Ukraine: Zaporizhstal replaces CFO

Sergey Rozhok has been appointed the financial director of Zaporizhstal. Previously he has worked for PWC and Syngenta. According to the company statement, his task is to improve operational efficiency of the enterprise, strengthen the company positions on the market and continue implementing the program of environmental modernization. Natalia Mikhayskaya, who has been acting financial…

Ukraine: 5 million UAH worth of illegal coal detained in Lugansk region

The employees tax police of the State Fiscal Service have seized 1.8 thousand tons of illegally mined coal valued at over 5 million UAH.

The coal has been seized and arrested under the criminal case on the illegal mining on the territory of Lugansk region.

The investigation is underway. (Ukrainian metal)

Russia: Severstal discusses Yakovlevo GOK with Belgorod region

Chairman of Severstal Alexei Mordashov and the governor of the Belgorod region Yevgeniy Savchenko have discussed issues of the development of Yakovlevo Mining and Processing Works. Mordashov presented the development program for 2018-2023, which presupposed the increase of ore output more than 5-fold, from 878 thousand tons to 5 million tons. This year the output…

Ukraine: scrap prices to grow in October 2018

The state enterprise Ukrpromvneshekspertisa believes in October average ferrous scrap prices will grow by 3-5.8% MoM, to 6.9-7.3 thousand UAH per ton. In August the actual average scrap price was 6.6-7.1 thousand UAH per ton. In September the price was expected to total 6.7-6.9 thousand UAH per ton, and in November it is expected at…

Russia: NLMK shareholders approve Q2 2018 dividends

At the Extraordinary General Shareholders’ Meeting (EGM) held on September 28 NLMK shareholders approved the payment of Q2 dividends of 5.24 rubles per share.

The date upon which the shareholders entitled to Q2 dividends would be determined was set as October 12.

H1 dividends will amount to 10.97 rubles per share. (NLMK/Ukrainian metal)

Ukraine: environmental equipment is under AMKR special control

PJSC ArcelorMittal Kriviy Rih has completed almost all capital repairs of aspiration systems and GCPs planned for 2018. Vladislav Bashinskiy, Director of Central Repair and Maintenance Department (CRMD), described the most large-scale repairs. – First of all, please, tell us how the plant determines, which environmental facilities require repair? – For this purpose a system…