Metinvest expects that the general manager of Ukrzaliznytsia Wojciech Balczun will work on the improvement of the company effectiveness. “We hope that all the tariff payments that Ukrzaliznytsia receives from metal companies, will be spent on fuel, spare parts and new locomotives, so that the company increases its effectiveness. The tariffs have been increased several…
DetailsArcelorMittal Kriviy Rih intends to shut down its open-hearth manufacture when it completes its project of gas-purifying machine assembly at the converter shop. “The operation of the open-hearth furnace was closely connected with the gas-purifying machine project in the converter shop. The sooner we finish the project, the sooner we will close the open-hearth manufacture”,…
DetailsShareholders of Avdiivka Coke and Chemical Works have decided to increase the supervisory board from 1 to 5 members. According to the company statement, Yuri Ryzhenkov, Alexander Pogozhev, Julia Dankova, Svetlana Romanova (all of them top-managers at Metinvest Holding and representatives of Metinvest B. V.) and Alexei Kolchanov (corporate secretary at Metinvest Holding) have been…
DetailsShareholders of Komsomolskoye Mine Group have decided to increase the supervisory board from 1 member to 5. According to the company statement, Yuri Ryzhenkov, Alexander Pogozhev, Julia Dankova, Svetlana Romanova and Olga Larina (all of them top-managers at Metinvest Holding) have become members of the supervisory board. They have been elected for 3 years. At…
DetailsTwo of the largest blast furnaces at Magnitogorsk Iron and Steel Works set new records for monthly volumes of pig iron in April. Blast furnace No. 9 produced 157.49 thousand tons of pig iron, beating its previous monthly record of 153.52 thousand tons, set in July 2013. Blast furnace No. 10 also set its own…
DetailsDneprovsky Iron and Steel Works wasn’t able to reach its output target in April. The reasons haven’t changed since the year start: absence of raw materials, lack of coke and scrap. According to the company statement, in April it produced 59.6 thousand tons of sinter less. Blast furnaces stood idle because of the lack of…
DetailsIn April scrap shortage in Ukraine totaled 34 thousand tons, or 12% of the metal companies need. “With scrap deficiency imports of Russian hot-briquetted iron (HBI) increased 9.6 times”, said Interpipe. Local market received 264 thousand tons of scrap, while it needed 298 thousand tons. “Ukraine wasn’t able to satisfy its needs because of the…
DetailsEnergomashspetsstal has cast and forged the hemispheric ingot weighing 125 tons for the manufacture of the high-pressure steam-generator shell for Kudankulam nuclear power station in India. “Taking into account technical characteristics, this ingot is the only one on the ex-USSR territory. The shell is also the first product of such weight to be produced from…
DetailsIn April Ukraine produced 2063 thousand tons of pig iron (68.8 thousand tons on average per day, up by 4% MoM), 2201 thousand tons of steel (73.4 thousand tons, up by 5% MoM) and 1967 thousand tons of rolled metal (65.6 thousand tons, up by 8% MoM). In January-April output was as follows: pig iron…
DetailsShareholders of Donetskkoks have decided to increase the supervisory board from 1 member to 5. According to the company statement, Yuri Ryzhenkov, Alexander Pogozhev, Julia Dankova, Svetlana Romanova (all of them top managers at Metinvest Holding) and Maxim Novikov (Ingulets Mining and Processing Works legal department director) have been elected members of the board for…
DetailsNorilsk Nickel, the world’s largest refined nickel and palladium producer, hosted its annual strategy day. The management reported on the main results of the completed strategic cycle of 2013-2015 and set key goals and priorities for the next strategic cycle of 2016-2018. In 2013-2015, a significant progress was achieved in transforming Norilsk Nickel into a…
DetailsShareholders of Zaporozhkoks have decided to increase the supervisory board from 1 member to 5. According to the company statement, Yuri Ryzhenkov, Alexander Pogozhev, Julia Dankova, Svetlana Romanova (all of them top managers at Metinvest Holding) and Andrei Akulich (Zaporizhstal commercial director) have been elected members of the board for 3 years. At the same…
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