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Chelyabinsk Iron and Steel Works, a part of Mechel, has successfully passed the re-certification audit for the compliance of its construction materials with the state standards. The company has received certificates for 14 types of products, including the flange beam, the manufacture of which has started in the beam-rail shop. The certificates allow the company…
DetailsIn 2016 Zaporozhogneupor increased tax payments to the local budget by 74%, or by 12.6 million UAH, to 29.6 million UAH. According to the company statement, in 2015 it paid 17 million UAH of taxes. The key factors for the increase of taxes in 2016 were the growth of salary by 23% and payments for…
DetailsThe Mariupol Ilyich Iron and Steel Works will have additional expenses of 700 million UAH following the increase of railroad tariffs, and 10% of its products will become profitless, the company CEO Yuri Zinchenko said. “In case of another tariff increase 10% of our 2017 orders will automatically become profitless. Why? Because the prime cost…
DetailsUkraine expects the European Union to cancel the antidumping duty on the import of steel ropes after almost 19 years, the deputy economy development and trade minister, the trade representative of Ukraine Natalia Mykolskaya wrote on her Facebook page. She noted, these were the last antidumping measures against Ukrainian export to EU. “These measures resulted…
DetailsThe mine named after Zasyadko in the pro-Russian terrorist-occupied Donetsk resumed operation after shelling. “The energy supply to the mine has been restored, the miners started working”, the separatist media report. The mine was cut off from electricity on January 31, following intense shelling. Some 200 miners remained underground. During the day they have all…
DetailsThe salary debts to state miners decreased by 83%, to 36.9 million UAH as of January 1. According to the Ministry of energy and coal industry, the debts decreased by 75.5% YoY, or by 111.66 million UAH. On the whole as of January 1, the state enterprises managed by the ministry and situated on the…
DetailsSteelmaker Severstal, controlled by Russian tycoon Alexei Mordashov, expects possible government claims to amount to about $400 million of taxes on dividends transferred to the British Virgin Islands through Cyprus companies in 2009-2015. The company said that the figure was based on 2015 changes in the law on controlled foreign corporations aimed at regulation of…
DetailsRussian oil and gas pipe maker TMK plans to sell 139 million common shares at 75 rubles per paper during a secondary public offering (SPO) to raise about 10.417 billion rubles from the placement, the company said in a statement. Earlier TMK said it launched the SPO to offer up to 139 million common shares…
DetailsThe state enterprise Lvivugol has received 14.7 million UAH for the sale of coal. “All the money was spent to pay salary to miners. They have received their December 2016 salary in full”, the energy and fuel department of the Lviv state regional administration reported. (Ukrainian metal)
DetailsFollowing Taiwan that in mid-January announced it would join the consultations between Japan and India on the Indian steel imports limitations, Ukraine and Russia decided to do the same. According to Russia, the import limitations, imposed by India in 2015-2016, resulted in the decrease of Russian exports to India by 38% YoY in 2016, to…
DetailsYakutugol, a part of Mechel, has purchased two new excavators EKG-18 for the operation at its Neryugrinsky mine. The new machinery was purchased within the program of technical modernization of the enterprise. The cost of the two machines is around 1.2 billion rubles. The first excavator will be put into operation in March. The excavators…
DetailsOn February 15, the Eurasian Economic Committee will hold a public hearing within the antidumping investigation of the Ukrainian hot-rolled angles supplies to the territory of the Customs Union. The investigation started in August 2016, following the complaint of Evraz ZSMK and NTMK. Severstal and MMK were also interested in implementation of limiting measures. (Ukrainian…
DetailsMetinvest fears the blast furnaces of its Azovstal Iron and Steel Works could decrease output to the lowest possible level because of the lack of coke. According to the group’s press-service at present all the blast furnaces are operating, as they get coke from the 3 coking batteries. But they are not enough to provide…
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