Zaporozhkoks, one of Ukraine’s largest coke producers and a member of Metinvest Group, reduced its blast furnace coke production by 3% year-on-year to 209.7 thousand tons from 214.8 thousand tons in January-March this year.
According to the company, it produced 74.1 thousand tons of coke in March, while in the previous month it produced 61.2 thousand tons.
As reported, Zaporozhkoks increased its blast furnace coke production by 2.1% in 2024 compared to 2023 – 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.
A Ukrainian woman has won the individual all-around at the opening round of the World Cup in rhythmic gymnastics in Sofia, the National Olympic Committee of Ukraine has announced.
From April 4 to 6, the Bulgarian capital Sofia is hosting the opening stage of the World Cup in rhythmic gymnastics as part of the new competition season. Ukraine is represented at the tournament by two gymnasts in the individual competition and the national team in group exercises.
Taisiya Onofriichuk, a participant of the Paris Olympics, won the individual all-around. She was 3.8 points ahead of her closest rival from Bulgaria and won a gold medal at the World Cup for the first time in her career.
This is the 16-year-old Ukrainian’s fourth consecutive victory in the all-around this season, having previously won gold three times at the Grand Prix.
Chinese Foreign Ministry spokesperson Guo Jiakun said in a Facebook post on Saturday that “the market has spoken” after the US announced new trade tariffs.
“The trade and tariff war that the United States has launched against the whole world is unprovoked and unjustified,” he said.
Guo Jiakun called on the United States to stop “doing the wrong thing” and resolve differences with trading partners through equal consultations.
This follows US President Donald Trump’s announcement of “reciprocal” tariffs on goods from 185 foreign trading partners of the United States, including 34% duties on Chinese goods. In response to this step, China decided to impose additional duties on American goods in the amount of 34%, which will take effect on April 10.
Insurance company Busin (Kyiv) in 2024 collected UAH 397.5 mln of gross premiums, which is 35.6% more than in 2023. This was reported by Standard-Rating in the information on updating of credit rating/rating of financial stability of the insurer at the level of “uaAA+” according to the national scale on the basis of the analysis for the outlined period. At the same time receipts from reinsurers have decreased by 26,64% – to UAH 31,677 mln.
Insurance payments sent to reinsurers for 2024 compared to 2023 have increased by 55,20% – up to UAH 301,021 mln. Thus, the ratio of reinsurers’ participation in insurance premiums has increased by 9.59 p.p. – up to 75,73%.
The company’s net premiums for 2024 amounted to UAH 96.457 mln, while net earned premiums amounted to UAH 40.325 mln.
Last year the company paid to its clients UAH 32,304 mln of insurance payments and indemnities, which is more than 24 times higher than the volume of insurance payments for the same period of 2023. Thus, the level of payouts increased by 7,68 p.p. – up to 8,13%.
Assets of the insurer on January 1, 2025 have decreased by 7,22% – to UAH 291,385 mln, shareholders’ equity has decreased by 19,94% – to UAH 157,908 mln, liabilities have increased by 14,26% – to UAH 133,477 mln, cash and cash equivalents have decreased by 0,35% – to UAH 253,783 mln.
IC Busin was registered in February, 1993. It specializes on risk types of insurance. It is a member of a number of professional and branch associations – League of Insurance Organizations of Ukraine, Insurance Payments Club, International Association of Aviation Insurers (UA), Nuclear Insurance Pool, American Chamber in Ukraine, British Business Club.
U.S. President Donald Trump on Saturday enacted 10% base tariffs on most imports, continuing his strategy of encouraging domestic investment and helping companies that seek to avoid import taxes, according to a Bloomberg report on Saturday.
Although the base duty is already starting to apply, for some countries the higher duties, which replace rather than add to the prime rate, will take effect April 9.
These new tariffs raised U.S. duties to the highest level in more than a century, dealing a major blow to the global trading system that emerged after World War II and which Trump has long called unfair, the publication reported.
The U.S. president’s statement sent U.S. stocks plummeting, with the S&P 500 index plunging to its lowest level in 11 months, losing $5.4 trillion in market value in just two trading sessions to end the week. It was the biggest two-day drop since the U.S. pandemic began in March 2020.
Afterward, Trump said he was willing to cut duties if other countries offered him something “phenomenal”.
Zaporizhzhia-based Zaporizhstal Iron and Steel Works increased its rolled steel output by 3.5% year-on-year to 636.7 thousand tons from 615.3 thousand tons in January-March this year.
According to the company’s press release on Wednesday, steel production for the period amounted to 748.4 thousand tons (731 thousand tons in January-March 2014), and pig iron production – 849.6 thousand tons (785.4 thousand tons).
In March, Zaporizhstal produced 296.6 thousand tons of pig iron (265.4 thousand tons in February), 270.1 thousand tons of steel (235.3 thousand tons) and shipped 226 thousand tons of rolled products (195.7 thousand tons).
As reported, in 2024, Zaporizhstal increased its rolled products 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, and 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.
