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Supervisory board of Zaporozhogneupor has given its preliminary consent to buy magnesite and graphite valued at 142.5 million UAH from Minmetals Japan Corporation. The corresponding decision was taken on July 15. (Ukrainian metal)
DetailsMetinvest reports on difficulties working on the Customs Union market due to the cancellation of zero duties on Ukrainian metal products. “Even where there is no antidumping duties we have to pay 5% import duties. This makes it harder to work, but still we have a strong distribution trade company in Russia and Belarus. We…
DetailsHighland Fund, a consortium established by prominent Chinese investment funds and corporations, made payment for a share in the joint venture set up together with Norilsk Nickel to develop Bystrinsky project in compliance with the signed agreement. The payment has been made after the Russian government Commission on Monitoring Foreign Investment had approved acquisition of…
DetailsIn June Ukraine produced 1830 thousand tons of steel, down by 20.7% MoM, or by 477 thousand tons. In January-June steel manufacture went up by 10.4% YoY, or by 1168 thousand tons, to 12417 thousand tons. (Ukrainian metal)
DetailsThe head of the so-called Donetsk People’s Republic Zakharchenko has decided to temporarily administrate the Donetsk Electrometallurgical Plant and create Yuzovka Iron and Steel Works on its basis, with all DEMZ assets given to the new company. Now Mechel faces the risk of losing control over DEMZ. The company is studying the situation and will…
DetailsSupervisory board of the Metinvest group has appointed Julia Dankova the financial director. Previously Dankova was the acting financial director. Alexei Kutepov, financial director since August 2013, resigned in winter 2016. (Ukrainian metal)
DetailsPoltava Mining and Processing Works believes that Germany, Austria, South Korea and Japan are its priority sales markets. According to the company chairman Victor Lotous, it plans to sell 65% Fe content pellets there. Last year PGOK exported 11494 thousand tons of iron ore pellets. (Ukrainian metal)
DetailsIn June Ukraine produced 921 thousand tons of 6% moisture bulk coke, down by 18.6% MoM, or by 210 thousand tons. In January-June coke output increased by 23.4% YoY, or by 1255 thousand tons, to 6496 thousand tons. (Ukrainian metal)
DetailsThe Kiev Commercial Court of Appeals has refused to review the lawsuit on the return of the Zaporozhye Aluminum Works to the state ownership. The court has left without satisfaction the claim of Velbay Holdings Limited (Cyprus) to review the decision of the Kiev Commercial Court of March 22, 2012, due to the new conditions.…
DetailsThe repairing team of DTEK has restored two of the four electric lines feeding Avdiivka Coke and Chemical Works. Because of the military activities 2 of the 4 lines were cut on June 8 and 29, and the remaining 2 lines – on July 20. From that day the company worked on its own generators.…
DetailsAs of July 12, importers of the 406.4 mm diameter seamless casing pipes to Ukraine used 87.04% of the quota. According to the Ministry of economical development and trade the quota from October 1, 2015 till September 30, 2016 totals 19505 tons. So far licenses for the amount of 17031 tons of have been given,…
DetailsIn June Ukraine produced 6336 thousand tons of iron ore and concentrate, down by 3.3% MoM, or by 215 thousand tons. In particular, iron ore output dropped by 2.8% MoM, or by 31 thousand tons, to 1080 thousand tons, while that of concentrate – by 3.4%, or by 184 thousand tons, to 5256 thousand tons.…
DetailsPoltava Mining and Processing Works plans to invest some $50 million into development. In 2015 the company had to stop its investment program as to the capacity increase, with the cost of maintenance projects being $50 million. This year PGOK intends to keep its investments on the level of 2015. (Ukrainian metal)
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