Ukraine: Metinvest secures new financing facility in equipment leasing deal

According to Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, following the successful debt restructuring completed in March, one of its subsidiaries has secured a new financing facility as part of an equipment leasing agreement. Ingulets GOK, one of the group’s key iron ore producers, has agreed to…


Ukraine: DSS closes its Moscow office

Dneprospetsstal has closed its office in Moscow. The decision has been taken by the company supervisory board.

“The office will be closed due to the economical inexpediency of its further operation”, the company said.

The office was a representative and the protector of DSS trade interests in Russia. (Ukrainian metal)

Ukraine: EMSS to fulfill BHEL order

Energomashspetsstal has signed a contract to produce and delivery machinery for Bharat Heavy Electrical Limited.

According to the agreement, EMSS will produce 3 turbine generator rotors of low pressure.

The total weight of the machinery is 197.7 tons.

The delivery to the Indian city of Haridwar is scheduled for Q4 2017. (Ukrainian metal)

Russia: metal suppliers to discuss cooperation with structures works

On June 7 the Russian union of metal suppliers together with the Association of steel construction development will hold a round table “Development of cooperation of metal structures manufacturers and metal suppliers” within the II international specialized exhibition Metal Structures’2017. In the course of the event its participants will discuss the cooperation in delivery of…


Russia: NLMK shareholders reelect president

Shareholders of NLMK Group at its Annual General Meeting on June 2 voted to confirm Oleg Bagrin as the Group’s President and Chief Executive Officer; and to elect a new Board of Directors, which includes five independent directors. Nine members of the Board of Directors were elected, including five independent directors: Vladimir Lisin, Oleg Bagrin,…


Russia: Nornickel and the Trans-Baikal territory enter into a cooperation agreement

Within the framework of the St Petersburg International Economic Forum (SPIEF 2017), Natalya Zhdanova, the governor of the Trans-Baikal territory, and Elena Bezdenezhnykh, Vice-President, State Secretary, Head of GR of Nornickel, signed a social and economic cooperation agreement. Under the agreement, the government of the region will support Nornickel’s investment projects, particularly the company’s key…


Ukraine: Metinvest presents $318 million environmental program to Prime Minister

Prime Minister of Ukraine Volodymyr Groisman visited Azovstal Iron and Steel Works on June 1. During his visit, the head of the government had a look at blast furnace No. 4, the most innovative and environmentally friendly smelting facility in Ukraine. Enver Tskitishvili, Azovstal CEO, and Yuri Zinchenko, Mariupol Ilyich Iron and Steel Works CEO,…


Ukraine: Azovstal constructs powerful complex for blast furnaces

The department of the State Architecture-Construction Inspection in Donetsk region has checked the object of the fifth difficulty category: “The construction of the first stage of the pulverized coal fuel preparation and injection complex for Azovstal blast furnaces”. The inspectors have checked the finished construction of the object on 1 Leporsky Street in Mariupol, as…


Ukraine: Metinvest minimal wage equals to average salary across the country

The Metinvest group minimal wage equals to the average salary in Ukraine, Prime Minister Vladimir Groysman said during his visit to the city of Mariupol and Azovstal Iron and Steel Works.

The company CEO Enver Tskitishvili noted, that in June the salary across the group increased by 20% on average. (Ukrainian metal)

Russia: ChTPZ and Rostselmash improve cooperation

The ChTPZ group and Rostselmash have signed a cooperation agreement.

The contract is valid till 2019 and makes ChTPZ the main supplier of pipes. The group will supply not less than 90% of pipes for Rostov Press Works, a part of Rostselmash. (Ukrainian metal)

Russia: aluminum manufacturers to promote aircraft seats

Russia’s Aluminum Association and the aerospace branch of aluminum producer RUSAL will jointly promote seats manufactured by Vemina Aviaprestige, the association said in a statement. The companies have asked the Federal Air Transport Agency, Rosaviatsia, to appeal to the European Aviation Safety Agency (EASA) and FAA for certificate approval of the Russian-manufactured seats, which will…