Ukraine: ISD officially states loss of control over Alchevsk Works and Alchevskkoks in uncontrolled territory

Industrial Union of Donbas (ISD) Corporation has officially announced the actual loss of effective managerial control over its production assets (industrial sites and office premises in Alchevsk, Luhansk region), including PJSC Alchevsk Iron and Steel Works, PJSC Alchevsk Coke and Chemical Plant (Alchevskkoks) and PJSC Ecoenergy, which together constitute a significant part of the ISD…

Ukraine: ISD continues to control AMZ and Alchevskkoks in uncontrolled territory

Industrial Union of Donbas (ISD) Corporation is currently controlling its production assets in Alchevsk, Luhansk region, namely Alchevsk Iron and Steel Works, Alchevsk Coke Chemical Plant (Alchevskkoks) and PJSC Ecoenergy, located in the temporarily uncontrolled territory of Ukraine. “Due to different interpretations of ISD Corporation’s statement made on November 29, we believe it is necessary…

Ukraine: terrorists unable to cope with AMK shut down results

The so-called Council of ministers of the Lugansk People’s Republic, a terrorist organization created and supported by Russia, has openly addressed the citizens of Alchevsk saying it has been unable to provide for the operation of its main enterprises. “Fellow countrymen! The government of the republic is worried by the situation at the major companies…

Ukraine: Ukrainian Exchange to exclude Alchevskkoks, AMK and Zaporizhstal shares from the list

The Ukrainian Stock Exchange intends to stop sales of Alchevsk Coke and Chemical Works, Alchevsk Iron and Steel Works and Zaporizhstal shares. According to the stock exchange, the decision has been taken because the companies have not disclosed their annual information. At the same time, the decision can be cancelled, if the companies disclose their…

Ukraine: June 2016 results for ATO zone works

June proved to be extremely unlucky for Ukrainian metal companies mostly because of the railroad strike. Steel smelting dropped by 19% MoM, to 1.87 million tons, pig iron output decreased by 20.5% MoM, to 1.79 million tons. Average daily steel output in June totaled 62.4 thousand tons as opposed to 73.2 thousand tons in May.…