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.
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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.
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.
In January-March Poltava Mining and Processing Works exported 3.17 million tons of iron ore pellets.
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.
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.
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.
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.
A people’s deputy Sergey Taruta supports limitations of ferrous scrap exports from Ukraine.
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.
The Ministry of economical development and trade plans to pass to the Verkhovnaya Rada the decree on scrap market decriminalization.
Ukraine is suffering from the drastic shortage of scrap. This has already affected output and the country economy, say Zaporozhye and Mariupol mayors in their letter to the parliament.