The Board of Directors of Norilsk Nickel has approved of the sale to Crispian Investments Limited of 1250075 ordinary shares (constituting 0.79% of the total share capital of the company) for a total of $158 million.
Heads of Ukrainian metal companies have addressed the Prime-Minister Vladimir Groisman, asking him to arrange a meeting to discuss the problems in the industry and develop the program of stabilization.
The Security Service of Ukraine has prevented the purchase of low-quality pipes from Russia valued at almost 25 million UAH by a state enterprise in Poltava region.
In January-March Poltava Mining and Processing Works exported 3.17 million tons of iron ore pellets.
The Verkhovnaya Rada of Ukraine has passed an act on the increase of the ferrous scrap export duty from 10 euro per ton to 30 euro for 3 years. 268 people’s deputies have supported the act.
Pobuzhye Ferronickel Plant plans to stop importing power-generating coal from Kazakhstan and switch to Ukrainian raw materials.
The Ministry of economy of Turkey has cancelled temporal measures on hot-rolled coil imports from China, Russia, Japan and Slovakia.
In 2016 Mariupol Ilyich Iron and Steel Works has started producing 8 new types of products, with the most of them coming from the cold-rolled shop.