
The Tankan Index, which assesses the level of confidence in the Japanese economy among large companies in the processing industry, fell to its lowest level in six quarters in July-September (since January-March 2021).
The value of the indicator fell to 8 points compared to 9 points in the second quarter of this year, the Bank of Japan said. A positive index value means that the percentage of respondents who consider the business environment favorable is higher than the share of those who do not.
Analysts on average predicted an increase in the indicator in the past quarter to 11 points, according to the results of surveys by Quick and Trading Economics.
The index declined for the third quarter in a row. This reflects, among other things, the growing costs of enterprises, the depreciation of the yen, as well as the restrictions imposed by China due to COVID-19.
The top three in terms of the rate of rise in quotes on Monday consists of shares of transport companies: Kawasaki Kisen Kaisha Ltd. (+4.8%), Nippon Yusen K.K. (+4.6%) and Mitsui O.S.K. Lines Ltd (-4.2%).
In addition, the price of securities of investment and technology SoftBank Group (+1.6%), consumer electronics manufacturer Sony (+1.5%), automotive Nissan Motor (+1.3%) and Toyota Motor (+3.2%) is rising. ).
The most significant decline in value shows papers of electricity producers, including Kansai Electric Power Co. (-6.5%), Chubu Electric Power Co. (-4.1%) and Tokyo Electric Power Co. (-3.9%), as well as retailer Seven & I Holdings Co. (-4.5%).
The value of the manufacturer of consoles and video games Nintendo fell by 1.1%. The company did a 10-for-1 stock split over the weekend.
The Hong Kong Hang Seng index lost 1.8% by 8:31 am KSK. It is at its lowest level in the last eleven years.
The stock prices of New World Development Co., a developer, are declining most significantly on the Hong Kong Stock Exchange. (-7.4%) and Ping An Insurance (-5.2%).
The papers of online retailer JD.com (-3.7%), HSBC bank (-3.3%), automotive BYD (-2.5%) are also getting cheaper.
The Australian S&P/ASX 200 index has decreased by 0.3% since the market opened.
In particular, the price of shares of technology companies Xero Ltd (-2.7%), Computershare (-0.9%) and Wisetech Global (-1.2%) decreased.
Oil prices are rising steadily on Monday morning after falling in September and the third quarter.
OPEC+ countries are considering cutting oil production by more than 1 million barrels per day, The Wall Street Journal reported, citing participants in an alliance meeting to be held on October 5.
The price of December futures for Brent crude on the London ICE Futures exchange by 8:05 am CST on Monday is $87.29 per barrel, which is $2.15 (2.53%) higher than the closing price of the previous session. As a result of trading last Friday, these contracts fell in price by $2.04 (2.3%) to $85.14 per barrel. November futures, which expired on Friday, stood at $87.96 a barrel, down 53 cents (0.6%).
Brent ended the previous week up 2.2%, but fell in September and the third quarter by 8.8% and 23%, respectively.
The price of futures for WTI oil for November on the electronic trading of the New York Mercantile Exchange (NYMEX) is $81.57 per barrel by this time, which is $2.08 (2.62%) more than the final value of the previous session. By the close of the last session, the cost of these contracts fell by $1.74 (2.1%) to $79.49 per barrel.
Over the week, WTI rose in price by 1%, but also lost 11% and almost 25% in the month and quarter, respectively.
Oil traders’ concerns about a slowdown in global economic growth have recently contributed to the decline in oil prices at the fastest pace since the start of the COVID-19 pandemic in 2020.
The Sardinian authorities are offering to pay people 15,000 euros each to move them to the island. The purpose of such “generosity” is to populate the rural areas of the region.
Who would have thought that an island with turquoise seas and white sandy beaches could face the problem of underpopulation? But many local residents leave small settlements due to lack of work.
To combat the outflow of the rural population, the authorities offer foreigners 15 thousand euros for resettlement on the coast of Sardinia. However, there is a prerequisite for participation in the program – this money must be used to repair a house in one of the settlements with a population of less than 3,000 people. Among such settlements are Galtelli and Calasetta.
“We have created conditions for young people to decide to stay and economically develop the most vulnerable territories,” said Cristian Solinas, head of the autonomous region of Sardinia.
Relocation applicants should note that the scheme is for a permanent move, not a vacation home. Moreover, the grant cannot exceed 50% of the purchase and repair cost. In total, 105 million euros were allocated for the project.
To receive a grant, applicants must register their place of residence in Sardinia, and they must do so within 18 months of arrival.
This is not the first time that the Italian government has offered monetary incentives for settling in rural areas. Earlier this year, a number of villages in the southern region of Calabria offered young people up to 28,000 euros.
Sardinia is the second largest island in the Mediterranean after Sicily.
Citizens of Brazil on Sunday will vote in a general election, which will determine the new president and vice president of the country, the composition of the National Congress (parliament), governors, lieutenant governors and deputies of state legislatures.
The main attention is riveted to the election of the head of state. Seven candidates are vying for the post, but two have the most support among the Brazilian population: incumbent President Jair Bolsonaro and former President Luiz Inacio Lula da Silva. Bolsonaro is a right-wing politician, while Lula da Silva represents the left.
According to the latest Datafolha poll before the vote, Lula da Silva could get 50% of the vote in the first round, and Bolsonaro – 36%. The remaining votes were distributed among five more candidates. Observers note that it cannot be ruled out that Lula da Silva, despite a large lead over Bolsonaro, will not be able to achieve election in the first round.
To win in the first round, a candidate needs to get more than 50% of the votes. If this fails, then a second round is held between the two strongest candidates.
Lula da Silva is 76 years old, he was previously going to take part in the 2018 elections, but he could not do it, as he was convicted and ended up in prison. Despite this, the Brazilians continued to have sympathy for him, and, judging by the polls, even behind bars, Lula da Silva remained the most popular politician in the country.
As a result, the Brazilian Workers’ Party nominated Fernando Addada as a presidential candidate in his place. This politician lost to the current President Bolsonaro.
Lula da Silva ruled Brazil from 2003 to 2010, and in 2017 he was sentenced to nine and a half years in prison for money laundering and corruption. Later, the term was increased to 12 years. He himself never admitted his guilt, his lawyers eventually managed to appeal the verdict. In 2021, the country’s Supreme Court annulled his anti-corruption conviction. Now he can run for reelection again.
Brazilians remember his period in office due to his socially oriented economic policy, and the current election program is also built with a leftist bias: he focuses on the poorest segments of the Brazilian population, promises to expand social programs and increase funding for infrastructure projects, intends to fight for the conservation of forests in the Amazon in in contrast to Bolsonaro, who was criticized for heavy deforestation during his term.
Bolsonaro, 67, is a former military and congressman who was known in Brazil for his controversial remarks about ethnic and sexual minorities and women, as well as for his far-right conservative views, even before he assumed the presidency, and has repeatedly expressed nostalgia for military dictatorship in Brazil.
Bolsonaro has been criticized by many Brazilians for what they see as downplaying the severity of the COVID-19 pandemic. Polls showed that the citizens of the country believe that there is corruption in the government under Bolsonaro and that he is incapable of governing the country. Polls conducted throughout August and September indicated that Bolsonaro’s approval rate had fallen to record lows, with between half and two-thirds of respondents disapproving of his work at various times.
During the election campaign, Bolsonaro continued to voice conservative views, promising to defend the traditional values of Christians, criticize the country’s electronic voting system and even members of the election commission that they are “working against him.” Brazilians will remember his campaign for scandals: Bolsonaro made harsh, radical statements, which were then actively distributed on social networks, once he got into a fight with a blogger who criticized him at a public event.
In addition, Brazilians on Sunday will elect 27 out of 81 senators, 513 members of the Chamber of Deputies, 27 governors and members of state legislatures.
On October 3-12, the first tour of the head of the Ukrainian Foreign Ministry to African countries in the history of Ukrainian diplomacy will take place, Minister Kuleba will begin the tour with a visit to Senegal.
As the press service of the Ministry of Foreign Affairs notes, the tour is an important element of the African strategy, developed at the Ministry of Foreign Affairs on behalf of the President of Ukraine Volodymyr Zelensky and which has become a “road map” for the development of relations between our state and the region.
The key topic of the minister’s talks will be the consolidation of political support for Ukraine from the countries of the global south against the backdrop of Russian aggression, in particular, the latest attempt to annex Ukrainian territories.
Other priorities of the negotiations will be strengthening the role of Ukraine as a guarantor of world food security, deepening cooperation in the field of education, promoting Ukrainian IT products, in particular the Action platform, creating new opportunities for Ukrainian exports using the capabilities of the Nazovni system. Within the framework of the visits, a number of business forums with the participation of leading Ukrainian and African companies are also planned.
The visits of the Foreign Minister will open a new section of cooperation with the countries of the African continent and will contribute to the implementation of Ukraine’s global and proactive diplomacy.
The minister’s tour will also be a preparation for a large-scale Ukraine-Africa conference.
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