In May Ukraine exported $164.17 million worth of iron ore, while imports totaled $7.24 million. According to the State Fiscal Service, most imports came from China ($59.79 million). In January-May Ukraine exported $675.52 million, with imports at $46.45 million. (Ukrainian metal)
Supervisory board of ArcelorMittal Kriviy Rih has elected Davinder Chugh its chairman. Chugh worked as the AM board member responsible for Asia, Africa and CIS. He has been appointed for an indefinite time. (Ukrainian metal)
In May Ukraine produced 2307 thousand tons of steel, up by 5% MoM, or by 110 thousand tons. In January-May steel production increased by 14.5% YoY, or by 1337 thousand tons, to 10587 thousand tons. (Ukrainian metal)
Kramatorsk prosecutors have filed a claim against Kondratyevsky Refractory Works, situated in Druzhkovka, Donetsk region. According to the prosecutors press-service, the works haven’t been paying for subsidized pensions. Thus it has a debt of over 400 thousand UAH to the Pension Fund of Ukraine. Prosecutors want to get this money with the help of the…
In May Ukraine exported $19.4 million worth of ferrous metals, while imports reached $1.09 million. According to the State Fiscal Service, the largest importer of Ukrainian scrap in May was Turkey ($19.4 million). In January-May Ukraine exported $36.25 million worth of ferrous metals, with imports on the level of $2.87 million. (Ukrainian metal)
Ukrainian Association of Ferrous Metallurgy Companies (Ukrmet) and Metallurgprom have united into Ukrmetallurgprom. “There were two organizations in Ukraine that supported interests of the metal makers. They were Metallurgprom and Ukrmet”, said the Ukrmetallurgprom vice-president Dmitry Belokurov. Alexander Kalenkov was elected the president of the company. (Ukrainian metal)
Norilsk Nickel, a global nickel and palladium major, and BASF, a leader in the chemical industry, have made a joint statement regarding continuing their relationship based on the mutual exchange of ideas as well as information regarding market opportunities. As leaders in their respective industries, their joint purpose is to create innovative technologies that add…
NLMK closed its $700 million 7-year Eurobond offering with an annual coupon rate of 4.5%. Interest payments on the Eurobonds are payable semi-annually. The proceeds from the issue will be used to finance the purchase of existing notes due 2018 and 2019 in accordance with the terms and conditions of the tender offer announced May…