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Metinvest gets Antimonopoly Committee nod for Ilyich merger

Metinvest BV (Netherlands) has obtained a formal approval of the Antimonopoly Committee of Ukraine for acquisition of newly issued shares of the Ilyich Steel, PSC and Mariupol Ilyich Iron and Steel Works, PJSC thereby gaining more than 50% voting rights in managerial bodies of aforementioned companies. This is another important step Metinvest BV has taken towards…


Ukraine increases manganese ore production

It is reported that in January to July Ukrainian mining companies increased manganese raw materials production 2.43 times compared to the same period of last year to 1.047 million tons.During seven months of the year Marganetsky GOK increased manganese concentrate production 3.45 times, to 416,100 tons. Orjonikidzevsky GOK increased production of manganese concentrate by 53.6%…


Peru may cancel AD duties on HR and CR steel imports from Russia and Ukraine

Russia Ministry of Economic Development has announced that, Peru National Institute for the Defense of Competition and the Protection of Intellectual Property by resolution No 125-2010 has opened a process of revising the antidumping duties on imports of hot rolled and cold rolled steel from Russia and Ukraine imposed in 1999. According to established procedure,…


ArcelorMittal Kriviy Rih facing VAT refund problem in Ukraine

Rusmet reported that Mr Arno Poupar Lafarge Executive Vice President of ArcelorMittal considers that no return of VAT to ArcelorMittal Kriviy Rih is a specific for Ukraine method of authorities to steal money from business. Mr Lafarge said “Our company is represented in many countries of the world and in some of them economic situation…


IUD Alchevsk and DMKD production results for 7 months

It is reported that Alchevsk Iron and Steel Works and Dneprovsky Iron and Steel Works named after F Dzerzhinsky the steelmaking subsidiaries of the Ukrainian steel producer Industrial Union of Donbass have issued their production results for the first seven months of the current year. Accordingly, in January to July 2010 Alchevsk Iron and Steel…


ArcelorMittal Kriviy Rih reports July production results

OJSC ArcelorMittal Kriviy Rih announced its July production results. Product types Jul’10 Jul’09 Jan-Jul’10 Jan-Jul’09 Pig iron 419.4 458.5 3,083.2 2,485.5 Steel 492.4 523.6 3,556.5 2,810.0 Rolled products 416.1 443.2 3,054.0 2,570.1 In thousand tonnes Mr V Vaideeswaran CFO of ArcelorMittal Kriviy Rih said “July production was stable with no major operational problems. As for…