Ukraine: ISD appoints a new executive director
The Industrial Union of Donbass corporation has appointed Maxim Zavgorodny, the Dneprovsky Iron and Steel Works named after Dzerzhinsky CEO, its new executive director.
Ukraine: Metinvest to buy spares for locomotives
Metinvest decided to buy spare parts for 7 locomotives belonging to Ukrzaliznytsya (Ukrainian Railways) to serve on the Kamysh-Zarya – Volnovakha line, where the company transports most of its products.
Ukraine: AMKR to invest $1.2 billion in development
In 2016-2020 ArcelorMittal Kriviy Rih plans to invest $1.2 billion in its development.
Ukraine: gas explosion at Krasnolimanskaya mine
A gas-air mixture exploded at Krasnolimanskaya mine when the militarized mine-rescue squad of the Ministry for energy and coal industry was working there. One person was killed and two injured.
Ukraine: AMKR confirms interest in Oktyabrsk port privatization
ArcelorMittal Kirviy Rih has confirmed its interest in using the quay of the special seaport Oktyabrsk in Nikolaev for loading of its products.
Metals of Ukraine & Russia: sinter ore, September 2015
Month Russian market, $/t, EXW, without VAT, $1/RUR66.237* Ukrainian market, $/t, without VAT, EXW, $1/UAH21.528* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max min max August 15.10 18.94 25.32 30.43 35.00 40.00 35.00 45.00 September 15.10 18.87 22.06 27.10 35.00 40.00 40.00 45.00 * -…
DetailsUkraine: AMKR to buy gas from Naftogaz under favorable conditions
ArcelorMittal Kriviy Rih CEO Paramjit Kahlon said the company was willing to buy natural gas from Naftogaz if it offered more favorable terms.
Ukraine: railroad transport decree needs reworking
The Railroad Transport draft law needs to be returned to the Ministry of infrastructure, as it doesn’t take into account most of the remarks of the carriers, says the Metallurgprom president Alexander Kalenkov.
Metals of Ukraine & Russia: squares (ordinary steel), September 2015
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH21.528* min max August 470.70 470.70 September 456.39 456.39 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.09.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
DetailsUkraine: AMKR exports less than 1% of its products to Russia
ArcelorMittal Kriviy Rih sells less than 1% of its products on the Russian market.
Ukraine: the tax reform to completely drive scrap business into shadow
The tax reform stipulates the implementation of the income tax for the ferrous and non-ferrous metal scrap.
Ukraine: AMKR in the red for 11 months
ArcelorMittal Kriviy Rih has been working with losses for the past 11 months because of selling most of its metal products cheaper than the prime cost.