Ukraine: Metinvest raises salary

Last year the growth of wages at Metinvest enterprises exceeded 30%.

According to the group personnel director Alexander Pimkin, key jobs saw a rise of 40-45%.

“Now the salary of our key employees in metal, mining and coke departments ranges within $1000-1200 in UAH equivalent”, he said. (Ukrainian metal)

Ukraine: measles breaks out at ZZF

As of February 1, 7 employees of the Zaporozhye Ferro Alloys Plant have fallen ill with measles.

All the diseased are over 30 years old.

One illness has been officially confirmed by the company laboratory. (Ukrainian metal)

Russia: Severstal net profit up in 2018

In 2018 net profit of Severstal grew by 51.4% YoY, to $2.051 billion.

According to the group statement, its revenue increased by 9.3%, to $8.58 billion.

EBITDA was $3.142 billion, up by 21.9%. (Ukrainian metal)

Ukraine: Ferrexpo expecting $500 million of EBITDA in 2018

Ferrexpo plc, controlling PGOK and EGOK, expects to reach $500 million of EBITDA in 2018.

The group plans to announce its 2018 financial results on March 20.

In 2017 Ferrexpo net profit grew 2.1-fold YoY, to $394.47 million, with revenue up by 21.4%, to $1.197 million.

EBITDA increased by 46.9%, to $551 million. (Ukrainian metal)

Russia: IZT to sell $125 million worth of pipes to Gazprom

Izhorsky Pipe Works has concluded an agreement with Gazprom Komplektatsia to supply 107.218 thousand tons of large diameter pipes valued at 8.186 billion rubles ($125 million).

The pipes have to be delivered in October.

The auction was held in late December 2018. ITZ had no competitors. (Ukrainian metal)