The supervisory board of Zaporozhkoks has terminated the powers of the current CEO of the enterprise Vitaliy Litovka. The decision was taken at the meeting of the board on October 26. The last day in the office for Litovka, who has been the CEO since June 5, 2015, is October 31. The supervisory board has…
Miners of Lisichansk in Lugansk region have stopped the operation of all the 4 mines and blocked the road demanding their salary debts to be cleared. The Lisichanskugol miners started striking 11 days ago at the depth of 575 meters. On October 29 they started fulfilling their threats: they blocked the roads in the town…
The quota for all countries introduced by the European Commission in response to the 25% duty from US in 100 days has been 40-45% used on 11 items exported by Ukraine. As of October 26, the least used quota is that for cold-rolled flat rolled alloyed and unalloyed steel – 23.46% (309.451 thousand tons of…
On October 29 the state enterprises Selidovugol and Mirnogradugol received new management. At the former the acting CEO is now Sergey Pakhomov, and at the latter – Vitaly Sidorchenko. This was reported by Mikhail Volynets, chairman of the Independent Miners Union of Ukraine. “At the same time, the Ministry of energy and coal industry wanted…
ArcelorMittal intends to invest some $1.5 billion in the development of its Kriviy Rih plant. This year $400 million will be invested. In 2006-2017 investments totaled $4.5 billion. Earlier AMKR has completed the scheduled reconstruction of the blast furnace No. 7, and commissioned 450 open cars. (Ukrainian metal)
In January-September KAZ Minerals increased raw copper output by 12% YoY, to 216.8 thousand tons. According to the group statement, in Q3 output grew by 7% QoQ, to 77.2 thousand tons. Zinc manufacture in 9 months decreased to 38.3 thousand tons from 45.8 thousand tons last year. (Ukrainian metal)
The Ministry of industry and trade intends to link the state support to agriculture machine-building to the use of Russian aluminum from 2020. The ministry has prepared and published amendments to the rules of budget subsidizing of deals with agricultural machines. Now, in order to receive the state support, the manufacturers have to provide a…
In January-September the average time of ferrous metals scrap deliveries by railroad to metal works totaled 5.4 days, up by 16.4% YoY. At the same time, for the batches weighing up to 260 tons (77% of all deliveries) the delivery time was 5.62 days, up by 17.3%. The smallest increase (by 5.6%) was for the…
