In June Zaporozhye Ferro Alloys Plant produced 24.5 thousand tons of ferroalloys, down by 1.2% MoM, or by 0.3 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, in January-June ZZF decreased ferroalloys output by 12% YoY, or by 18.5 thousand tons, to 135.1 thousand tons. (Ukrainian metal)
DetailsThe preparation to put the second section of Avdiivka Coke and Chemical Works into operation, started on July 21, was stopped because of another shelling. On July 21, the company CEO Musa Magomedov informed that 2 damaged electricity lines were repaired. This allowed Avdiivka Coke to start preparing the second section of the works for…
DetailsIn June Ukraine exported $146.95 million worth of long rolled metal, while imports reached $12.3 million. According to the State Fiscal Service, the main importer of long rolled metal in June was Russia ($23.78 million). In January-June long rolled exports totaled $821.4 million, with imports on the level of $68.41 million. (Ukrainian metal)
DetailsOn July 15, ArcelorMittal Kriviy Rih dismissed Davinder Chugh from the office of the supervisory board member. According to the company statement, Chugh has been in this office for 2 years and has resigned. (Ukrainian metal)
DetailsSupervisory 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)
Details