In January-September Dneprovsky Iron and Steel Combine produced 870 thousand tons of rolled metal, 891 thousand tons of steel, 855 thousand tons of pig iron and 1.321 million tons of sinter, all down by 45%, 43.6%, 43.8% and 51.5% YoY respectively. In October DMK produced 209 thousand tons of rolled metal, 208 thousand tons of…
The Commercial Court of Kiev has ruled that Dneprovsky Iron and Steel Combine has to pay 2.469 billion UAH of fine and 233 million UAH of 3% interest to Metinvest under the contract on iron ore raw materials delivery dated December 29, 2010. Together with the debts of Alchevsk Iron and Steel Works, the debt…
Metinvest B.V. has started reselling a part of metal manufactured by Dneprovsky Iron and Steel Combine, which it receives as payment for raw materials, supplied previously and being supplied still. According to Maxim Zavgorodniy, the executive director of ISD, the owner of DMK, the works supplies only a part of its products to clear debts.…
In January-September Dneprovsky Iron and Steel Combine decreased rolled metal output 2.2-fold YoY, to 658 thousand tons. According to a company representative, in 9 months DMK produced 680 thousand tons of steel and 662 thousand tons of pig iron, both down 2.1 and 2.2-fold YoY. At the same time, in September the company produced 215…
On the square near the Dneprovsky Iron and Steel Combine a meeting was held. People demanded clean air and healthy future for their children. The strikers didn’t want the combine to be shut down, they just wanted the company to use all the filters and fulfill all the environment programs. (Ukrainian metal)
The Supreme Commercial Court of Ukraine has left unchanged the ruling of the Kiev commercial court of appeals as to the volume of the main debt of Dneprovsky Iron and Steel Combine to Metinvest at 5.19 billion UAH instead of 2.566 billion UAH. At the same time the ruling of the Commercial court of Kiev…
In August Dneprovsky Iron and Steel Combine underproduced 10 thousand tons of rolled metal because of the forced idle time of the 400/200 mill. According to the acting director of the rolling shop on 400/200 mill Igor Chuyko, when the works resumed operation the mill did not operate in normal order because of the lengthy…
Management of Dneprovsky Iron and Steel Combine is interested in providing safe labor conditions and competitive salary to its employees. Since the new start of the works 365 employees joined its ranks, all of them local citizens of Kamenskoye. “Even now there is a way to increase wages. We also want to review the bonus…