Ukraine: SPF confirms fulfillment of privatization obligations by AMKR

State Property Fund of Ukraine (SPFU) has confirmed the fulfillment of investment obligations by ArcelorMittal Duisburg Beteiligungsgesellschaft mbH (owner of 95.13% shares of ArcelorMittal Kriviy Rih) in 2016 according to Sale and Purchase Agreement. SPFU conducted the inspection at ArcelorMittal Kriviy Rih on February 7-10. This is the 18th inspection of SPFU conducted directly at…

Ukraine to increase coal output in 2017

Ukraine’s coal production is expected to increase by 60-80%, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has stated. “I look at the development of coal industry with optimism. We have set a task to increase coal production by almost 60-80%, and we will achieve this result by joint efforts,” Nasalyk said. According to him,…

Russia: VIZ-Stal puts new machinery into operation

VIZ-Stal, a part of NLMK, has completed the first stage of transformer rolled metal thermal treatment machinery modernization. In particular, 8 new stands of bell furnaces have replaced outdated machinery, improving the reliability of the furnaces and decreasing expenses. Within the first stage of the modernization program 7% of all the stands at VIZ-Stal have…

Russia: Izhstal deliveries to Belarus up in 2016

In 2016 Izhstal, a part of Mechel, increased deliveries to Belarusian MAZ by 71% YoY. Supplies to Spetsagro increased by 96%. Shipments to other major Belarusian companies also increased. In 2016 exports totaled 7.5% of Izhstal output. The company exported to 21 countries. Major importers were Belarus, Belgium, Kazakhstan, USA, Germany and France. Alloyed steel…