Ukraine: Interpipe to raise wages

Despite 2 years of war, Interpipe will raise wages to its employees from March. On average, salary will grow by 20%. Last time Interpipe increased wages was last year. On March 1, 2023, wages grew by 15% on average. Interpipe employs around 10 thousand people. In 2023, the company paid 4.4 billion UAH to the…

Kazakhstan: scrap export to be banned

Kazakhstan has imposed a ban on the export of ferrous metals scrap and wastes via the railroad border points of Zhaisan (Aktyubinsk region), Aksu (Kostanay region) and Auyl (Abai region). The decision was taken due to the shortage of raw materials for the domestic processing enterprises and the imposition by neighbouring countries of scrap exports…

Russia: prosecutors want to nationalize three ChEMK metal plants for exports to U.S.

The General Prosecutor’s Office of Russia has demanded to transfer three plants of Chelyabinsk Electrometallurgical Works (ChEMK) to the state ownership, the products of which are used by the military complex. The basis for the nationalization is cited as illegal privatization of the enterprises in the 1990s and exports to the USA. The claim was…