Ukraine: Rotterdam+ coal scheme dangerous

Prosecutor General of Ukraine Yuriy Lutsenko has said the Rotterdam+ scheme is dangerous and has called on Verkhovna Rada deputies to enact a law regulating payments for coal imports. “As for the coal issue: if previously funds were pilfered via special schemes involving budget payments to mines, today there exists an even more dangerous scheme…

Ukraine: Dneprometiz gets new SB chairman

The director of Metiz subsidiary, the general manager of Severstal-Metiz (Russia) Sergey Kovryakov has been elected the chairman of the supervisory board of Dneprometiz. According to the company statement, Lilia Dubovichenko, the deputy chief accountant of Dneprometiz, has been elected the chairwoman of the revision committee. The shareholders have also revoked the supervisory board of…

Russia: Severstal-Metiz saves 35 million rubles in 2016

In 2016 Severstal-Metiz saved 35 million rubles due to streamlining its operation. According to the company statement, last year employees submitted over 200 rationalizing suggestions, allowing to decrease manufacturing expenses and prime cost. The highest result was obtained thanks to modernization of equipment and tools, as well as the change of key products manufacture techniques.…