The debt to the miners of the state enterprise Novovolynskaya mine No. 1 is 3616 thousand UAH (for February, March and April). According to the chairman of the Independent Miners Union of Ukraine Mikhail Volynets, the mine owes 150 thousand UAH for energy carriers and some 50 thousand UAH for water supplies. Earlier the Yuzhnodonbasskaya…Details
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Chelyabinsk Iron and Steel Works, a part of Mechel, demands the payment of 18.9 million rubles from Chelyabinsk Forge-and-Press Works, owned by the State Duma deputy Valeriy Gartung and his family, and has filed a claim to the arbitrary court. In February ChKPZ received two claims from ChMK for over 19 million rubles. (Ukrainian metal)Details
Because of the sales growth and to improve servicing Staltrans decided to increase stock capacity and open a new warehouse in Podolsk, Moscow region. The new warehouse will service the company customers in the Central district, as well as other Western parts of Russia. Staltrans also sells metal wares directly from major works and from…Details
Employees of ArcelorMittal Kriviy Rih went on strike. They demanded to speak with the CEO Paramjit Kahlon by Skype. But, according to administration, Kahlon was away in London. “Paramjit Kahlon suggested creating a working group by May 19 to settle the matter of the salary. Please, don’t politicize the situation”, the deputy CFO Igor Kublitsky…Details
Evraz Sukhaya Balka administration decided to suspend operation of its mines in order not to endanger its employees. Earlier some 300 miners from Yubileynaya and named after Frunze mines refused to return to the surface demanding the increase of the wages. “The strike threatens the operation of the enterprise, people could get hurt”, the administration…Details
Miners of Krivoy Rog Iron Ore Industrial Complex, ArcelorMittal Kriviy Rih and Evraz Sukhaya Balka are still striking, demanding the increase of salary. According to the chairman of the Independent Miners Union of Ukraine Mikhail Volynets, miners’ wives together with children and other relatives have blocked railroad and stopped sales. At AMKR over 300 miners…Details
On May 10 several hundreds of Evraz Sukhaya Balka miners did not return from underground. “The company is negotiating with them”, the press-service reported. “The medical service controls their health. Despite long delays in operation because of the lack of licenses to use subsoil, the company continues paying salary”. Since last September the mine has…Details
In January-March Severstal Distribution increased metal sales by 13% YoY, to 395 thousand tons. Because of the rolled metal price increase the company earnings rose by 71% YoY, to $225 million. “The steel market remains highly volatile. According to analysts, metal consumption in Russia this year will increase by 1.8%, in Northern Europe – by…Details
The Rusal Bratsk board of directors recommended its only shareholder Rusal to pay dividends for the first quarter of 2017 in the amount of 408.7 rubles per share. According to the company statement, the closing date of the shareholders registry entitled to receive dividends is May 22. The total amount of dividends is thus 2.25…Details
In the current washing season Plamya intends to get 450 kg of gold. Last year the company yielded 379 kg. The growth will be reached thanks to the third licensed site put into operation. In addition to Sildigir and Sygynakh in Yakutia, the company will also wash for gold in Komagin. According to the company…Details
Mechel-Service delivered the first batch of rebars for the construction of the Third Interchange Contour of the Moscow subway. The construction company received 560 tons of rolled metal. The Chelyabinsk Iron and Steel Works rebars are used in the construction of 6 stations: Delovoy Tsentr, Shelepikha, Khoroshevskaya, Khodyn Field, Petrovsky Park and Nizhnyaya Maslovka. (Ukrainian…Details
Ferrum has put into operation its modernized TESA (pipe welding) 51-190 mill. The mill produces steel pipe of 219 mm diameter, used mostly in pipelines. The wall thickness is 3-8 mm. Ferrum started manufacturing electric welded pipes in 2015, having put into operation three pipe welding mills with the total capacity of 15 thousand tons…Details
The net profits of Magnitogorsk Iron and Steel Works in January-March increased by 53.5% YoY, to $241 million. According to the company statement, earnings increased by 58.1% YoY because of the higher sales prices (by $249 per ton, or by 76.8%). EBITDA grew by 106.4%. (Ukrainian metal)Details