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Ukraine: ferroalloys output up in 2016

In 2016 Ukraine produced 1.028 million tons of ferroalloys, up by 16% YoY. According to the Association of Ukrainian Ferroalloy Producers, silicomanganese output went up by 16.7% YoY, to 814.97 thousand tons, ferromanganese – by 19%, to 104.47 thousand tons, and ferrosilicon – 101.42 thousand tons, to 12.5%. At the same time production of metallic…

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Ukraine: Metinvest gets Ilyich-Steel shares of Mariupol Ilyich

Private limited company Metinvest B.V. (the Netherlands) has increased its share in the Mariupol Ilyich Iron and Steel Works from 74.722268% to 99.322555%. According to the group’s statement, its stake of voting shares in Mariupol Ilyich is now 99.619059%. Ilyich-Steel share in Mariupol Ilyich Iron and Steel Works decreased from 24.494605% of ordinary shares and…

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Russia: VSMPO-Avisma investment plan for 2017

VSMPO-Avisma Corporation has affirmed the investment plan for 2017. According to the general director Mikhail Voyevodin, the total investment funds this year will reach 10 billion rubles. The sheet-rolling complex will have to finish the investment project of plate straightening and annealing machine implementation. The smelting complex and the mechanical treatment shop will also draw…

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