Central Mining reduced ore delivery distance and diesel fuel costs

Metinvest Group’s Central Mining and Processing Plant has implemented an infrastructure project that has significantly reduced the cost of ore transportation. The company’s railroaders optimized two of the three routes for delivering raw materials to the crushing plant by building a new siding, according to a press release from Metinvest.Media.

Before the new scheme was implemented, the main route for ore transportation from Grekuvata station to the crushing plant was 7.9 km. Thanks to the new 0.7 km track section, the route was shortened by 5 km. This reduces annual diesel fuel consumption by 489 tons, which is equivalent to more than UAH 25 million at current prices.

According to Andriy Brykovets, head of the production bureau of the railway transport department of the Central Mining and Processing Plant, the project lasted about two months. As part of the work, the track development scheme was reconstructed, an embankment and an overpass for unloading ore were built. The overpass connected the Unloading and Grekuvata-Promyslova stations.

The project has a quick payback period of just 1.4 months and has already started to bring economic benefits to the company.

Over the past year, Central Mining has been increasing its production capacity and ended the year at almost 100% capacity utilization. In particular, the Kolachevsky mine reached its planned productivity. In addition, the company actively worked to reduce energy intensity and production costs by introducing innovative energy-efficient technologies.

  • Companies

Worthington Steel has completed the acquisition of Klöeckner

The US-based Worthington Steel has completed its voluntary public takeover bid for Klöeckner & Co…

Thursday June 4, 2026
  • Companies

Voestalpine forecasts a rise in profits amid new EU protective measures

Austrian steel producer voestalpine expects profits to rise in the 2026/2027 financial year against the…

Wednesday June 3, 2026
  • Global Market

Billet prices rose by $10–20 per ton in regional markets in May

In most regional billet markets, prices rose slightly in May—by $10–20 per ton. The Gulf…

Wednesday June 3, 2026
  • Global Market

Iron ore prices fell by 3% in May

Iron ore prices (KORE 62% Fe/Qingdao) began to decline in late May–early June 2026 following…

Wednesday June 3, 2026
  • Industry

Ukraine increased imports of long steel products by 56.6% y/y in January–April

In January–April 2026, the long steel market in Ukraine saw a significant increase in imports—up…

Wednesday June 3, 2026
  • Industry

Railway disruptions pose risks for German steelmakers

German steelmakers have warned that prolonged disruptions in rail freight transport threaten the supply of…

Wednesday June 3, 2026