Petr Poroshenko has signed a decree to impose a moratorium on the bankruptcy of state mines until January 1, 2019. The decree prohibits accounts arrests and the procedure of bankruptcy unless by the order of the Ministry of energy and coal industry. Accounts arrests result in non-payment of salary to state miners, moreover coal companies…
DetailsChelyabinsk Iron and Steel Works has finished the planned repair of converter No. 3 and the continuous casting machine No. 5. According to the company statement, the repairs cost 64 million rubles. The converter capacity is 1.2 million tons of steel per year, and of CCM – 1 million tons. The oxygen-converter shop includes 3…
DetailsIn May Ukrzaliznytsia foiled delivery terms of iron ore to the Berdyansk sea trade port for short sea traffic to Azovstal Iron and Steel Works. “As Ukrzaliznytsia failed to provide 23 cargo trains per day through Kamysh-Zarya route, we had to look for alternative sources of raw materials supplies. Each of them considerably increases delivery…
DetailsThe Kirovograd regional administration on May 19, refused to allow the Vostochniy Mining and Processing Works start mining operation within the territory of housing construction. The decision has been taken at the request of the Kropivnitsky mayor Andrey Raikovich. He was against allowing the company to work there, as it did not fulfill its social…
DetailsOn the annual meeting on May 19, the shareholders of Nikopol South Pipe Works decided to wind-up the company. The issue has been suggested by a shareholder owning over 5% of shares. In February 2007 Interpipe purchased 96.6% of NPTZ for 352.614 million UAH. As of Q1 2016, 96.6% belonged to the Transportno-investitsionnye tekhnologii. Later…
DetailsA couple of days ago Donetsk Iron and Steel Works, which was on the list of enterprises, “nationalized” by the terrorist organization Donetsk People’s Republic, created and supported by Russia, resumed operation under new managers. The blast furnace No. 1 produced the first batch of pig iron. This is the first output since the “nationalization”.…
DetailsThe Aluminum Castings Works in Barnaul has so far been able to sell only 138.7 million rubles worth of assets. The auction scheduled for May 21 did not take place because of the lack of participants. Now the works is on sale even cheaper – at 76.5 million rubles, according to Avito.ru. In March the…
DetailsIn January-April coal companies of Chukotka Autonomous District mined 199.425 thousand tons of coal, up 2-fold YoY. At present two companies mine coal in the region – Ugolnaya Mine and Beringpromugol of Tigers Realm Coal Limited. Ugolnaya mine has supplied 77.925 thousand tons of coal from Anadyr deposits, down by 17% YoY. Beringpromugol, which started…
DetailsAccording to Kraft group marketing department director Katerina Makeyeva, the stagnation on the rebars market will most likely persist for a month. The attempts to decrease prices by some trading houses are situational. Manufacturing works will not listen to traders and go on decreasing prices. Price fluctuations on market decrease are in the range of…
DetailsNordgold net profits in January-March dropped by 3% YoY, to $39.8 million. According to the company statement, earnings grew by 17%, to $293 million. EBITDA increased by 10%, to $131 million. The company consolidated debt at the end of Q1 decreased by 3%, to $927.9 million, with net debt up by 15%, to $677.7 million.…
DetailsNLMK Group, an international steel company with facilities in Russia, the USA, and the EU, has signed a five-year contract for the supply of raw materials to the production facilities of EUROCEMENT group, Russia’s leading manufacturer of construction materials. The contract, which runs until the end of 2022, covers an annual supply of up to…
DetailsWithin the strategic cooperation with Transneft, Chelyabinsk Pipe-Rolling Works has modernized its machinery of large diameter pipe quality control. The investments totaled 244 million rubles. “Transneft is one of the key customers of ChTPZ. Taking into account their demands we have decided to modernize the machinery. The project has been carried out without stopping the…
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