Russia: rolled metal demand down

In 2017 rolled steel sheet was the most sought after type of rolled metal.

At present Russian market is witnessing a slight seasonal decrease in demand, which allows buying materials cheaper. Customers also leave their orders online more often, which simplifies the purchasing process.

Steel sheet is used in machine-building, construction, agriculture, etc. (Ukrainian metal)

Latvia: KVV Liepājas metalurgs’ potential investor given two weeks to consider purchase

The potential investor of the insolvent KVV Liepājas metalurgs is given two weeks to consider purchasing the company, says Latvian Economy Minister Arvils Ašeradens. He admits that talks with the potential investor are not over; the investor wants to secure the most beneficial conditions in business negotiations. Latvian government is also highly interested in getting…

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Ukraine: metal makers retain annual output volumes

In December 2017 Ukraine produced 1.87 million tons of pig iron, 1.88 million tons of steel and 1.7 million tons of rolled metal, all up by 3%, 0.4% and 7% MoM respectively. “Output increase in December 2017 was mostly thanks to Mariupol Iron and Steel Works and Zaporizhstal”, Ukrmetallurgprom reported. In January-December 2017 Ukraine produced…

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Ukraine: AMKR prolongs contract with acting CFO

The contract with the acting financial director and chief accountant of ArcelorMittal Kriviy Rih Sergey Plichko has been prolonged for another quarter. According to the company decree dated December 28, 2017, the contract is prolonged through March 31, 2018. Plichko was appointed chief accountant, acting CFO on February 17, 2017. Prior to that he was…

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Russia: Mechel reports on the change in management

Mechel informs that the group CFO Sergey Rezontov is leaving the company.

According to the statement, Rezontov resigned due to his personal reasons.

“We are grateful to Sergey Rezontov for his work”, Mechel CEO Oleg Korzhov said. (Ukrainian metal)

Ukraine: coal imports exceed 4 million tons

In January-November 2017 Ukraine imported 4.11 million tons of power-generating coal for thermal and combined heat and power plants. According to the Ministry of energy and coal industry, in 11 months Russia supplied 3.083 million tons of coal (75% of all the imports), South Africa – 653.2 thousand tons (15.9%), USA – 254.8 thousand tons…

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Ukraine: Zaporozhye Aluminum Foil Works to be sold

The Zaporozhye subsidiary of the State Property Fund has announced the electronic auction of Aluminum Foil Works at the Ukrainian Universal Exchange.

The starting price of the state enterprise is 583.9 million UAH.

The auction is scheduled for January 19. The participation requests are accepted through January 15. (Ukrainian metal)