Last year the Commercial court of Dniepropetrovsk region ordered to arrest accounts of Dneprovsky Iron and Steel Combine. DMK appealed. On January 2 the court satisfied the company claim. Dneprovsky Iron and Steel Combine was a part of Industrial Union of Donbas (ISD), created in 1995. In May 2017 it was confirmed that DMK was…
DetailsUkraine’s metallurgical sector has plunged into recession mainly due to the crisis in the eastern region of Donbas. Last year, the output of steel, one of the main exports items of Ukraine, fell by 12%, while the production of pig iron and rolled metal was down by 15% and 14%, respectively, according to Ukrmetallurgprom association’s…
DetailsIn 2017 Ukraine imported 19.8 million tons of coal valued at $2.7 billion. According to the State Fiscal Service, Russia supplied $1.552 billion worth of coal (56.57%), USA – $682.01 million (24.85%), Canada – $182.2 million (6.64%) and other countries – $327.65 million (11.94%). Exports mostly went to Russia – $57.475 million (54.48%), Slovakia –…
DetailsIn 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)
DetailsThe 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…
DetailsStandard&Poor’s has changed the rating forecast for Ferrexpo plc, owner of Poltava and Yeristovo GOKs, from Stable to Positive. On December 29, 2017 S&P improved the group rating following the “high productivity” shown lately. The agency has also confirmed Ferrexpo’s long-term rating at B-. The rating improvement is the result of the stable iron ore…
DetailsIn 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…
DetailsThe Novovolynskaya mine No. 9, a part of the state enterprise Volynugol, has suspended operation because of the lack of equipment. “The enterprise has stopped mining coal. And the reason is simple – they have nothing to work with. The mine was developing three long faces. For the past week they were barely working on…
DetailsThe 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…
DetailsMechel 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)
Details