Russia: Mechel-Service sales up in January-July

In January-July Mechel-Service increased metal sales from warehouses by 2% YoY. “In 7 months of 2016 we shipped 852 thousand tons of products, this year – 871 thousand tons. Our sales network has expanded: we have opened a site in Biysk. Soon our subsidiaries will appear in Izhevsk and Volgograd”, the company CEO Leonid Polyansky…

Russia: Nornickel unveils new corporate website

Nornickel has launched its new corporate website, now operating on two domains – www.nornickel.ru and www.nornickel.com, for Russian and English speakers, respectively. The new website is intended to enable users to develop consistent understanding of the company’s strategy, corporate governance principles, values and sustainable development policy. The new resource will help streamline the interaction with…

Ukraine: coal output down in January-August 2017

Production of thermal and coking coal in Ukraine declined by 9.2% YoY in January-August, to 23.606 million tons, according to the Ukrainian Energy and Coal Industry Ministry’s press service. State-owned mines alone produced 3.1 million tons of coal of the total output, while coal production at the state mines fell by 20% over the period…

Ukraine: Donetskstal debts at $1 billion

According to some sources the debts of the Donetskstal Group to the banks could reach $1 billion.

Creditors have doubts as to the company financial reports.

Among the largest creditors is ING Bank NV, the Ukrainian subsidiary of Sberbank, VTB Bank, Alfa-Bank, Delta Bank, etc. (Ukrainian metal)

Ukraine: EMSS not to go bankrupt

The commercial court of Donetsk region has refused to open a bankruptcy case against Energomashspetsstal on the demand of the national energy company Naftogaz Ukrainy. The claim was submitted by the Naftogaz daughter company – Gaz Ukrainy. On April 22, 2015 the commercial court of Zaporozhye region ruled to recover over 12 million UAH from…