Donetsk Electrometallurgical Plant to restart operations

According to Mr Alexander Babikov head of the company supervisory board, Ukraine Donetsk Electrometallurgical Plant, the mini mill previously known as ISTIL intends to restart its production operations in the second half of September. Mr Babikov said in September Donetsk Electrometallurgical Plant plans to produce 63,000 tonnes of square billets of which 50,000 tonnes will…

Azovstal Steel held ecological tree planting campaign

Azovstal Steel Plant operating under umbrella of Metinvest Group held an ecological tree planting campaign in the Generation Park of Ordzhonikidze District in Mariupol. The campaign was held as a part of the events dedicated to the plant’s 76th anniversary. Among the participants were representatives of the city management, employees of the plant representatives of…

System Capital Management pretax profit up in 2008

Ukrainian Journal reported that Donetsk’s System Capital Management announced it boosted consolidated audited pretax profit 70% to USD 3 billion in 2008 from USD 1.786 billion in 2007.

According to the report, consolidated gross income tax expenditure grew to USD 805 million from USD 379 million. (Ukrainian Journal)

ArcelorMittal Kriviy Rih and ZZF dispute over ferroalloy deliveries

The Ukrainian steelmaker ArcelorMittal Kriviy Rih announced that its refusal to prolong a contract for ferroalloy deliveries in the context of its reduced production rates has led its main ferroalloys supplier Zaporozhye Ferro Alloys Plant to take an action for the legal collection of about UAH 205.59 million from the company for pre payment for…

Ukraine fines ArcelorMittal Kriviy Rih and Dneprospetsstal

Ukrainian News reported that the Antimonopoly Committee of Ukraine fined the ArcelorMittal Kriviy Rih ore mining and metallurgical works UAH 50,000 and the Dneprospetsstal metallurgical works UAH 18,000 for breaking rules of furnishing of information.According to the report, the Committee fined ArcelorMittal Kriviy Rih for failure to present information at the committee’s request within the…