Russia: MMK decreases steel demand forecast

MMK has decreased the forecast of demand for its products this year almost 2-fold because of the tax reform. While seeking money for pre-election promises of president Vladimir Putin, Russian authorities suggested increasing the base rate of added value tax by 2%. “Last year steel consumption in Russia grew by 6.5%. This year we estimate…

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Ukraine: coal output down in H1 2018

In January-June Ukraine increased power-generating coal output by 2.3% YoY, to 13.293 million tons, but decreased that of coking coal by 9%, to 3.2 million tons. According to the Ministry of energy and coal industry, combined coal output in 6 months dropped by 0.1%, to 16.495 million tons. State mines decreased coal output by 8.8%,…

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Ukraine: AMKR to allocate 30 million UAH to social projects implementation

PJSC ArcelorMittal Kriviy Rih will provide for realization of social projects that will enable to improve Kriviy Rih city environment. Paramjit Kahlon, the company’s CEO, and Yuriy Vilkul, Kriviy Rih mayor, signed social partnership agreement. Yuriy Vilkul: “PJSC ArcelorMittal Kriviy Rih is a core company of the city. It is highly important that besides performance…

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