Ukraine: EMSS elects chairman

Supervisory board of Energomashspetsstal has appointed Andrei Nikipelov chairman of the board. Nikipelov is also the general director of Atomenergomash (Russia). In 2015 EMSS received 3210.12 million UAH of losses, having decreased its net income by 7.9% YoY, or by 105.69 million UAH, to 1231.61 million UAH. The company specializes in the production of special…


Ukraine: AMKR and Metinvest among world largest metal companies

In 2015 three Ukrainian companies entered the list of world’s largest metal companies. The first place, as in 2014 held ArcelorMittal, owner of ArcelorMittal Kriviy Rih. Last year the corporation produced almost 100 million tons of steel. Evraz Group dropped from 22 to 25 with 14.35 million tons of steel. The group owns Evraz Dneprovsky…


Russia: MMK announces AGM results

Magnitogorsk Iron and Steel Works on May 27, held its Annual general meeting of shareholders (AGM) in Magnitogorsk. The AGM approved of MMK’s annual report and financial statements for FY 2015 and resolved to pay a dividend for the 2015 financial year of RUB 0.31 per common share of issued stock (incl. tax). Earlier shareholders…


Ukraine: criminal gets largest lithium deposits

One of the largest lithium deposits in Europe, situated in Kirovograd region, has been given to Ukrainskiye redkiye metally LLC (Ukrainian rare metals).

On May 20, Kirovograd regional council voted to allow the company to work at the deposits. The company is believed to be connected with Alexander Pavlyuchenko, a well-known criminal. (Ukrainian metal)

Ukraine: Kiev to host a scrap conference

On June 17, Kiev will host the “Scrap metal: sources and market trends” conference. Scrap procurement and sales are having hard times. Export limiting decrees have made the market uncertain and nervous and the conflict with metal makers even deeper. The conference will deal with scrap procurement under such difficult circumstances, prospects of scrap export…


Ukraine: metal output in Donetsk region up in January-April 2016

In January-April Donetsk region (without the Antiterrorist operation zone) industrial output went up by 9.6% YoY, with April results growing by 2.4% MoM and 8.7% YoY. Metal output increased by 10.4%, mining – by 21.4% and coke – 1.6 times, all YoY. Coal mining went up by 21.8% YoY, to 5.2 million tons. Pig iron…