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Russia: Glass Lewis and ISS recommend Mechel shareholders to vote “for” deals with creditors

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…

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Ukraine: AMKR to resume shipping to Russia

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…

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