Ukraine: electric metallurgy suffering from raw materials shortages
Ukraine has a number of major metal works using electrometallurgical method to produce steel. Two of them are Interpipe Steel and Electrostal.
Ukraine has a number of major metal works using electrometallurgical method to produce steel. Two of them are Interpipe Steel and Electrostal.
Interpipe has changed its approach to supplying scrap to Interpipe Steel.
Interpipe believes, that in 2016 scrap procurement in Ukraine will fall by 7.1-14.3% YoY, to 3.6-3.9 million tons.
As of January 1, Interpipe has prepaid 46 million UAH for gas to Naftogaz Ukrainy.
The Bank of New York Mellon Corporation (USA) plans to cancel its depository agreement with Interpipe NTZ.
The supervisory board of Interpipe Dniepropetrovsk Vtormet has dismissed Olga Korotkova from the office of the chairman, and appointed Gennady Shevchenko acting chairman of the board.
Interpipe works have prepaid Naftogaz Ukrainy 23.5 million UAH for gas.
The Commercial Court of the Dniepropetrovsk region will consider a claim of Alfa-Bank to Interpipe Niko Tube as to the collection of 1.2 billion UAH of debts.