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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…
DetailsIt 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%…
DetailsUkraine Ministry of Industrial Policy expects increases in the country average daily output of main steel products in September.According to the forecast of the Ukrainian association of metal producers Metallurgprom, in September this year Ukraine’s average daily pig iron production will increase to 75,500 tons from 64,800 tons in July, the average daily crude steel…
DetailsRussia 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,…
DetailsIt is reported that in January to July 2010, the Ukrainian flat steel producer Ilyich Iron and Steel Works of Mariupol saw its crude steel production rise by 35%YoY to 3.103 million tonnes. In January to July this year, Ilyich finished steel product output went up by 28.7% to 2.11 million tonnes, its pig iron…
DetailsAccording to Mr Vasily Kharahulah director of Metallurgprom, Ukrainian steelmaking companies keep reduction of production. So daily average iron smelting reduced by 2200 tonnes compared to June to 64,800 tonnes. As Mr Kharahulah noticed, the minimum level of iron and steel products production is reached in June during 2010. The downwards trend is kept in…
DetailsRusmet 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…
DetailsIt is reported that in January to July 2010 Ukrainian steelmaker Zaporizhstal finished steel product output increased by 0.6%YoY to 1.594 million tonnes while its crude steel production rose by 2.4% YoY to 1.94 million tonnes As per report, the plant saw a 1.4%YoY growth in its pig iron output to 1.604 million tonnes and…
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