Ukraine to ban steam coal imports from Russia

Ukraine’s government intends to ban imports of steam coal from Russia, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk declared. “A draft resolution is currently in the pipeline. A decision will follow,” he said when answering a question about plans to ban anthracite coal imports from Russia. The draft resolution is planned to be considered…

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Russia: ChMK starts producing beams for industrial shops

Chelyabinsk Iron and Steel Works, a part of Mechel, has started producing two types of construction beams.

The new beams (45B1 and 45B2) are used in construction of industrial buildings, warehouses and trade premises. So far the company has shipped over 200 tons of beams to local customers. (Ukrainian metal)

Ukraine: SevGOK to pay 1.8 billion UAH of dividends

The shareholders of the Severniy Mining and Processing Works, a part of Metinvest, intend to spend 1.8 billion UAH on paying dividends for 2016 from the net profit of 3.61 billion UAH.

The dividends will be paid as 0.77643 UAH per ordinary share.

In 2015 SevGOK received 1.21 billion UAH of net losses. (Ukrainian metal)

Russia: aluminum output down in January-February 2017

In January-February primary aluminum production decreased by 3.7% YoY, but the output of aluminum alloys went up by 7.7%.

Aluminum powder and flakes output increased by 15.6%, wire rod, rods and sections – by 11.1%, sheets, plates, bars and strips – by 26%, and foil – by 37.8%. (Ukrainian metal)

Ukraine: Metinvest Group completes debt obligations restructuring

Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated steel and mining group of companies, announced it had completed the restructuring of its financial debt totaling $2.3 billion. According to the group, as a result of the agreement achieved three issues of the group’s eurobonds maturing in 2016, 2017 and 2018 were…

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Ukraine: Russia stealing 10 thousand tons of coal a day

On March 1-20, over 3.4 thousand wagons with coal passed the border with Russia, according to the statistics data of the Russian Railways.

Thus Russia took some 230 thousand tons of anthracite (10 thousand tons per day) from the uncontrolled territories valued at around 400 million UAH. (Ukrainian metal)

Ukraine: metal companies demand canceling railroad tariff discount for Russia

Ukrmetallurgprom has addressed the Prime Minister of Ukraine Vladimir Groysman asking him to cancel the railroad tariff and port fee discounts for coal and ore transportation from Russia from Q2. The enterprise president Alexander Kalenkov believes that under present circumstances such a decision will make the use of the local transportation infrastructure more efficient and…

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Ukraine: Metinvest and DTEK replace directors of 2 coalminers on occupied territory

Metinvest has replaced the director of Krasnodonugol, which has lost control over its assets on the uncontrolled territory of the Lugansk region. According to the company statement, the supervisory board ended the office of the Alexander Angelovsky and appointed Valentin Kononov the acting CEO instead. DTEK has replaced director of Komsomolets Donbassa mine, which has…

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