Employees of ArcelorMittal Kriviy Rih went on strike. They demanded to speak with the CEO Paramjit Kahlon by Skype. But, according to administration, Kahlon was away in London. “Paramjit Kahlon suggested creating a working group by May 19 to settle the matter of the salary. Please, don’t politicize the situation”, the deputy CFO Igor Kublitsky…
Evraz Sukhaya Balka administration decided to suspend operation of its mines in order not to endanger its employees. Earlier some 300 miners from Yubileynaya and named after Frunze mines refused to return to the surface demanding the increase of the wages. “The strike threatens the operation of the enterprise, people could get hurt”, the administration…
Miners of Krivoy Rog Iron Ore Industrial Complex, ArcelorMittal Kriviy Rih and Evraz Sukhaya Balka are still striking, demanding the increase of salary. According to the chairman of the Independent Miners Union of Ukraine Mikhail Volynets, miners’ wives together with children and other relatives have blocked railroad and stopped sales. At AMKR over 300 miners…
On May 10 several hundreds of Evraz Sukhaya Balka miners did not return from underground. “The company is negotiating with them”, the press-service reported. “The medical service controls their health. Despite long delays in operation because of the lack of licenses to use subsoil, the company continues paying salary”. Since last September the mine has…
In January-March Severstal Distribution increased metal sales by 13% YoY, to 395 thousand tons. Because of the rolled metal price increase the company earnings rose by 71% YoY, to $225 million. “The steel market remains highly volatile. According to analysts, metal consumption in Russia this year will increase by 1.8%, in Northern Europe – by…
The Rusal Bratsk board of directors recommended its only shareholder Rusal to pay dividends for the first quarter of 2017 in the amount of 408.7 rubles per share. According to the company statement, the closing date of the shareholders registry entitled to receive dividends is May 22. The total amount of dividends is thus 2.25…
In the current washing season Plamya intends to get 450 kg of gold. Last year the company yielded 379 kg. The growth will be reached thanks to the third licensed site put into operation. In addition to Sildigir and Sygynakh in Yakutia, the company will also wash for gold in Komagin. According to the company…
Mechel-Service delivered the first batch of rebars for the construction of the Third Interchange Contour of the Moscow subway. The construction company received 560 tons of rolled metal. The Chelyabinsk Iron and Steel Works rebars are used in the construction of 6 stations: Delovoy Tsentr, Shelepikha, Khoroshevskaya, Khodyn Field, Petrovsky Park and Nizhnyaya Maslovka. (Ukrainian…
