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Bidzhu Nair has been appointed a new CEO of ArcelorMittal Temirtau. The new director was presented to the company by Lakshmi Mittal on November 10. Nair previously held the office of the ArcelorMittal Zenica CEO. Since May 1, 2016 AMT has been chaired by Paramjit Kahlon, the CEO of ArcelorMittal Kriviy Rih. (Ukrainian metal)
DetailsThe international ratings agency Moody’s Investors Service has changed its outlook on Ferrexpo plc rating from stable to positive. At the same time the Ferrexpo Group of Companies corporate rating has been confirmed on the B3 level and the default rating on B3-PD. The change follows the amendment of the Ukrainian government rating from stable…
DetailsThis year the scrap procurement in Ukraine is expected to fall to 3.1 million tons. According to the UAvtormet Association, in January-November 2.8 million tons of scrap were procured, down by 14.6% YoY. Scrap deliveries to metal companies dropped by 6.9%, to 2.8 million tons. Exports in 11 months fell by 87.2%, to 40.9 thousand…
DetailsThe current regulations do not allow Ukrzaliznystia to efficiently operate on the scrap market. “The scrap prices change very quickly. We cannot catch up with them with the current regulations”, the company director on legal issues and property policy Arthur Reznik declared. “According to our calculations, it takes us 3.5 months to start the selling…
DetailsEstonia-registered NT Marine has received a right to supply over 600 thousand tons of cocking and power-generating coal from Russia to Ukraine in December. This is almost 50% of all imports. In November Kuzbassrazrezugol, Evraz, NLMZ and MMK were allowed to supply coal. Russia supplies some 1.2-1.3 million tons of coal and coke to Ukraine…
DetailsIn January-November Ukraine exported 3.68 million tons of hot-rolled flat metal with the width of 600 mm valued at $1.85 billion, up by 3%, but down by 8% YoY respectively. According to the State Tax Service, Russia accounted for 14.7% of exports, Turkey – 12.7% and Poland – 9.3%. At the same time cold-rolled metal…
DetailsIn November the First Cargo Company transported 1.5 million tons of iron ore, up by 18% YoY. Northern Railroad increased transportation by 10%, to 59 thousand tons, Sverdlovsk – by 15%, to 36 thousand tons, Krasnoyarsk – 3-fold, to 11 thousand tons, Zabaikalye – 21-fold, to 14 thousand tons and Far Eastern – by 26%,…
DetailsIn January-November the West-Siberian railroad transported 8.1 million tons of cargo in Altai region, up by 0.6% YoY. In particular, transportation of non-ferrous metals ore grew by 1.1%, to 93 thousand tons. (Ukrainian metal)
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