As of September 21, salary debts to the employees of the state coalmining companies have reached 550 million UAH, according to the energy and coal industry minister Igor Nasalik. He added that without 1 billion UAH planned in the state budget for 2017 it would be impossible to stabilize salary payments next year. (Ukrainian metal)
Shareholders of Zaporozhye Iron Ore Complex have renewed its supervisory board, having dismissed three out of four members and replacing legal entities with individuals. According to the company statement, Minerfin A.S., owning 51.1698% of the company shares (Slovakia), KSK Consulting A. S. (19.0632%, Czech Republic) and the former Zaporizhstal commercial director Vladimir Bayda have left…
Month Russian market, $/t, EXW, without VAT, $1/RUR67.05* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.798* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max June 227 227 247 285 230 280 235 280 July 227 227 240 256 235 253 238 253…
Asha Iron and Steel Works has completed the repairs at its electric furnace shop No. 2 with the replacement of the electric arc furnace hearth. The hearth has served for over 700 smeltings. To replace the hearth lining 100 tons of refractory bricks will be needed. Next time the EAF will be stopped for the…
Igor Kublitsky, the deputy financial director-chief accountant of ArcelorMittal Kriviy Rih has been appointed acting financial director-chief accountant. According to the company official information, the previous acting financial director-chief accountant Pavel Zadorozhny, who has been in the office for a month, has been dismissed. Kublitsky has been appointed from September 20, 2016 till June 30,…
In August Ukraine produced 74 thousand tons of steel pipes, up by 7.2% MoM, or by 5 thousand tons. In January-August steel pipes output decreased by 4.9% YoY, or by 28 thousand tons, to 541 thousand tons. (Ukrainian metal)
In August Ukraine produced 1961 thousand tons of pig iron, down by 5.5% MoM, or by 114 thousand tons. In January-August pig iron manufacture increased by 14.3% YoY, or by 1999 thousand tons, to 15963 thousand tons. (Ukrainian metal)
ArcelorMittal Kriviy Rih paid 4.8 million UAH of the share contribution for the development of city infrastructure. Since 2008 AMKR has concluded 63 agreements of share participation with Kriviy Rih City Council. All the costs in full will be transferred to local budget for development of engineering-transport and social infrastructure of Kriviy Rih in correspondence…