Armenia: Lydian International CEO steps down

Lydian International President and CEO Joao Carrelo is stepping down, the company said in a news release. It said Carrelo was leaving the position effective from June 12 “as part of the company’s restructuring program”. Lydian also announced that the board of directors had appointed Edward Sellers, a current member of the board of directors,…

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Russia: Severstal unveils new client-centric corporate structure

Severstal organizational structure has been reconfigured to support its updated strategy and ensure it consistently delivers an excellent customer experience. Based on agile business principles, all of the company’s production and “selling” divisions now fall under two streams – upstream and downstream, for which common business goals are set. Upstream includes all of Severstal’s raw…

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Ukraine: ferrous metals exports revenue down in January-May 2019

In January-May, Ukraine exported $4.068 billion worth of ferrous metals, down by 8.3% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.47% of all export revenue as opposed to 22.81% last year. In May ferrous metals export revenue was $888.2 million. In 5 months Ukraine decreased ferrous metals imports by 5.5%, to…

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