The Ministry of finances of India has imposed a 5-year antidumping duty on some types of cold-rolled metal originating or imported from Ukraine, China, Korea or Japan. The duty is the difference between the landed value and $576 per ton. The antidumping investigation was initiated by the leading Indian metal makers, in particular, Essar Steel,…
Paramjit Kahlon, Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih, announced the increase of the employees’ salary up to 70% from May 1. Salary increase is planned for the employees of core professions involved in production processes: – salaries below 5 000 UAH will be increased by 60-70%; – salaries in the range of 5…
Mariupol Ilyich Iron and Steel Works continues to develop the range of galvanized structural steel coils. In Q1 it mastered the production of zinc-coated rolled steel of SS Grade 50 according to American standard ASTM A653/A653M. This product has the guaranteed strength properties and is used for the production of formed Z-, C-, Sigma- and…
In June Ukrainian metal companies intend to produce 1.6 million tons of steel, 1.5 million tons of pig iron and 1.4 million tons of rolled metal, provided the situation does not change. According to Ukrmetallurgprom forecast, in May Ukraine has to produce 1.6 million tons of pig iron, 1.8 million tons of steel and 1.6…
Several dozen workers of a Siberian gold mine belonging to gold producer Uzhuralzoloto agreed to end their strike after a promise to increase wages, a Labor Ministry official said on May 18. “A decision to raise coefficients from 0.3 to 0.7 to rippers and to 0.5 to time workers was taken during negotiations with the…
Central Mining and Processing Works, a part of Metinvest, will pay 1.665 billion UAH of dividends for 2016 from 2218.888 million UAH of net profits. The dividends will be paid from June 4 through October 18. Last year CGOK increased net profit 3.2-fold YoY, to 2218.888 million UAH. Its undistributed profit in late 2016 was…
In January-April Ukraine decreased coking coal output by 19.4% YoY, to 2.3 million tons. According to the Ministry of energy and coal industry, power-generating coal output went up by 1.1%, to 10.8 million tons. All in all in 4 months Ukraine mined 13.1 million tons of coal, down by 3.2% YoY. As of May 1,…
In January-April Azerbaijan produced 372.1 kg of gold, down by 37.7% YoY. According to the State Statistics Committee, as of May 1 gold stocks reached 3.4 kg. Azerbaijan also produced 109.7 kg of silver, down by 5.7% YoY. As of May 1 silver stocks were 15.9 kg. (Ukrainian metal)