Ukraine: Mariupol Ilyich expecting Balczun to increase Ukrzaliznytsia effectiveness

Metinvest expects that the general manager of Ukrzaliznytsia Wojciech Balczun will work on the improvement of the company effectiveness. “We hope that all the tariff payments that Ukrzaliznytsia receives from metal companies, will be spent on fuel, spare parts and new locomotives, so that the company increases its effectiveness. The tariffs have been increased several…


Ukraine: AMKR to shut down open-hearth manufacture

ArcelorMittal Kriviy Rih intends to shut down its open-hearth manufacture when it completes its project of gas-purifying machine assembly at the converter shop. “The operation of the open-hearth furnace was closely connected with the gas-purifying machine project in the converter shop. The sooner we finish the project, the sooner we will close the open-hearth manufacture”,…


Ukraine: Avdiivka Coke increases supervisory board

Shareholders of Avdiivka Coke and Chemical Works have decided to increase the supervisory board from 1 to 5 members. According to the company statement, Yuri Ryzhenkov, Alexander Pogozhev, Julia Dankova, Svetlana Romanova (all of them top-managers at Metinvest Holding and representatives of Metinvest B. V.) and Alexei Kolchanov (corporate secretary at Metinvest Holding) have been…


Ukraine: Yenakievo Coke appoints new chairman

Shareholders of Yenakievo Coke Plant have dismissed Vitaly Litovka from the office of the supervisory chairman and appointed Vitaly Romansky instead.

According to the company statement, Romansky was the financial director of the plant. Shareholders have also reelected Alexander Mironenko, Oleg Gres, Ivan Avramov and Dayana Ivanyushenko members of the supervisory board. (Ukrainian metal)

Ukraine: Evraz Bagleykoks reelects CEO

Shareholders of Evraz Bagleykoks have reelected Sergey Burilin the company CEO. According to the company statement, he has been reelected for 1 year. The shareholders have also dismissed Palmrose B. V. (the Netherlands) and Dmitri Furmanov from the supervisory board and appointed Alexander Rybalko (representative of Palmrose B.V.), Lyudmila Garmash and Dmitry Skotarenko instead. (Ukrainian…


Ukraine: KVV Group co-owner arrested

A Kiev court has arrested the co-owner of a major scrap procurement and processing complex KVV Group Yevgeny Kazmin on the request from the State Security Service. Kazmin is suspected in financing activities connected with the changing of the country borders and the state border of Ukraine. Kazmin oversees construction of housing in the Russia-annexed…


Ukraine: NZF ends 2015 with losses

In 2015 the largest ferroalloys producer – Nikopol Ferroalloy Plant received 8.47 million UAH of losses.

According to the company statement, its net income increased by 31.65% YoY, or by 2.51 billion UAH, to 10.45 billion UAH. (Ukrainian metal)

Ukraine: scrap exports down in April 2016

In January-April Ukraine exported 94.02 thousand tons of ferrous scrap metal, down by 76.9% YoY.

According to the State Fiscal Service, export revenues reached $16.84 million, down by 83.3% YoY. At the same time, in April Ukraine exported 82.47 thousand tons of scrap, with only 11.54 thousand tons in Q1. (Ukrainian metal)

Russia: Norilsk Nickel receives Sberbank loan first tranche for Bystrinsky GOK

Norilsk Nickel announces that upon completing all preceding loan granting conditions, on May 12, Bystrinskoye LLC received the first tranche as part of the credit line for the implementation of Bystrinsky Mining and Processing Works construction project in Trans-Baikal region. On May 5, Bystrinskoye LLC and Sberbank of Russia signed a loan agreement, whereby the…