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ArcelorMittal Kriviy Rih has dismissed Ashokkumar Sitaram Sonthalia from the office of the financial director, chief accountant and appointed Pavel Zadorozhny acting FD instead. According to the company statement, Sontalia resigned. He has been in the office since June 2012. He owns no company shares. Zadorozhny has been appointed for an indefinite time and he…
DetailsThe state enterprise Ukrpromvneshexpertisa forecasts the ferrous scrap procurement in 2016 on the level of 3.3-3.5 million tons. In H1 Ukraine exported 233 thousand tons of scrap, in H2 after the export is unblocked due to the scrap export duties increase from 10 euro to 30 euro per ton, Ukraine will additionally export some 300-400…
DetailsConstruction of trestle for crane altitude change is in the progress in the main building of the smelting shop of Kola MMC (Nornickel subsidiary) in township of Nickel. The engineering structure is necessary for repair of main hoisting-and-conveying equipment. Three overhead cranes operate in main aisle of the smelting shop. They are responsible for charging…
DetailsIn July Ukraine produced 2059 thousand tons of steel, up by 12.5% MoM, or by 229 thousand tons. In January-July steel output went up by 10.4% YoY, or by 1358 thousand tons, to 14476 thousand tons. In June Ukraine produced 1830 thousand tons of steel, down by 20.7% MoM, or by 477 thousand tons. In…
DetailsMariupol Ilyich Iron and Steel Works has finished repairs of its sintering machine No. 4. According to the company CEO Yuzi Zinchenko the overhaul was completed in 30 days. In 2015 the works received 1.58 billion UAH of losses, having increased its net income by 11% YoY, or by 3.11 billion UAH, to 31.54 billion…
DetailsEnergomashspetsstal plans to supply back-up rolls with the total weight of over 140 tons to the iron and steel works of ArcelorMittal in France and Germany. In particular, Ukrainian rolls will go to АМ Atlantique et Lorraine – Florange and АМ Eisenhuttenstadt. They will be used in two different cold-rolling mills: continuous-casting and temper mill.…
DetailsNLMK Group, an international steel company with operations in Russia, the United States, and the European Union, has signed an additional agreement to its contract with Novatek for the supply of natural gas to the Lipetsk site. Similar additional agreements to contracts for the supply of natural gas to NLMK Group’s other key Russian production…
DetailsAzovstal Iron and Steel Works has put its blast furnace No. 6 into operation after capital repairs valued at 60 million UAH. “The furnace was put on hold for an overhaul on July 25”, said the company CEO Enver Tsikishvili. The repairs lasted for 22 days. In 2015 Azovstal received 1.83 billion UAH of losses,…
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