Ukraine: rebars hit by Egypt duties

The Ministry of trade and industry of Egypt has imposed antidumping duties on rebars imports from Ukraine, Turkey and China. Duties on Ukrainian rebars reach 15-27% of the customs cost, on Turkish – 10-15%, and on Chinese – 17%. The duties have been imposed for 4 months. The ministry started an antidumping investigation in December…

Ukraine: Metinvest Group wins Platts Global Metals Awards 2017

Metinvest Group won the Corporate Social Responsibility award at Platts Global Metals Awards 2017. This victory is a proof of the company’s commitment to principles of corporate social responsibility and world’s best business practices in HSE, and employee, business partner and community relations. Among the winners of the Corporate Social Responsibility award are also Thyssenkrupp…

Ukraine: Rotterdam+ coal scheme dangerous

Prosecutor General of Ukraine Yuriy Lutsenko has said the Rotterdam+ scheme is dangerous and has called on Verkhovna Rada deputies to enact a law regulating payments for coal imports. “As for the coal issue: if previously funds were pilfered via special schemes involving budget payments to mines, today there exists an even more dangerous scheme…

Ukraine: Dneprometiz gets new SB chairman

The director of Metiz subsidiary, the general manager of Severstal-Metiz (Russia) Sergey Kovryakov has been elected the chairman of the supervisory board of Dneprometiz. According to the company statement, Lilia Dubovichenko, the deputy chief accountant of Dneprometiz, has been elected the chairwoman of the revision committee. The shareholders have also revoked the supervisory board of…

Russia: Severstal-Metiz saves 35 million rubles in 2016

In 2016 Severstal-Metiz saved 35 million rubles due to streamlining its operation. According to the company statement, last year employees submitted over 200 rationalizing suggestions, allowing to decrease manufacturing expenses and prime cost. The highest result was obtained thanks to modernization of equipment and tools, as well as the change of key products manufacture techniques.…

Ukraine: decline in industry deepens

In April industrial output in Ukraine decreased by 1.7% MoM and by 4.6% YoY.

According to the State Statistics Service, in metal industry output decreased by 6.5% MoM and by 10.7% YoY.

Coke output dropped by 2.2% MoM and by 27.3% YoY.

In 2016 industrial output in Ukraine increased by 2.4% YoY. (Ukrainian metal)

Russia: Revda Works sees losses in Q1 2017

In January-March Revda Non-Ferrous Metals Processing Works received 3.3 million rubles of net losses.

In Q1 2016 it received 13.9 million rubles of net profits.

The company earnings increased by 33.6%, to 865.2 million rubles. (Ukrainian metal)