Ukraine: Metinvest EBITDA up in July 2018

In July Metinvest increased its EBITDA by 0.9% MoM, to $233 million.

Revenue dropped by 1.3%, to $1.082 billion.

In 2017 Metinvest EBITDA grew 1.77-fold YoY, to $2.044 billion, while revenue went up by 43.5%, to $8.931 billion. (Ukrainian metal)

Ukraine: antidumping investigation on Russian and Chinese rolled metal with coating started

The Interdepartmental commission on international trade has started an antidumping investigation on the import of some types of rolled metal with corrosion-resistant coating from Russia and China. According to the commission, the metal could have been supplied at dumping prices, damaging local manufacturers. In particular, in 2015-2017 imports from Russia and China grew by 51%.…

Ukraine: Donetskstal vows to clear debts

The Commercial Court of Donetsk region has determined 4 amicable agreements between the fund Glori represented by the Investment Capital Ukraine LLC and Donetskstal. According to the agreements, Donetskstal has to clear its debts of 2.08 billion UAH to Glori within one month. The debts arose from loans received by the company in 2011-2012. (Ukrainian…

Ukraine: EU prolongs pipe antidumping measures

European Commission has prolonged the antidumping duties on the import of seamless pipes from Ukraine.

The duty for Dnepropetrovsk Pipe Works is 12.5%, while for Interpipe – 13.8%.

At the same time the Russian pipe manufacturers have been more severely hit.

The duty for them is 24.1% for ChTPZ and 28.7% for TMK. (Ukrainian metal)

Russia: 58 violations found at Karabashmed

On September 10-21 the Ural-region department of Rostechnadzor carried out a scheduled inspection of Karabashmed.

As a result 58 violations of legislation on industrial safety have been found.

The company has been given time to remove the violations. (Ukrainian metal)

Kazakhstan: new lead and zinc plant to be created

A new mining and processing works will be constructed in Kyzylorda region. The corresponding documents have been signed during the investment forum in London. The guarantee agreement was signed by Samruk Kazyna fund chairman Akhmetzhan Yesimov and sir Suma Chakrabarti of EBRD, while the construction agreement – by Tau-Ken Samruk national company chairman Kanat Kudaibergen…

Ukraine: Metinvest boosts environmental investment in Mariupol

Mariupol Ilyich Iron and Steel Works and Azovstal of Metinvest Group have been increasing their expenses on environmental projects for several years. In 2018 the green investments have grown 5.6-fold, to UAH 600 million. Financing increases progressively as the group switches from designing to constructing gas treatment facilities. In particular, investments in construction, upgrade and…