Ukraine: Metinvest gets Ilyich-Steel shares of Mariupol Ilyich

Private limited company Metinvest B.V. (the Netherlands) has increased its share in the Mariupol Ilyich Iron and Steel Works from 74.722268% to 99.322555%. According to the group’s statement, its stake of voting shares in Mariupol Ilyich is now 99.619059%. Ilyich-Steel share in Mariupol Ilyich Iron and Steel Works decreased from 24.494605% of ordinary shares and…

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Russia: VSMPO-Avisma investment plan for 2017

VSMPO-Avisma Corporation has affirmed the investment plan for 2017. According to the general director Mikhail Voyevodin, the total investment funds this year will reach 10 billion rubles. The sheet-rolling complex will have to finish the investment project of plate straightening and annealing machine implementation. The smelting complex and the mechanical treatment shop will also draw…

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Ukraine: AMKR teaches English and IT-technologies to children of its employees

PJSC ArcelorMittal Kriviy Rih continues educating children of company’s employees in English and IT-technologies at specialized schools “SmartStart English with ArcelorMittal” and “SmartStart IT with ArcelorMittal”. From January 13 till February 3, PJSC ArcelorMittal Kriviy Rih opens the application submission from company’s employees who want their children to study English or computer sciences. In the…

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Ukraine: government cancels scrap export contract registration

The Cabinet of Ministers of Ukraine has simplified the procedure of scrap export registration and canceled the decree on the registration. This will liberalize foreign trade and eliminate old obstacles. “The decision cancels the red-tape procedure of contract registration, opening the free scrap exports, improving the business climate in Ukraine and decreasing corruption risks”, the…

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Russia: no more scrap for TMK

The Pipe Metal Company, one of the world’s largest pipe producers, has sold TMK-Chermet for 6.2 billion rubles. “This sale has decreased our net debt”, the company said in a statement. The deal will not result in the change of the supply system. “TMK will still receive scrap under competitive market conditions”, the statement reads.…

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