Business news from Ukraine

ZAPORIZHIA IRON ORE PLANT RAISES IRON ORE PRODUCTION

Zaporizhia Iron Ore Plant (Dniprorudne, Zaporizhia region) in January-July this year increased iron ore production by 7.5% compared to the same period last year, to 2.84 million tonnes (in January-July 2020 – some 2.642 million tonnes).
The company told Interfax-Ukraine that during this period, 2.705 million tonnes of products were shipped to consumers. At the same time, 423,000 tonnes of ore were mined in July, and 385,900 tonnes were shipped to consumers.
Zaporizhia Iron Ore Plant sells its products to metallurgical enterprises in Slovakia, the Czech Republic, Austria and Poland, as well as to Zaporizhstal metallurgical plant in Ukraine.
The main shareholders of the plant are Slovak company Minerfin, a.s. with 51.1697%, Zaporizhstal with 29.5193%, and Czech KSK Consulting, a.s. with 19.0632%.

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UKRAINE CUTS EXPORTS OF IRON ORE

Mining enterprises of Ukraine in January-July this year reduced exports of iron ore in kind by 3.5% compared to the same period last year, to 26.08 million tonnes.
According to statistics released by the State Customs Service on Wednesday, during the specified period, foreign exchange earnings from iron ore exports increased 2.15-fold, to $4.695 billion.
Iron ore was exported mainly to China (45.8% of supplies in monetary terms), the Czech Republic (9.47%) and Austria (8.09%).
In January-July 2021, iron ore was imported to Ukraine for $130,000 in a total volume of 1,134 tonnes, while in January-July 2020, 84 tonnes iron ore for $42,000 was imported.
In January-July 2021, iron ore was imported from Egypt (79.23%), Poland (10%) and Russia (3.85%).

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MAJOR BUYERS OF UKRAINIAN IRON ORE IN JAN-MAY ARE CHINA, CZECH REPUBLIC AND AUSTRIA

Mining enterprises of Ukraine in January-May this year reduced exports of iron ore raw materials (iron ore) in quantity terms by 1.8% compared to the same period last year, to 18.536 million tonnes.
According to statistics released by the State Customs Service on Wednesday, during the specified period, foreign exchange earnings from iron ore exports increased 2.1-fold, to $3.132 billion.
Iron ore was exported mainly to China (45.44% of supplies in monetary terms), the Czech Republic (9.41%) and Austria (8.36%).
In January-May 2021, iron ore was imported to Ukraine for $127,000 in a total volume of 1,130 tonnes, while in January-May 2020, iron ore was imported from the Netherlands for $28,000, from Sweden for $10,000, from Germany for $1,000 and from Hungary $1,000 in the total volume of 84 tonnes.
In January-May 2021, iron ore was imported from Egypt (81.75%), Poland (10.32%) and Chile (2.38%).

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INHULETS MINING INCREASES OUTPUT OF IRON ORE CONCENTRATE BY 4%

Inhulets Mining and Processing Plant (Kryvy Rih, Dnipropetrovsk region), part of Metinvest Group, in 2020 increased output of iron ore concentrate by 4% compared to 2019, to 12.858 million tonnes.
According to the audited consolidated financial results released by the company on Tuesday, work was carried out last year to modernize the transport infrastructure.
Completion of the construction of a new cyclical flow technology at Inhulets plant is planned in the second half of 2021.
The enterprise specializes in extraction and processing of ferruginous quartzites of Inhulets deposit, located in the southern part of the Kryvy Rih iron ore basin. It produces two types of iron ore concentrate with an iron content of 64.8% and 67%.
The production capacity is 14 million tonnes of iron ore concentrate per year.
Inhulets Mining and Processing Plant is part of Metinvest Group, the main shareholders of which are PrJSC System Capital Management (SCM, Donetsk, 71.24%) and the Smart-Holding (23.76%).
Metinvest Group’s management company is Metinvest Holding LLC.

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LONDON-LISTED FERREXPO UPS IRON ORE PELLET OUTPUT IN H1

Ferrexpo plc, whose main assets are Ukrainian iron ore producers Poltava and Yeristovo mining and processing plants, raised iron ore pellet production 4.6% year-on-year in H1, 2020, to 5.598 million tonnes, the company said in a press release.
Output of pellets with 65% Fe-content grew 7.1% year-on-year, to 5.5 million tonnes while output 62% Fe fell 54.4%, to 98,000 tonnes.
Ferrexpo did not produce pellets from third-party feedstock.
Pellet production rose 5.4% quarter-on-quarter in Q2, 2020, to 2.873 million tonnes, including 2.848 million tonnes of 65% Fe, up 7.4%, and 24,700 tonnes of 62% Fe, down 66.3%.
The company’s facilities “continue to operate with minimal impact on operations to date, and the company continues to closely monitor its workforce,” Ferrexpo said in a COVID-19 update. “The infection rate in the local communities surrounding the company’s operations remains low,” it said.
The London-listed Ferrexpo plc owns 100% of Ferrexpo AG, which owns 100% of each of Poltava Mining and Yeristovo Mining and 99.9% of Belanovo Mining. Ferrexpo’s main customers are steelmakers in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and the United States. Pellet production grew 0.8% to 10.519 million tonnes on 2019.

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MAIN BUYERS OF UKRAINIAN IRON ORE ARE CHINA, POLAND AND CZECH REPUBLIC

Mining enterprises of Ukraine in January-May 2020 increased the export of iron ore raw materials in natural units by 11.9% compared to the same period of 2019, to 18.875 million tonnes.
According to statistics released by the State Customs Service, foreign exchange earnings from iron ore raw materials exports increased by 5.7%, to $1.51 billion over that period.
Iron ore raw materials were exported mainly to China (58.06% of supplies in monetary terms), Poland (10.07%) and the Czech Republic (6.87%).
Iron ore raw materials imported to Ukraine from the Netherlands to Ukraine amounted to $28,000, from Sweden, to some $10,000, from Germany to some $1,000 and from Hungary to some $1,000 in a total volume of 84 tonnes over two months of 2020, while 45 tonnes of iron ore with cost of $24,000 were imported in January-May 2019.

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