Ukraine: wages at Sukhaya Balka up

The salary of Evraz Sukhaya Balka miners was increased by 20% from May 19.

“As the result of the May 10-11 strike with the demand to increase salary, the company decided to increase wages by 20%”, the chairman of the Independent Miners Union Mikhail Volynets wrote on his Facebook page. (Ukrainian metal)

Ukraine: anthracite consumption to fall

In 2017 Ukrainian energy sphere will consume some 7 million tons of anthracite coal as opposed to 10.5 million tons in 2016. “The difference of 3.5 million tons is covered by gas-generating coal”, the minister of energy and coal industry Igor Nasalik said. At present there is a surplus of gas coal. “The warehouses stock…


Russia: SteelAsia to buy metal

SteelAsia Manufacturing Corp. (the Philippines) has concluded an agreement with two Russian companies aiming at long-term cooperation with them. Under the $250 million contract Evraz will annually supply 50 thousand tons of billets to SteelAsia works in Davao City and in the Bulakan province. In Q1 the group purchased 240 thousand tons of Russian billets…


Russia: MMK turns into public JSC

Magnitogorsk Iron and Steel Works held an annual meeting of the shareholders. They have approved of the annual report and the accounting report for 2016, as well as decided to pay dividends for 2016 in the amount of 1.242 rubles per share. Earlier the shareholders received dividends for the first half of 2016 in the…