Because of the railroad accident on the Volnovakha-Karan route, Mariupol Ilyich Iron and Steel Works will not produce 11 thousand tons of pig iron. “Minus 3 trains with raw materials through Kamysh-Zarya route on April 8, minus 8 trains today, this means we will lose 11 thousand tons of pig iron in production (around $4…
Moody’s international ratings agency has improved Ferrexpo plc corporate rating from Caa3 to Caa2. Default risk rating has been increased from Caa3-PD to Caa2-PD, while its bonds from Caa3 to Caa2. The outlook on all ratings is stable. In 2016 Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, received $189.2 million of net…
Mariupol Ilyich Iron and Steel Works has finished the capital repairs of its blast furnace No. 3. “In 12 days all the repair work has been successfully completed”, the company CEO Yuri Zinchenko wrote on his Facebook page. The repairs will allow the blast furnace to reach its maximum capacity – 3450 tons of pig…
PJSC ArcelorMittal Kriviy Rih hosted the meeting devoted to development of strategic approaches for improvement of the ecosystem of Ingul river basin within the Program to support the green modernization of the Ukrainian economy being implemented by German Society for International Cooperation “GIZ”. The main objective of the informative meeting was to find the efficient…
PJSC ArcelorMittal Kriviy Rih obtained a patent of Ukraine for elaborated method of practical use of steelmaking by-products in agriculture. Copyright protects the method of steelmaking slag usage as a fertilizer (ameliorant) for deoxidization of acidic soils and increase of harvest level of various agricultural crops. Development and application of a new method of soils…
The military Prosecutor General’s Office of Southern region of Ukraine has proposed to the Economic Development and Trade Ministry of Ukraine to impose sanctions on Ukrainian Chemical Products (earlier Crimean Titanium, a part of Dmytro Firtash’s Group DF) in the form of temporary suspension of foreign economic operations, the ministry has reported on its website.…
Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies (“Metinvest”), announces that following the successful debt restructuring completed in March, international rating agencies Moody’s Investors Service (“Moody’s”) and Fitch Ratings (“Fitch”) have both upgraded Metinvest’s credit ratings to ‘Caa2’ (‘stable’ outlook) and ‘B’ (‘stable’ outlook), respectively. According to a…
The Russian government’s commission for foreign investment control has approved the purchase of rights by CIS Mining Development Ltd to manage the Mikheyevsky ore processing facility, Andrei Tsyganov, a deputy director of the Federal Antimonopoly Service, reported. “The second deal is a purchase by CIS Mining Development Limited of rights that allow it to define…