Russia: UC Rusal and TransContainer sign long-term agreement
UC Rusal, a leading global aluminum producer, and TransContainer announce the signing of a 3-year contract to ship Rusal products in containers.
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Ukraine: AMKR CEO appointed CEO of AM CIS
Paramjit Kahlon, vice-president of ArcelorMittal Kriviy Rih and member of the group management committee, has been appointed the chief executive officer of ArcelorMittal CIS (ArcelorMittal Kryviy Rih and ArcelorMittal Temirtau, Kazakhstan), effective as of May 1, 2016. As before, he reports to Davinder Chugh, senior executive vice-president of ArcelorMittal and chief executive officer of Africa…
DetailsRussia: Norilsk Nickel board approves of quasi-treasury shares sale to Crispian
The Board of Directors of Norilsk Nickel has approved of the sale to Crispian Investments Limited of 1250075 ordinary shares (constituting 0.79% of the total share capital of the company) for a total of $158 million.
Ukraine: metal companies calling for mining meeting
Heads of Ukrainian metal companies have addressed the Prime-Minister Vladimir Groisman, asking him to arrange a meeting to discuss the problems in the industry and develop the program of stabilization.
Ukraine: Security Service stops pipe imports from Russia
The Security Service of Ukraine has prevented the purchase of low-quality pipes from Russia valued at almost 25 million UAH by a state enterprise in Poltava region.
Ukraine: PGOK exports 3 million tons of pellets in Q1 2016
In January-March Poltava Mining and Processing Works exported 3.17 million tons of iron ore pellets.
Ukraine: scrap export duty up
The Verkhovnaya Rada of Ukraine has passed an act on the increase of the ferrous scrap export duty from 10 euro per ton to 30 euro for 3 years. 268 people’s deputies have supported the act.
Ukraine: PFK to switch from Kazakh coal to Ukrainian coal
Pobuzhye Ferronickel Plant plans to stop importing power-generating coal from Kazakhstan and switch to Ukrainian raw materials.
Ukraine: Mariupol Ilyich and Zaporizhstal comments on Turkey’s decision to cancel hot-rolled metal investigations
The Ministry of economy of Turkey has cancelled temporal measures on hot-rolled coil imports from China, Russia, Japan and Slovakia.
Ukraine: Mariupol Ilyich brings out 8 new products
In 2016 Mariupol Ilyich Iron and Steel Works has started producing 8 new types of products, with the most of them coming from the cold-rolled shop.
Ukraine: Evraz DMZ semis output down in Q1 2016
In January-March Evraz Dniepropetrovsk Iron and Steel Works named after Petrovsky decreased steel semi-finished products (billets) output, at the same time increasing rolled metal (structural steel) output. According to the company statement, this has to do with the market demand.
Ukraine: people’s deputies supporting scrap export limitations
A people’s deputy Sergey Taruta supports limitations of ferrous scrap exports from Ukraine.
Ukraine: Zaporizhstal demands scrap export duty of 60 euro
Under the current price situation on the global markets, scrap export duty from Ukraine should be on the level of 50-60 euro per ton.