Ukraine-based mining and steel company Metinvest Group will invest over $92 million in the upgrading of the fourth blast furnace at its Mariupol-headquartered subsidiary Azovstal Iron and Steel Works. The overhaul of the blast furnace will last 120 days, starting in June 2014. Currently tenders and contractor selection are in progress. Contracts are being concluded…
Ukraine-based Ukrtransgas, an affiliate of the Ukrainian national oil and gas company Naftogaz, has announced that Ukrainian mining and steel producing group Metinvest and Ukrainian steel pipe and railway wheel producer Interpipe have won a tender for the supply of steel pipes worth a total of UAH 33.776 million ($4.07 million).According to the contract, Metinvest…
Metinvest, the largest Ukrainian mining and metal holding company, has reported that controls by Russian customs on its steel products supplied to the Russian market have increased from August 13th, 2013. Extra weighing is now carried out by Russian customs on all incoming steel, whereas previously only certain incoming consignments were selected and examined. Extra…
Ukrainian iron and steel holding Metinvest spent $750 million on 99.8% of the Zaporizhstal Group. Metinvest said in its annual report that it bought a further 74.9% of Zaporizhstal Group, which used to be known as Industrial Group, for $512 million last year. Metinvest’s stake in Zaporizhstal Group increased from 24.9% to 99.9% during 2012…
Metinvest Group, an international vertically integrated group of mining and steel companies, announced changes in the governance structure of the Mariupol Ilyich Iron and Steel Works and Ilyich Stal.Metinvest BV (the Netherlands) became a member of the supervisory boards of MMKI and Ilyich Stal as of February 15th, 2013. Metinvest BV will be the sole…
Metinvest, Ukraine’s biggest steelmaker, will remove from operation a sinter facility at its Azovstal plant.The plant will shift its sinter production to Mariupol Ilyich Iron and Steel Works.The cost of restoring sinter production at Ilyich will top $300 million. (SteelGuru)
Metinvest Holding LLC, a vertically integrated metals and mining company, has announced its plans to stop two coking batteries at the Azovstal steel plant after the start-up and adjustment of the pulverised coal injection system has been successfully completed. The batteries will be finally shut down at the end of October 2012. (Phoenix-capital.ua)
Metinvest BV announced that it has exercised an option to purchase a 50% stake in the Industrial Group’s mining and metals business.As a result, Metinvest and a group of investors have consolidated more than a 50% stake in Zaporizhstal’s shares.The option to acquire the remaining 50% interest in the Industrial Group’s mining and metals business…