Ukraine: Metinvest-PromService opens subsidiary in Kriviy Rih

Metinvest-PromService has started servicing and repairing railroad transport at Central, Severny and Ingulets Mining and Processing Works. Three repair shops will be servicing and repairing railroad transport at the works. The subsidiary will employ some 750 workers. Metinvest-PromService used to service Metinvest companies only. The company was founded in 2015 on the basis of repair…

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Ukraine: ferroalloys and pipes banned by EEC

Eurasian Economic Commission has approved of the implementation of antidumping duties on Ukrainian ferrosilicomanganese for 5 years and prolonged duties on Ukrainian steel pipes. Ferrosilicomanganese duties will reach 26.35% and will affect Nikopol Ferroalloy Plant, Zaporozhye Ferro Alloys Plant and Stakhanov Ferroalloy Plant. These three works in 2014 supplied $200 million worth of ferrosilicomanganese to…

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Ukraine: monopoly of scrap market

The Ministry of economical development and trade cannot create market conditions in the sphere of ferrous scrap. “There is no competition on the scrap market today. I have been talking to association representatives for a year. What market could it be, if all the scrap in Ukraine is purchased by 2 people”, said the Verkhovnaya…

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Ukraine: metal output in May 2016

In January-May Ukraine produced 10.54 million tons of carbon steel, up by 14% YoY. This is preliminary data by Metallurgprom, while more precise information is expected after June 10. Pig iron output increased by 21%, to 10.11 million tons, that of rolled metal – by 16.5%, to 9.32 million tons. Coke production went up by…

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Ukraine: Groysman tasks the Cabinet to consider issues faced by mining and metals sector

Ukraine’s Prime Minister Vladimir Groysman went to see Mariupol Ilyich Iron and Steel Works of Metinvest Group as part of his visit to Mariupol. He observed the reconstruction of a sinter plant, the biggest environmental project in the history of Ukraine’s independence, with the five-year investment making $220 million. Vladimir Groysman visited a converter shop.…

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