Pridneprovsk Railways, a part of Ukrzaliznytsia, considers the words of ArcelorMittal Kriviy Rih on the shortage of railroad cars an attempt to discredit and pressure the state transporting company. “We call unto the company management not to manipulate the corruption theme, but to seek for constructive and mutually beneficial ways to solve the problem”, the…
In 2017 Metinvest expects the steel consumption to slow down to 7% after a 26% jump in 2016. Next year the market will total 4.415 million tons against 4.122 million tons in 2016 and 3.269 million tons in 2015. Bars consumption will grow by 4% YoY, to 1.562 million tons, of shapes – by 17%,…
In January-November Ukrainian metal companies consumed 1.55 billion cubic meters of gas, down by 16% YoY. Average daily gas consumption totaled 4.6 million cubic meters against 5.5 million in January-November 2015. At the same time in November gas consumption increased by 10 million cubic meters MoM, to 155 million cubic meters. Average daily consumption totaled…
Ingulets Mining and Processing Works has paid 2.07 million UAH to the state budget for not keeping state assets. According to the State Property Fund, the local department checked the state property not taken from InGOK during privatization and kept by it. For not keeping 7 objects of the state property InGOK was fined for…
Interpipe has won a tender for the delivery of tyres to Ukrzaliznytsia (Ukrainian Railways). The auction was held on December 8, with two companies participating. “The expected price of tyres was over 44.5 million UAH, but thanks to the auction we were able to decrease it to 42 million. Another important aspect is that the…
ArcelorMittal Kriviy Rih has estimated its losses in January-June from the cooperation with Ukrzaliznytsia (Ukrainian Railways) on the level of 217 million UAH. “In 6 months we have lost 217 million UAH because of Ukrzaliznytsia. And Ukraine has lost 45 million UAH of taxes. Ukrzaliznytsia operation is damaging business”, the company CEO Paramjit Kahlon said.…
Norilsk Nickel Group and VDM Metals GmbH, the world’s leading producer of specialty steels and nickel alloys, announce a major 5-year contract for the supply of nickel. VDM Metals will use this nickel to manufacture high nickel content alloys for the oil and gas, chemical, petroleum, automotive and other industries. The contract was signed on…
On December 12, Lvivugol received 34 million UAH for products sold. “All this money will be spent to pay salary to miners. Thanks to this money, they will be paid 80% of their October salary”, the first deputy of the Lviv regional state administration chairman Rostislav Zamlinsky said. (Ukrainian metal)