Ukraine: Metinvest case against Alchevsk Works resumed
The Commercial court of Kiev has renewed the case of Metinvest Holding against Alchevsk Iron and Steel Works for the recovery of 5.82 billion UAH.
The Commercial court of Kiev has renewed the case of Metinvest Holding against Alchevsk Iron and Steel Works for the recovery of 5.82 billion UAH.
In 2015 Metinvest was the largest taxpayer among industrial companies. It paid 8.2 billion UAH of taxes.
In 2015 Metinvest produced 8050 thousand tons of pig iron, down by 12.62%, or by 1163 thousand tons YoY.
In 2015 Metinvest companies produced 7.67 million tons of steel, down by 17% YoY.
In 2015 Metinvest produced 4.08 million tons of coke, down by 15% YoY. Iron ore concentrate output fell by 8% YoY, to 32.2 million tons, that of coal concentrate – by 20%, to 3.28 million tons.
Metinvest has again confirmed its correspondence to the international standards ISO 14001:2004 and OHSAS 18001:2007.
In 2015 Metinvest had to decrease its hot-rolled metal exports to Turkey due to the heavy dumping from Russian manufacturers.
In 2016 Metinvest plans to dismiss up to 30% of its administration staff due to the uncertain steel market situation and the metal prices drop, as well as the demand decrease.