Mechel announces that Glass Lewis and ISS, independent proxy advisory firms, have recommended Mechel shareholders to vote to approve the deals with creditors at the company’s extraordinary general meeting scheduled for May 26. Glass Lewis and ISS recommended that Mechel shareholders approve of the transactions on providing and changing suretyships and pledges provided by the…Details
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Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max min max February 37 43 44 51 March 40 46 64 68 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the…Details
In 2015 Novotroitsk Mine Group received 181.56 million UAH of net profits. According to the company statement, its net income increased 2.8 times YoY, or by 282.79 million UAH, to 439.68 million UAH. (Ukrainian metal)Details
Shareholders of Zaporozhkoks have changed the ownership of the company from public to private joint-stock company. This has been done based on the Decree “On joint-stock companies”. The shareholders have also stipulated the new articles of the organization that came into effect on May 1. (Ukrainian metal)Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max February 305 615 271 279 265 295 260 270 March 305 615 273 318 360 385 340 380…Details
Shareholders of Yenakievo Iron and Steel Works have increased the number of the supervisory board members from 1 to 5. Metinvest B.V. (the Netherlands) was dismissed from the board, and Yuri Ryzhenkov, Alexander Pogozhev, Julia Dankova, Svetlana Romanova (all of them being representatives of Metinvest B.V.) and Sergey Korenitsin (an independent director) were appointed instead,…Details
In 2015 Yasinovskiy By-Product Coke Plant received 357.01 million UAH of losses, up by 61% YoY, or by 135.2 million UAH. Last year the company decreased its net income by 40.68% YoY, or by 785.05 million UAH, to 1144.55 million UAH. (Ukrainian metal)Details
In 2015 Marganets Ore-Repairing Works received 0.14 million UAH of net profits. According to the company statement, its net income last year increased by 77.76% YoY, or by 19.22 million UAH, to 43.94 million UAH. The works repairs mining and processing machinery and produces spare parts. (Ukrainian metal)Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max min max February 249 327 225 271 March 281 327 262 271 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the…Details
In April Yuzniy Mining and Processing Works produced 136.9 thousand tons of sinter, up by 13.1% YoY. At the same time, its concentrate output dropped by 5.6% YoY, to 889.5 thousand tons. According to the company statement, in January-April it produced 3603.8 thousand tons of concentrate and 532.2 thousand tons of sinter, down by 3.8%…Details
ArcelorMittal Kriviy Rih has completely stopped delivering its metal to Russia, as it’s economically inexpedient, but could resume the shipping provided the price increases. “We don’t sell much in Russia. But we could possibly resume our sales there”, said the company CEO Paramjit Kahlon. According to him, the market started to revive and metal prices…Details
Energomashspetsstal has received an order from AH Industries (Denmark) to produce rotor shafts for wind turbines MM92. The machinery will be used by the largest wind generators producer in Germany Senvion SE. “EMSS will supply 15 rotor shaft billets for wind generators weighing 132.75 tons. The company will fully process the billets and supply them…Details