Ukraine: Metinvest short of 1.5 billion UAH VAT reimbursement in December 2019

In December Metinvest enterprises did not receive VAT reimbursement in the amount of 1.5 billion UAH. In particular, Mariupol Ilyich Iron and Steel Works has not received some 1 billion UAH. Because of that the employees are worrying about the delays in their salary payment. According to Ukrmetallurgprom president Alexander Kalenkov, the State Tax Service…

Russia: S&P recalls rating of Koks

International rating agency S&P Global Ratings (S&P) has revoked the long-term credit rating of Russian coking coal producer Koks, a part of Industrial Metallurgical Holding (IMH), at a request of the company, the agency said in a statement. At the time of revocation, the rating was B, and the outlook was Stable. (Prime/Ukrainian metal)

Russia: ChTPZ commissions new line at PNTZ

ChTPZ group has commissioned a new finishing line for oil pipes with ChTPZ Prime joints at Pervouralsky Pipe Works. The machinery will increase the capacity of the finishing center by 30 thousand tons per year. Investments totaled 300 million rubles. The line comprises two EMAG mills to finish compressor-pump and casing pipes with the diameter…

Ukraine: iron ore railroad transportation up in January-November 2019

In January-November Ukrzaliznytsia (Ukrainian Railways) transported 62.6 million tons of iron and manganese ores, up by 3% YoY. According to the State Statistics Service, in the January-October the growth was 3.2%. Ferrous metals scrap transportation decreased by 19.7%, to 2.2 million tons. Ukrzaliznytsia has also decreased the transportation of ferrous metals by 4.1%, to 17.6…