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Metinvest has attracted a loan of 43.2 million euros for 7 years to finance the Mariupol Ilyich Iron and Steel Works. The loan is covered by the Austrian export guarantee issued by Oesterreichische Kontrollbank AG. The money will be spent to finance the construction of the continuous casting machine No. 4 at Mariupol Ilyich by…
DetailsUkraine’s Economic Development and Trade Ministry says the European Commission has decided to impose preliminary protective measures within an investigation into metal products, introducing tariff quotas for imports of 23 types of such produce for 200 days from July 19. “Tariff quotas will be applied on the basis of the “first come, first served” principle.…
DetailsMetinvest, the vertically integrated group of steel and mining companies, has settled another part of its pre-export finance (PXF) facility ahead of schedule. This underscores the group’s pledge to lower debt further following the conclusion of the debt refinancing in April, the largest transaction by a Ukrainian corporate to date. In it, Metinvest refinanced $2,271…
DetailsMiners of Lviv region have started receiving salary for June. According to the Lviv Regional State Administration press-service, the state enterprise Lvivugol has received 12 million UAH from the sale of coal. All the money was spent to pay salary for June. It is reported that miners received 9% of the overall amount of June…
DetailsIn January-May, according to the customs statistics, imports of seamless pipes of corrosion-resistant steel totaled 22.1 thousand tons valued at $61 million, up 2.9-fold and 1.6-fold YoY respectively. This is the largest volume of imports in the past 7 years. The main supplier is Kazakhstan (60%), followed by China (19%) and Ukraine (5%). (Ukrainian metal)
DetailsIn January-May, according to the customs statistics, Russia imported 109.3 thousand tons of corrosion-resistant steel valued at $250 million, down by 2.3%, but up by 4% YoY respectively. Rolled metal with the sheet width of 600 mm accounts for some 90% of the imports. China is the main supplier (46%), followed by Taiwan (15.5%). Spain…
DetailsIn May, according to the customs statistics, Russia exported 8.3 thousand tons of corrosion-resistant steel scrap valued at $8 million, up by 81% and by 75% YoY respectively. In January-May exports grew by 19.2% YoY, to 39.9 thousand tons, valued at $41.5 million, up by 23.5%. 8%-nickel containing scrap accounted for 75% of the total…
DetailsSeverstal board of directors has recommended paying dividends for April-June in the amount of 45.94 million rubles. The voting on the issue will be held at the next shareholders meeting scheduled for September 14. The list of the shareholders entitled for the dividend payment will be created on September 25. (Ukrainian metal)
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