The supervisory board of Ukrvtorchermet (Kiev) has appointed Natalia Gorelova the chairman of the board and CEO and dismissed the acting chairman/CEO Vladimir Prilipko.
Metinvest reports the Cabinet of Ministers plans to have a meeting with metal companies on the mining-metallurgical industry problems.
Non-reimbursement of VAT to exporters serves as an indirect exports tax in Ukraine.
Ukraine has enough coal for 45-50 days, says the minister for energy and coal industry Vladimir Demchyshin, and soon imported coal would arrive that would stabilize the situation.
In January-November Yuzhny Mining and Processing Works produced 10.48 million tons of iron ore concentrate, up by 2.5% YoY.
Co-owner of the Privat group Igor Kolomoisky believes there are three ways the High Court of Justice could take in the matter of Krivoy Rog Iron Ore Industrial Complex.
Metinvest plans to initiate an antidumping investigation as to galvanized and polymeric-coated rolled metal, produced in China.
In January-November Azovstal Iron and Steel Works, a part of Metinvest, produced 2.76 million tons of rolled metal, down by 8.6% YoY.
On December 1, Russia prohibited to import certain goods from Turkey. And Ukraine could be a winner in this situation, if Turkey implements sanctions in response.
In November Dneprospetsstal for the first time took part in the largest industrial exhibition in France – Midest. Each year the exhibition welcomes some 42 thousand visitors from world metal manufacturers and consumers. This year Midest hosted 1600 companies from 39 countries.
In October Dneprovsky Iron and Steel Works named after Dzerzhinsky started a unique overhaul – that of sintering machine #12, that was put into operation in 1963.
In January-September Ukrainian metal companies decreased their domestic sales by 21.7% YoY, to 1.96 million tons (13.1% of the total output) from 2.5 million tons (13.3%) in January-September 2014.
Ukraine’s steel production fell by 17% in 11 months, to 21 million tons, mostly due to the military conflict in the east of the country where most of its steel plants are based.