On November 25 the Zaporizhstal shareholders meeting will approve of appointing Alexander Mironenko the new CEO of the company. Mironenko will replace Rostislav Shurma. Shurma has been chairing the company for the past 7 years, and have been working for Metinvest for 13 years. In early October local media spoke of the Metinvest supervisory board…
DetailsOn October 29 miners from across Ukraine intend to hold a protest meeting in Kyiv. They demand to clear their salary debts of $47 million. As of October 21 the debts to miners have reached 1.172 billion UAH. Verkhovna Rada has already passed the amendments to the state budget at the first reading. But the…
DetailsIn January-September Cherepovets Iron and Steel Works decreased energy resources consumption compared with the nine months of 2018. Thus, the company was able to save 156 million rubles. In particular, electricity consumption decreased by 17.6 million kW-h, fuel – by 12.5 thousand tons and oxygen – by 19.7 million cubic meters. Energy consumption at CherMK…
DetailsRussian Copper Company plans to spend 12.2 billion rubles on upgrade of its copper plant Karabashmed until 2022, the company said in a statement. “The company plans to raise the capacity of the blister copper plant by about one-third, to 230,000 tons per year and to set up a new site for production of copper…
DetailsEmployees of Dneprovsky Iron and Steel Combine have made a video address to the President of Ukraine Vladimir Zelensky, in which they ask him to nationalize the company. “The management are doing all in their power to halt the enterprise: the metallurgical giant is simply being killed – out of three blast furnaces two have…
DetailsMetinvest has transferred its shares of Zaporizhstal from its Cyprus companies – Brandfeld Finance Ltd. and Lasartico Holdings Ltd – to Metinvest B. V. (the Netherlands). The share of Brandfeld Finance Ltd. dropped from 23.92% to zero, and that of Lasartico Holdings Ltd. from 26.081% to zero. The share of Metinvest B. V. in Zaporizhstal…
DetailsThe board of directors of Sredneuralsk Copper Smelting Works at its meeting on October 22 approved of opening a credit line for 5.6 billion rubles with Gazprombank. The interest rate will be 12% in rubles and 9% in euros and dollars. The funds will be borrowed in order to refinance the company liabilities to other…
DetailsKola Iron and Steel Company has repaired its reverberatory furnace No. 1 in the metallurgical shop. The repair lasted for 10 months and became the largest volume- and cost-wise in the company 40-year history. The capacity of the furnace is 350-400 tons of copper matte per day. The repair cost was 130 million rubles. (Ukrainian…
DetailsIn January-September Norilsk Nickel net profit grew almost 2.7-fold YoY, to 389.5 billion rubles. Revenue increased by 42%, to 636.4 billion rubles. Gross profit went up by 48%, to 416 billion rubles. Sales profit reached 381.5 billion rubles, up 1.5-fold, and EBITDA – 469 billion rubles, up 2.5-fold. (Ukrainian metal)
DetailsIn January-September Ukrzaliznytsia increased iron and manganese ore transportation by 3.5% YoY, to 51.8 thousand tons. According to the State Statistics Service, ferrous scrap transportation dropped by 17.7%, to 1.8 thousand tons. Transportation of ferrous metals decreased by 2.9%, to 14.6 thousand tons, and coke – by 9.2%, to 3.3 thousand tons. (Ukrainian metal)
DetailsIn January-September Bratsk Ferroalloys Works increased FS75 ferrosilicon manufacture by 43% YoY. Sales grew by 51%. Ferrosilicon is mostly exported, including to new customers from the Asian-Pacific Region. (Ukrainian metal)
DetailsBeloretsk Iron and Steel Works has finished capital repairs of a main manufacturing shop – rolling mill-150 to produce steel billets for wire. 70 million rubles were invested in the repair. The mill was commissioned in 1979. It has an annual capacity of 600 thousand tons of high-quality wire rod. In 40 years the mill…
DetailsRimera-Service has passed attestation of correspondence of its products to Rosneft technical requirements. The specialists have checked the main processes to manufacture pump-compressor pipes of billets supplied by ChTPZ. Following the audit the Rimera-Service products were considered corresponding to Rosneft requirements 6.0. (Ukrainian metal)
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