Industrial Union of Donbass denies the information in mass media about the disassembly and carrying away of equipment from Alchevsk Iron and Steel Works. “The works is operating under as good conditions as possible in the region. We don’t know what facts the Ministry of Defense has used to make such an announcement”, said the…
Raiffeisen Bank Aval has asked the Commercial Court of Donetsk region to recover $92.97 million, 1.41 billion JPY and 416.16 million UAH from the Industrial Union of Donbass and Alchevsk Iron and Steel Works.
Industrial Union of Donbass acknowledges the debts to Metinvest for raw materials supplied, but doesn’t view claims as aggressive actions.
The Donetsk Commercial Court of Appeals has confirmed the recovery of 254.98 million UAH of debts from Alchevsk Iron and Steel Works and the Industrial Union of Donbass under the credit agreement with the State Export and Import Bank.
As of January 11, CIS hot-rolled coils cost $245-265 per ton FOB Black Sea, as opposed to $245-260 on December 28, 2015.
The Industrial Union of Donbass (ISD) corporation doesn’t expect an aggressive recovery of its $60 million debt on behalf of the Cyprus-based Reachcom Limited, after the Ukrainian courts acknowledged the writ of the London International Arbitrary Court.
In Q4 global market steel prices have fallen considerably.
The Industrial Union of Donbass corporation has appointed Maxim Zavgorodny, the Dneprovsky Iron and Steel Works named after Dzerzhinsky CEO, its new executive director.