The SGB/USS Confederation of Swiss Unions has decided to provide financial aid to ArcelorMittal Kriviy Rih union. The funds will be spent to buy the necessary things for employees defending Ukraine in the Armed Forces and territorial defence. In particular, sleeping bags for soldiers will be bought. 66 employees from the AMKR union have joined…Details
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The Ferrexpo board of directors has decided to pay interim dividends for 2022 in the amount of $0.132 per ordinary share. These are the first dividends announced this year. The final dividends for 2021 will be approved by the shareholders at a meeting on June 15. Interim dividends will be paid on June 28. (Ukrainian…Details
Within the next 2 years, steel output in Ukraine will decrease at least by two-thirds, director of Metinvest strategy and business development department Roman Perepelitsa has said. The company sees two possible scenarios. The first presupposes the victory of Ukraine in war with Russia. Then a speedy recovery of the economy can be expected with…Details
The Russian occupiers have started taking metal from the Mariupol port with the help of Russian ships. According to the satellite image of Planet Labs, the RM-3 cargo vessel arrived on May 28 at the quay usually used to load metal. The ship belongs to the Russian company Reka-More registered in Rostov-on-Don. The vessel left…Details
Last week, the state enterprise Lvivugol received budget means as well as payment for coal sold. The funds were used to pay 25% of the salary for March, with mobilized employees receiving the full wages. So far, the employees have received 77% of their March salary. 11.875 million UAH still need to be paid. Together…Details
In five days the sinter shop of Kametstal has capitally repaired a car dumper. This machinery is the most important technological element in the process of creating iron ore pile for sinter. The car dumper provides for the full cycle of unloading cars with the minimal human interference. Metal structures of the rail part were…Details
Russian occupants could illegally transfer metal products belonging to Metinvest to the ports in Rostov, Taganrog, Novorossiysk, Tuapse and the occupied Sevastopol. A day before the Russian invasion, the port of Mariupol stored metal that had to be exported to Spain, Italy, Belgium, Greece, Portugal and Turkey. The foreign ships in the port carried 28…Details
Russian metal companies are considerably decreasing output. Thus, compared with January-February, MMK has decreased steel production by 40%, while Severstal is reporting a 20-40% drop in June. MMK might produce 550 thousand tons of steel in June. With full loading of capacities the company produces around 1 million tons per month. A part of Severstal…Details
Each day, 70 to 80 people apply to the ArcelorMittal Kriviy Rih personnel department. They are both local citizens and internally displaced persons. 4 IDPs have already been hired, with 11 more preparing the necessary documents. Most of them are from Kherson, Donetsk and Lugansk regions. The IDPs are given constant jobs as well as…Details
Centravis, one of the largest manufacturers of stainless pipes in Europe, is facing problems with timely delivery of billets. “The situation in Nikopol is under control. All the departments are operating and necessary services are provided. Centravis is working. Despite the air siren, our employees in the cold and hot shops are trying to meet…Details
The director of the Dnipro Territorial Defence Center Gennadiy Korban on his Facebook page reported, that the artillery of the Ukrainian Armed Forces would receive German unmanned aerial vehicles Vector Air Platform thanks to the support of Interpipe and the TAPS-Ukraine charitable foundation. “Summer is coming. Birds are flying. Now we will fly helping our…Details
The Pokrovsk community has received a batch of 200 bulletproof vests for the employees of the social sphere from Metinvest. “We have checked the vests. They have a high quality and strength. They will help protect out people,” the mayor of Pokrovsk Nikolay Shabelnik has said. The vests from Metinvest steel plates are made by…Details
The United Mining and Chemical Company has received a license to sell electricity. UMCC was created in 2014 by merging the Volnogorsk Mining and Processing Works in Dniepropetrovsk region and Irshansk Mining and Processing Works in Zhytomir region. The enterprises produce titanium ore concentrate. In 2021, UMCC received 413.8 million UAH of net profit, up…Details