Ukraine: VostGOK denied mining lease

The Kirovograd regional administration on May 19, refused to allow the Vostochniy Mining and Processing Works start mining operation within the territory of housing construction. The decision has been taken at the request of the Kropivnitsky mayor Andrey Raikovich. He was against allowing the company to work there, as it did not fulfill its social…

Ukraine: NPTZ to be wound-up

On the annual meeting on May 19, the shareholders of Nikopol South Pipe Works decided to wind-up the company. The issue has been suggested by a shareholder owning over 5% of shares. In February 2007 Interpipe purchased 96.6% of NPTZ for 352.614 million UAH. As of Q1 2016, 96.6% belonged to the Transportno-investitsionnye tekhnologii. Later…

Russia: rebars market forecast

According to Kraft group marketing department director Katerina Makeyeva, the stagnation on the rebars market will most likely persist for a month. The attempts to decrease prices by some trading houses are situational. Manufacturing works will not listen to traders and go on decreasing prices. Price fluctuations on market decrease are in the range of…