Ukraine: AMKR fires Chugh

On July 15, ArcelorMittal Kriviy Rih dismissed Davinder Chugh from the office of the supervisory board member.

According to the company statement, Chugh has been in this office for 2 years and has resigned. (Ukrainian metal)

Ukraine: Zaporozhogneupor to buy raw materials in Japan

Supervisory board of Zaporozhogneupor has given its preliminary consent to buy magnesite and graphite valued at 142.5 million UAH from Minmetals Japan Corporation.

The corresponding decision was taken on July 15. (Ukrainian metal)

Ukraine: steel output down in June 2016

In June Ukraine produced 1830 thousand tons of steel, down by 20.7% MoM, or by 477 thousand tons.

In January-June steel manufacture went up by 10.4% YoY, or by 1168 thousand tons, to 12417 thousand tons. (Ukrainian metal)

Ukraine: Metinvest approves of new financial director

Supervisory board of the Metinvest group has appointed Julia Dankova the financial director.

Previously Dankova was the acting financial director. Alexei Kutepov, financial director since August 2013, resigned in winter 2016. (Ukrainian metal)

Ukraine: PGOK sees Germany, Austria, South Korea and Japan as priority markets

Poltava Mining and Processing Works believes that Germany, Austria, South Korea and Japan are its priority sales markets.

According to the company chairman Victor Lotous, it plans to sell 65% Fe content pellets there. Last year PGOK exported 11494 thousand tons of iron ore pellets. (Ukrainian metal)

Ukraine: coke output down in June 2016

In June Ukraine produced 921 thousand tons of 6% moisture bulk coke, down by 18.6% MoM, or by 210 thousand tons.

In January-June coke output increased by 23.4% YoY, or by 1255 thousand tons, to 6496 thousand tons. (Ukrainian metal)

Ukraine: PGOK to invest $50 million in development

Poltava Mining and Processing Works plans to invest some $50 million into development.

In 2015 the company had to stop its investment program as to the capacity increase, with the cost of maintenance projects being $50 million. This year PGOK intends to keep its investments on the level of 2015. (Ukrainian metal)

Ukraine: pig iron output down in June 2016

In June Ukraine produced 1765 thousand tons of pig iron, down by 21.4% MoM, or by 481 thousand tons.

In January-June pig iron output increased by 17% YoY, or by 1731 thousand tons, to 11927 thousand tons. (Ukrainian metal)

Ukraine: rolled metal output down in June 2016

In June Ukraine produced 1536 thousand tons of rolled metal, down by 23.3% MoM, or by 467 thousand tons.

In January-June rolled metal output went up by 11.1% YoY, or by 1086 thousand tons, to 10850 thousand tons. (Ukrainian metal)

Ukraine: AzovElectroStal reelects CEO

AzovElectroStal has reelected Alexei Popov the general manager of the company. According to the company statement, his office has been prolonged from July 14 for a year. On July 9, AzovElectroStal has dismissed Yuri Serdyuk from the office of the general manager. Previously Popov worked as the finance director deputy, chief economist of Azovmash. In…

Russia: Rusal sells plant in Jamaica to JISCO

Rusal, one of the world’s largest aluminum producers, has signed an agreement to sell 100% in the bauxite and alumina complex Alpart in Jamaica to Chinese state industrial group JISCO, the company said in a press release. The cost of the transaction amounts to $299 million. The deal is undertaken within the program of Rusal’s…