The Verkhovnaya Rada of Ukraine has provided for 870 million UAH in the state budget-2017 under the state coal companies support program by partially compensating for the coal extraction expenses. Moreover, the construction of the Novovolynskaya No. 10 mine will get 150 million UAH, taking into account the previously given 20 million UAH. (Ukrainian metal)
In January-October Kazakhstan exported 87.3 thousand tons of steel pipes to Russia, up by 41% YoY. The result even exceeds the whole 2015 level by 8%. The average price of the pipes on the Russian-Kazakh border in October totaled $800.7 per ton, down by 8%. Pipes for oil and gas pipelines with the diameter of…
Danieli & C. Officine Meccaniche S.p.A (Italy) and Baku Steel Company (Azerbaijan) have signed an agreement to invest 1.225 billion euro into the creation of the new iron and steel complex of 5 works. “Sumgait will see the construction of 5 works in 3 years”, the economy minister Shakhin Mustafayev said. The project will create…
Robert Reisetbauer, a member of the supervisory board and the vice-president of the PriMetals Technology (Austria), has chaired a round table on the steel smelting reconstruction and the construction of the hot-rolled coils production complex at Zaporizhstal. He believes that the environment technologies applied at the project will meet the best practices. “We would use…
In December StalTrans intends to sell 2.6 thousand tons of metal wares, up by 11% MoM. According to the company statement, the main increase is expected in wire – by 16% MoM, to 1.6 thousand tons. Nail supplies will not change considerably and will total around 0.8 thousand tons. In January-November the company supplied 36…
Major Ukrainian ferroalloy companies (Nikopol and Zaporozhye Ferro Alloy Works), as well as Ordzhonikidze and Marganets Mining and Processing Works, all parts of the Privat Group, continue operating according to their manufacturing plans. Earlier due to the nationalization of PrivatBank the companies accounts were blocked. PrivatBank also managed Stakhanov Ferroalloys Plant, ZZF, MGOK and OGOK…
In late 2016 Severstal Distribution opened a new metal warehouse in Rostov region – in the city of Bataysk. The warehouse boasts the covered area of 1 thousand square meters with the 10-ton crane and the open area of 6500 square meters with two 15-ton cranes. The site will be used to sell metal to…
The Supreme Commercial Court of Ukraine has satisfied the cassation appeal of ArcelorMittal Kriviy Rih. According to the company statement, the court decision cancels the decision of the Dniepropetrovsk Commercial Court of Appeals, while the decision of the Commercial Court of the Dniepropetrovsk region that prohibited the prosecutors from claiming 72.69 million UAH of damage…