Supervisory board of ArcelorMittal Kriviy Rih has elected Davinder Chugh its chairman. Chugh worked as the AM board member responsible for Asia, Africa and CIS. He has been appointed for an indefinite time. (Ukrainian metal)
DetailsIn May Ukraine produced 2307 thousand tons of steel, up by 5% MoM, or by 110 thousand tons. In January-May steel production increased by 14.5% YoY, or by 1337 thousand tons, to 10587 thousand tons. (Ukrainian metal)
DetailsKramatorsk prosecutors have filed a claim against Kondratyevsky Refractory Works, situated in Druzhkovka, Donetsk region. According to the prosecutors press-service, the works haven’t been paying for subsidized pensions. Thus it has a debt of over 400 thousand UAH to the Pension Fund of Ukraine. Prosecutors want to get this money with the help of the…
DetailsIn May Ukraine exported $19.4 million worth of ferrous metals, while imports reached $1.09 million. According to the State Fiscal Service, the largest importer of Ukrainian scrap in May was Turkey ($19.4 million). In January-May Ukraine exported $36.25 million worth of ferrous metals, with imports on the level of $2.87 million. (Ukrainian metal)
DetailsUkrainian Association of Ferrous Metallurgy Companies (Ukrmet) and Metallurgprom have united into Ukrmetallurgprom. “There were two organizations in Ukraine that supported interests of the metal makers. They were Metallurgprom and Ukrmet”, said the Ukrmetallurgprom vice-president Dmitry Belokurov. Alexander Kalenkov was elected the president of the company. (Ukrainian metal)
DetailsNorilsk Nickel, a global nickel and palladium major, and BASF, a leader in the chemical industry, have made a joint statement regarding continuing their relationship based on the mutual exchange of ideas as well as information regarding market opportunities. As leaders in their respective industries, their joint purpose is to create innovative technologies that add…
DetailsNLMK closed its $700 million 7-year Eurobond offering with an annual coupon rate of 4.5%. Interest payments on the Eurobonds are payable semi-annually. The proceeds from the issue will be used to finance the purchase of existing notes due 2018 and 2019 in accordance with the terms and conditions of the tender offer announced May…
DetailsIn January-May Mariupol Ilyich Iron and Steel Works produced 1.08 million tons of rolled metal, up by 9.7% YoY. According to the company statement, its steel smelting went up by 9.6% YoY, to 1.22 million tons, while pig iron output increased by 6.9%, to 1.51 million tons. In May the works produced 237 thousand tons…
DetailsAlexei Potanin has been appointed acting general director of Lisichanskugol instead of Boris Perepelitsa, who has been heading the company since March. The Ministry of energy and coal industry appointed Potanin on June 13. In 2010 he worked as the acting director of Lutugin Mine Group, in 2011-2014 in coal sales company Ruteks. Lisichanskugol mines…
DetailsIn January-May Evraz Sukhaya Balka produced 1.05 million tons of iron ore, down by 8.2% YoY. According to a company representative, in May it mined 261 thousand tons of ore. In 2015 Evraz Sukhaya Balka produced 2.81 million tons of ore, down by 2.7% YoY. (Ukrainian metal)
DetailsZaporizhstal started preparing for the large-scale reconstruction of its blast furnace No. 3. Investments into the project will reach 1.47 billion UAH. The furnace will be equipped with the newest exsufflation system. The company will use semi-knock down to assemble new elements of the furnace. A special construction site has already been prepared. The reconstruction…
DetailsIn January-May ArcelorMittal Kriviy Rih produced 2.41 million tons of rolled metal, up by 6.1% YoY. According to the company statement, steel smelting went up by 6%, to 2.73 million tons, while pig iron output increased by 12.6% YoY, to 2.56 million tons. Sinter output rose by 10.2% YoY, to 4.48 million tons, that of…
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