To resume operation at Dneprovsky Iron and Steel Combine, a part of the Industrial Union of Donbass, a financing of 4 billion UAH is needed, as well as new raw materials sources. “The enterprise is in the poor condition now. The accounts are arrested, there are over 40 claims as to debts, and the machinery…
The minority shareholder of the Industrial Union of Donbass Corporation Sergey Taruta has denied the fact of holding negotiations with Metinvest as to the sale of Dneprovsky Iron and Steel Combine. “As far as I know, this is not true. There are talks with Metinvest as to the debt settlement. But this is not about…
On June 29 the employees of Dneprovsky Iron and Steel Combine intend to hold another meeting protesting against the shut down of the main manufacture. According to the meeting organizers, representatives of the owner and the city authorities have been invited. “We do and will do our best to put the works back into operation…
The Dneprovsky Iron and Steel Combine HR director Anatoly Polivoda reported that so far 750 employees had resigned from the works. At present the company employs slightly over 9.5 thousand people. But according to Polivoda, by the time the DMK starts operating again, many more people would have decided to look for new job. (Ukrainian…
In order for Dneprovsky Iron and Steel Combine to operate all its three furnaces $150 million are needed. According to the management, the company has enough raw materials for 10 days of 2 furnaces operation, provided in three days coal and coke will start arriving at the works. (Ukrainian metal)
The Supreme Court of Ukraine decided to send the cassation claim of Metinvest to Dneprovsky Iron and Steel Combine, a part of Industrial Union of Donbass, on the iron ore case to the Higher Commercial Court of Ukraine for another round of review. On November 9, 2016 the Higher Commercial Court of Ukraine decided to…
Dneprovsky Iron and Steel Combine has announced a tender for insurance services. According to the company statement, a participant of the tender should be a legal entity, should have letters of recommendation and experience of working with iron and steel works. (Ukrainian metal)
This year Dneprovsky Iron and Steel Combine, a part of ISD, intends to produce 2.935 million tons of pig iron and 3.099 million tons of steel, up by 51.3% and by 57.6% YoY respectively. Sinter output is expected to increase by 37%, to 4.528 million tons. In 2016 DMK produced 1.94 million tons of pig…