In 2017 Ukraine could decrease steel output to 17-19 million tons. According to Metinvest marketing director Roman Kurashev, 3 works on the uncontrolled territory have been shut down, and Dneprovsky Iron and Steel Works experiences coke shortage. “Because steel output will decrease, exports will drop as well”, he said. In 2016 Ukraine exported 17.3 million…
Because of the shut down of several enterprises Metinvest had to reorient a considerable amount of its iron ore raw materials to China. “Because of the blockade and the loss of control over 4 major metal enterprises, some companies had to be shut down. So we had to ship more raw materials to China. We…
As of March, Ukraine remained on the 11th position among 67 steel producers from the World Steel Association. Ukraine produced 2.105 million tons of steel in March, down by 4.5%, while Italy increased output by 9.5%, to 2.232 million tons, thus securing the 10th position. In CIS steel production increased by 4% in March, to…
Kazzinc, JSC Zhairem Mining and Processing Integrated Works and administration of Karaganda region have signed a memorandum of mutual cooperation for 2017. In order to settle the key problems outlined by the president in the country’s program documents, Kazzinc has allocated 1,265,076,000 tenge for the implementation of social projects in Zhairem urban-type settlement of Karaganda…
Only one company – Vertex Gold – exports gold ore from Kyrgyzstan, Head of the State Committee for Industry, Energy and Subsoil Use Duishenbek Zilaliyev stated at the meeting of the Committee on Constitutional Legislation, State Structure, Judicial, Legal Issues and Regulations of the Parliament of Kyrgyzstan. According to him, the export of ore issue…
Metinvest mining and metallurgical group on April 24, paid bonuses for supporting Eurobond restructuring, the group said on the website of the Irish Stock Exchange (ISE). The press service of Metinvest reported that the amount of payment was about $9 million. In late May 2016, Metinvest and the creditors’ committee agreed Eurobond restructuring and PXF…
The Eurasian Economic Commission (EEC), an executive body of the Eurasian Economic Union (EAEU), has launched a second antidumping investigation of imports of cold-rolled stainless seamless pipes from China, the commission said in a statement. The investigation was launched on request from Chelyabinsk Pipe Works (ChelPipe), Pervouralsk New Pipe Plant, and TMK-INOX, a subsidiary of…
Rusal intends to attract the VEB financing to the project of the new manufacturing complex construction at Khakassk Aluminum Works. “We envision VEB financing at 70 by 30. The total cost of the project is 130 billion rubles, it will be constructed in stages”, Rusal CEO Vladislav Soloviev said. “We want KhAZ 2 to produce…