The enterprises of Metinvest mining and metallurgical group in the territories of Donetsk and Luhansk regions, temporarily uncontrolled by Ukrainian authorities, have announced the cancellation of all the letters of attorney they issued earlier. According to the announcement, the letters of attorney were canceled by PJSC Yenakievo Iron and Steel Works, PJSC Khartsyzsk Pipe Works,…
The Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of slag valued at 31.54 million UAH. By the end of the year the company will have supplied 137199 tons of granulated blast furnace slag to produce cement to Ingulskaya and Smolinskaya mines at 230 UAH per ton. In October…
In 2016 ArcelorMittal Kriviy Rih sold 6.1 million tons of metal, up by 13% YoY. According to the company CEO Paramjit Kahlon, 87% of metal was exported and the rest – 850 thousand tons – sold on the local market. The main export markets for AMKR are Egypt, Iran, Turkey as well as Northern and…
In January-February Russian output of copper concentrates remained flat YoY. According to the Federal Service of State Statistics, in February copper concentrate production dropped by 7.3% YoY and by 5.6% MoM. (Ukrainian metal)
In 2016 Azovstal Iron and Steel Works, a part of Metinvest, received 558.417 million UAH of net profits, as opposed to 1835.472 million UAH of losses in 2015. According to the company statement, its current liabilities increased by 33%, to 24.95 billion UAH, fixed liabilities – by 25.5%, to 4.819 billion UAH. At the same…
When the second stage of the Kamensk-Uralsky Iron and Steel Works rolling complex is put into operation the company will be able to finish the realization of one of the largest projects in the world on the production of semi-finished products of aluminum alloys. The local authorities granted 74 million rubles from the regional budget…
According to the Federal Service of State Statistics, in January-February Russia produced 8.8 million tons of steel and semi-finished products of unalloyed steel. Pig iron output reached 8.5 million tons. Russia also produced 8.8 million tons of rolled metal, up by 1% YoY. Steel pipes, sections and fittings production increased by 13.8%, to 0.951 million…
Metinvest-PromService LLC, created on the basis of the repair subdivisions of Azovstal, Mariupol Ilyich Iron and Steel Works and Yenakievo Iron and Steel Works, all parts of Metinvest, announced of its decision to open a subsidiary in Zaporozhye to service local assets. According to the company CEO Mikhail Rubtsov, because of the railroad blockade the…