Zaporozhkoks, one of Ukraine’s largest coke and chemical producers and part of Metinvest Group, reduced its blast furnace coke output by 3.7% year-on-year to 135.6 thousand tons from 140.8 thousand tons in January-February this year.
According to the company, it produced 61.2 thousand tons of coke in February.
As reported, Zaporozhkoks increased its blast furnace coke production by 2.1% in 2024 compared to 2023, up to 874.7 thousand tons from 856.8 thousand tons.
“In 2023, Zaporozhkoks increased its blast furnace coke output by 16% compared to 2022, up to 856.8 thousand tons from 737.4 thousand tons.
“Zaporozhkoks produces about 10% of coke in Ukraine and has a full technological cycle of coke products processing. It also produces coke oven gas and pitch coke.
“Metinvest is a vertically integrated mining group of companies. Its major shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage the company.
Metinvest Holding LLC is the management company of Metinvest Group.
Zaporizhzhia-based Zaporizhstal Iron and Steel Works increased its rolled steel output by 4.6% year-on-year to 413.3 thousand tons from 395.3 thousand tons in January-February this year.
According to the company’s press release on Tuesday, steel production for the period amounted to 478.3 thousand tons (471.1 thousand tons in January-February 2014), and pig iron – 553.1 thousand tons (512.3 thousand tons).
In February, Zaporizhstal produced 265.4 thousand tons of iron, 235.3 thousand tons of steel, and shipped 195.7 thousand tons of rolled products.
As reported, in 2024, Zaporizhstal increased its rolled steel output by 18.1% compared to 2023 – to 2 million 426.7 thousand tons from 2 million 54.7 thousand tons, steel – by 17.2% to 2 million 890.8 thousand tons, pig iron – by 14.2% to 3 million 106.3 thousand tons.
“In 2023, Zaporizhstal increased its rolled steel output by 57.2% compared to 2022, to 2 million 54.7 thousand tons, steel by 65.4%, to 2 million 466.9 thousand tons, and pig iron by 35.3%, to 2 million 718.9 thousand tons.
“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries of the world.
“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding Group (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.
China will impose additional duties on some imports from the United States, the Customs Duties Committee of the Chinese State Council said Tuesday. Tariffs of 15 percent will be imposed on chicken meat, wheat, corn and cotton, and 10 percent on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables and dairy products.
The move comes after the U.S. decided to impose additional 10% duties on goods imported from China starting March 4.
The unilateral imposition of tariffs by the United States undermines the multilateral trading system, increases the burden on U.S. enterprises and consumers, and damages the foundation of trade and economic cooperation between the two countries, the committee said in a statement quoted by Xinhua news agency.
China has also placed 15 U.S. companies on the export control list. They include Leidos, Gibbs&Cox, IP Video Market Info, Shield AI, Group W, General Atomics Aeronautical Systems and General Dynamics’ unit General Dynamics Land Systems.
Also included on the list of untrustworthy entities are 10 U.S. companies, which will prohibit them from engaging in China-related imports or exports and making new investments in the country. The names are TCOM, Stick Rudder Enterprises, Teledyne Brown Engineering (a unit of Teledyne Technologies), Huntington Ingalls Industries, S3 AeroDefense, Cubic Corp., TextOre, ACT1 Federal, Exovera and Planate Management Group. Last month, fashion brand owner PVH Corp. and biotech company Illumina Inc. made the list.
US President Donald Trump has ordered a halt to all military aid to Ukraine, days after he and Ukrainian President Volodymyr Zelenskyy clashed during a meeting at the White House, Bloomberg reports.
According to a senior Defense Department official, the United States will suspend all current military assistance to Ukraine until Trump decides that the country’s leaders have demonstrated a good faith commitment to peace.
The official said that all U.S. military equipment not currently in Ukraine would be suspended, including weapons in transit on airplanes and ships or waiting in transit zones in Poland.
According to the source, Trump ordered Pentagon Chief Pete Hegseth to pause.
Bloomberg notes that the US president is pushing for a quick deal to end the war that has been going on for three years. But when Zelenskiy demanded security guarantees in the Oval Office last week that Russia not violate the agreement, Trump angrily told him to come back when he was ready for peace.
This, in turn, has forced European allies to rush to develop plans to supply Ukraine with weapons as well as peacekeepers as part of the deal. However, Europe lacks many other weapons and capabilities that the United States currently provides. Allied officials have said that the arms supplies are likely to last only until the summer.
The newspaper writes that it is not yet clear to what extent Trump’s order will affect the amount of aid. He took office with $3.85 billion of money left over from the previous administration in the form of the so-called Presidential Authorization for the Reduction of
US Stockpiles. It is unclear whether the Trump administration will actually use this money for Ukraine, especially given that the US stockpile of weapons is running low and needs to be replenished.
Also, Monday’s decision goes beyond simply cutting off funding, but jeopardizes aid that is already being delivered or in progress. This includes the delivery of critical munitions, hundreds of guided missile systems and anti-tank weapons, and other capabilities.
Termination of existing contracts with industry may also require the US to pay some form of break fee to companies that have begun fulfilling orders.
The US and Ukraine were supposed to sign a deal that would have allowed the US to get a significant share of future revenues from Ukraine’s natural resources, but after Friday’s meeting, the deal appears to have fallen apart, according to Bloomberg.
Meanwhile, the White House confirms the cancellation of military aid to Ukraine, CNN reports.
“The president has made it clear that he is focused on peace. We need our partners to be committed to that goal as well. We’re suspending and reviewing our assistance to make sure it’s contributing to a solution,” the White House official said.
Another official said the pause would apply to all military equipment not already in Ukraine.
The pause is a direct response to what Trump sees as Zelenskiy’s bad behavior last week, the official said. They noted that the pause could be lifted if Zelenskiy demonstrates a renewed commitment to negotiations to end the war in Ukraine.
Dynamics of import of goods in January-October 2024 by the most important items in relation to the same period of 2023, %
Source: Open4Business.com.ua
