Ukraine: Stalkanat-Silur reelects supervisory chairman

The supervisory board of Stalkanat-Silur has reelected Vladimir Nemirovsky its chairman.

According to the company statement, Nemirovsky has been in this office since June 27, 2014. He owns 50% shares of the company. His office has been extended for 3 years.

Russia: Moody’s upgrades MMK rating to Ba1

Magnitogorsk Iron and Steel Works announces that Moody’s Investors Service has upgraded the company’s corporate family rating to Ba1 from Ba2 and probability of default rating to Ba1-PD from Ba2-PD. The assigned rating corresponds with the sovereign rating of Russia and brings MMK to the club of Russia’s metals & mining majors – Severstal, NLMK…

Ukraine: Interpipe NMTZ changes supervisory board

Shareholders of Interpipe Novomoskovsk Pipe Works have changed 3 out of 7 supervisory board members. According to the company statement, shareholders have reelected Oleg Rosenberg, Denis Morozov, Maxim Paliy and Inna Lyubimenko as the supervisory board members. They have also dismissed Anna Vorotintseva, Andrei Likhomanov and Interpipe Limited, appointing Julia Sova, Ruslan Zvonenko and Oleg…

Ukraine: steel pipes output up in March 2016

In March Ukraine produced 80 thousand tons of steel pipes, up by 48.1% MoM, or by 26 thousand tons.

According to Metallurgprom, in January-March pipe output totaled 187 thousand tons, down by 15% YoY, or by 34 thousand tons. (Ukrainian metal)

Ukraine: EMSS appoints supervisory board member

Shareholders of Energomashspetststal have dismissed Evgeny Pakermanov from the office of a supervisory board member and appointed Sergey Filatov instead. According to the company statement, Filatov worked as the deputy CEO and economy director at Atomenergomash (Russia). He owns no EMSS shares. Shareholders also reelected Andrei Nikipelov, Sergey Kuleshov, Vladimir Razin, Julia Chizhova, Sergey Udovenko,…

Ukraine: Novogrodovskaya mine puts new breakage face into operation

The head of Donetsk regional military-civilian administration Pavel Zhebrivsky has visited the state mine 1/3 Novogrodovskaya, where a new breakage face has been put into operation.

The project cost 17 million UAH. The administration plans to mine 2 thousand tons of coal per day. The reserves will last till December. (Ukrainian metal)

Ukraine: Metinvest to get 7 billion UAH of debts repaid

The Commercial Court of Kiev has ordered the Alchevsk Iron and Steel Works and Dneprovsky Iron and Steel Works named after Dzerzhinsky to pay Metinvest Holding 6.97 billion UAH of debts for iron ore concentrate. In particular, DMKD has to pay 5.78 billion UAH (5.19 million of debt, 437.39 million of fines and 155.4 million…

Ukraine: Metinvest out of Ilyich-Stal and Mariupol Ilyich supervisory boards

Shareholders of Ilyich-Stal have recalled Metinvest B.V. (the Netherlands) from the supervisory board and appointed 5 people instead. In particular, Metinvest Holding CEO Yuri Ryzhenkov, Metinvest Holding Metal Division director Alexander Pogozhev, deputy financial director Julia Dankova, legal provision director Svetlana Romanova as well as the head of the legal department of Mariupol Ilyich Iron…

Ukraine: Donetsk region metal output up in Q1 2016

In January-March Donetsk region (without the antiterrorist operation zone) industrial output went up by 10% YoY, with March indexes up by 5.5% MoM and 10.1% YoY. Metal output increased by 11.2%, that of mining – by 19.9% and of coke – 1.6 times. Ordinary coal mining increased by 22.3% YoY, to 3.8 million tons. Pig…

Ukraine: Centravis provides new equipment for medical institutions

On the occasion of the International Health Day Centravis presented modern equipment to Nikopol medical institutions. High-quality devices, which are necessary for the diagnosis and treatment, were granted to the maternity and Nikopol Municipal Hospital No.4. “While continuing an implementation of comprehensive social strategy aimed at improving the quality of life in the region our…

Ukraine: SPF sets task to stabilize financial situation at ZALK

Zaporozhye Aluminum Works is to stabilize the financial and economic situation at the enterprise in 2016 and keep away from wage arrears.

Russia: MMK board meeting results

Magnitogorsk Iron and Steel Works announced that a meeting of the MMK Board of Directors was held on April 22.

Ukraine: rolled metal output up in March 2016

In March Ukraine produced 1891 thousand tons of rolled metal, up by 10.3% MoM, or by 176 thousand tons.

Metals of Ukraine & Russia: channel (structural steel), March 2016

Month

Russian market, $/t, EXW, without VAT, $1/RUR67.6076*

min

max

February

365

549

March

341

490

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: new minister against closing mines

Total closing of state mines is out of question, says the new minister of energy and coal industry of Ukraine Igor Nasalik.