Russia: Nornickel to pay $1.8 billion of dividends for H1 2018

An extraordinary shareholders meeting at Norilsk Nickel decided to pay 776.02 rubles of dividends per ordinary share (some $11.37) for the first half of 2018.

The total amount of funds to be paid as dividends is 122.8 billion rubles (around $1.8 billion). (Ukrainian metal)

EEU: stainless steel pipes from China to remain under import duties

The Eurasian Economic Committee suggests prolonging the current antidumping duties against Chinese seamless pipes of stainless steel for 5 more years. The duties target seamless, cold-drawn or cold-rolled ferrous pipes, tubes and hollow sections of corrosion-resistant steel manufactured by Chinese companies and imported to the territory of the EEU from China and Malaysia. The current…

Ukraine: AMKR CEO on main reasons affecting investment climate

Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih and member of the Board of European Business Association (EBA) Paramjit Kahlon mentioned five main challenges foreign investors faced with in Ukraine in his opinion. “First thing required for stable performance of big international companies is investor-friendly attitude within the whole period of their activity. They should…

Ukraine: miners want minister Nasalik fired

Miners plan to hold a strike demanding from the authorities, among other things, the dismissal and criminal prosecution of the minister of energy and coal industry Igor Nasalik. “The miners are prepared to march to Kiev in a week. They are making addresses to members of the parliament and the prime minister”, a parliament member…

Ukraine: scrap exports down in August 2018

In August Ukraine imported $2.849 million worth of ferrous scrap, up by 53.2% YoY.

According to the State Fiscal Service, exports dropped by 66.1%, to $5.826 million.

Ukraine mostly exported scrap to Turkey ($5.504 million).

In January-August scrap exports grew by 69.9%, to $98.244 million, while imports by 57.1%, to $24.858 million. (Ukrainian metal)