Ukraine: DZM appoints supervisory chairman

The supervisory board of Dniepropetrovsk Metal Structures Works named after Babushkin has appointed Ulyana Semchishin its chairman. According to the company statement, Semchishin has been appointed for 3 years, and previously worked as the director of Ferkon Holding Ltd. The supervisory board has also appointed a new secretary – Margarita Semenova, an ex-director of Rudne…

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Ukraine: UGOK chooses life insurer

Yuzhniy Mining and Processing Works has chosen the insurance company Ingroup to insure the life of its employees. According to the company statement, 437 employees will be insured, with 124 being employees of the automobiles park in Zheltye Vody, 88 – Ingul mine, and 75 – of Smolinskaya and Novokonstantinovskaya mines, as well as the…

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Ukraine: rolled metal deliveries to local market up in H1 2016

Ukrainian Mining and Metallurgical Company notes the increase in rolled metal (without tubes) supplies to the local market by 34.8% YoY, to 1.93 million tons, in January-June.

With pipes deliveries totaled 2.15 million tons, added the company.

Metal imports in H1 increased by 58% YoY, to 0.31 million tons. (Ukrainian metal)

Ukraine: AZOTSM to close down Vtortsvetmet in Donetsk

Artemovsk Non-Ferrous Metals Processing Works has decided to close down its subsidiary Vtortsvetmet in Donetsk, as it simply can’t operate.
The subsidiary was responsible for leasing and exploitation of its own or leased real estate; fuel, ore, metal and industrial chemicals trade, as well as warehousing. (Ukrainian metal)

Ukraine: Interpipe to sell 565 million UAH worth of pipes to Ukrgazdobycha

The state-extracting company Ukrgazdobycha has accepted the offer of Interpipe for the delivery of casing pipes with the total weight of 11.35 thousand tons valued at 565.18 million UAH. The pipes will be supplied by 2017. Metall-Impex, Dniepropetrovsk Works of Drilling Equipment, Dniepropetrovsk Tube Works, Nefteservis, Energo-Invest and Business Global also participated in the trade.…

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Ukraine: DZM appoints acting CEO

Dniepropetrovsk Metal Structures Works named after Babushkin has dismissed Rustem Asilgareev from the office of the general manager and appointed Helen Tarasenko acting CEO instead. Asilgareev has been in the office for 15 months. Tarasenko has been appointed for an indefinite term. Previously she worked as the financial director of the company. Neither owns company…

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Ukraine: ore prices to fall

The state enterprise Ukrpromvneshexpertisa (UPE) believes iron ore raw materials prices in October (Australian Fe 62% ore CFR China) will drop below $50 per ton on the world market. “We’re not yet sure how long it will last – a week, 2 or 3, but the prices will be below $50”, said the company analyst…

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