Russia: ferrous scrap imports from Kazakhstan up in January-February 2017

In January-February Russia imported 78.1 thousand tons of ferrous scrap from Kazakhstan, up 2.4-fold. This is also the highest result for the last several years.

Chelyabinsk region imported 46% of Kazakh scrap, Krasnoyarsk krai – 32%, and Saint Petersburg – 8%. (Ukrainian metal)

Ukraine: AMKR to spend UAH 2.7 billion of 2016 profit on production development

PJSC ArcelorMittal Kriviy Rih (Dniepropetrovsk region) will not pay dividends for 2016, but will direct net profit in the amount of UAH 2.704 billion for development of production. According to a plant press release, this decision was made at an annual general meeting of shareholders on April 27. The shareholders heard the reports of the…

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Ukraine: Ilyich-Stal to be liquidated

Shareholders of Ilyich-Stal, a part of Metinvest, decided to liquidate the company.

The corresponding decision was taken during the shareholders meeting on April 27. All the shareholders voted in favor of the decision.

The cost of the company net assets is 1164.25 million UAH, while liabilities amount to 212.29 million UAH. (Ukrainian metal)

Ukraine: Lisichanskugol mine resumes operation after a yearlong break

Privolnyanskaya mine has resumed coal mining.

According to Lisichanskugol statement, 11 months ago there was a fire at the mine and the operation stopped.

On April 17, the mine yielded the first coal. (Ukrainian metal)