Deputy Prime Minister of Ukraine Volodymyr Kistion says Ukraine in 2017 almost halved consumption of anthracite coal whose stocks in Ukraine are insufficient, having used 4.8 million tons of anthracite at its thermal power plants. “In 2017 Ukraine consumed slightly more than half of anthracite coal compared to 2016. If in 2016 we burnt 8.9…
In 2017 Ukrainian metal works purchased 2.83 million tons of scrap, down by 12.7% YoY. Scrap covered only 90% of the need. The average usage of purchased scrap was 133 kg per 1 ton of steel. At the same time exports of scrap in 2017 increased by 78.5% YoY, to 486.5 thousand tons. The major…
At a meeting on January 16 directors of NLMK Group resolved to convene an Extraordinary Shareholder Meeting on March 12 to elect a new president (CEO) and chairman of the management board. The EGM will be held by absentee ballot. The date upon which the shareholders entitled to participate in the EGM will be determined…
S&P Global Ratings has assigned its “B-” long-term corporate credit rating to Metinvest B.V., the holding company of a group of mostly Ukraine-based vertically integrated steel and mining assets, the outlook is stable, reads a report on the rating agency’s website. “Metinvest, with operations in Ukraine and abroad, is a midsize producer with steel capacity…
