The debt to the miners of the state enterprise Novovolynskaya mine No. 1 is 3616 thousand UAH (for February, March and April). According to the chairman of the Independent Miners Union of Ukraine Mikhail Volynets, the mine owes 150 thousand UAH for energy carriers and some 50 thousand UAH for water supplies. Earlier the Yuzhnodonbasskaya…
Chelyabinsk Iron and Steel Works, a part of Mechel, demands the payment of 18.9 million rubles from Chelyabinsk Forge-and-Press Works, owned by the State Duma deputy Valeriy Gartung and his family, and has filed a claim to the arbitrary court. In February ChKPZ received two claims from ChMK for over 19 million rubles. (Ukrainian metal)
Because of the sales growth and to improve servicing Staltrans decided to increase stock capacity and open a new warehouse in Podolsk, Moscow region. The new warehouse will service the company customers in the Central district, as well as other Western parts of Russia. Staltrans also sells metal wares directly from major works and from…
Employees of ArcelorMittal Kriviy Rih went on strike. They demanded to speak with the CEO Paramjit Kahlon by Skype. But, according to administration, Kahlon was away in London. “Paramjit Kahlon suggested creating a working group by May 19 to settle the matter of the salary. Please, don’t politicize the situation”, the deputy CFO Igor Kublitsky…
Evraz Sukhaya Balka administration decided to suspend operation of its mines in order not to endanger its employees. Earlier some 300 miners from Yubileynaya and named after Frunze mines refused to return to the surface demanding the increase of the wages. “The strike threatens the operation of the enterprise, people could get hurt”, the administration…
Miners of Krivoy Rog Iron Ore Industrial Complex, ArcelorMittal Kriviy Rih and Evraz Sukhaya Balka are still striking, demanding the increase of salary. According to the chairman of the Independent Miners Union of Ukraine Mikhail Volynets, miners’ wives together with children and other relatives have blocked railroad and stopped sales. At AMKR over 300 miners…
On May 10 several hundreds of Evraz Sukhaya Balka miners did not return from underground. “The company is negotiating with them”, the press-service reported. “The medical service controls their health. Despite long delays in operation because of the lack of licenses to use subsoil, the company continues paying salary”. Since last September the mine has…
In January-March Severstal Distribution increased metal sales by 13% YoY, to 395 thousand tons. Because of the rolled metal price increase the company earnings rose by 71% YoY, to $225 million. “The steel market remains highly volatile. According to analysts, metal consumption in Russia this year will increase by 1.8%, in Northern Europe – by…