Metallurgy news
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Metinvest CEO: Prospects remain very uncertainMetinvest posted expectedly weak financial results for the first half of 2015. The company's net loss according to international financial reporting standards amounted to $ 166 million, revenue fell by 39 percent - to $ 3 billion 650 million. The drop in revenue led to a sharp decline in pre-tax…
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ArcelorMittal plans to lay off 450 people from iron ore project in LiberiaThe world's largest steel company, ArcelorMittal, is preparing to lay off 450 workers in Liberia to cut costs amid low raw material prices. According to the press secretary of the Liberian office of the company Baker Pearson, the administration of the company has begun negotiations with trade…
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Explosions damaged two high-voltage towers on the outskirts of CrimeaThe police of the Kherson region decides on the initiation of criminal proceedings under Art. 194 of the Criminal Code of Ukraine "Intentional damage to power facilities" in connection with damage to the supports of high-voltage power lines. This was reported in the Communication Department of the…
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Not all Metinvest enterprises in Ukraine are switched to shorter working hoursThe press service of the metallurgical plant PJSC "Zaporizhstal" of the Dutch company Metinvest denied reports about the transfer of employees to a shorter working day. "We inform you that this information is not true." - stated in the press service of the enterprise. “We would like to inform you…
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General Director of PJSC "ArcelorMittal Kryvyi Rih" Paramzhit Kalon was elected a Member of the Board of the European Business AssociationGeneral Director of PJSC "ArcelorMittal Kryvyi Rih" Paramzhit Kalon was elected a Member of the Management Board of the European Business Association. This decision was made at the General Meeting of the Association members on November 17, 2015 in Kiev. During the election of the Management Board…
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The management of the Khartsyzsk pipe plant did not refute the information about the sale of the enterpriseAccording to the Donetsk news agency (DAN), the head of the production department of the Khartsyzsk pipe plant (KhTZ) of the Dutch company Metinvest of the Ukrainian businessman Rinat Akhmetov could not refute the statements of the workers of the enterprise about the possible sale of KhTZ to…
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The railway restored after the terrorist attack was solemnly launched in Mariupol. bridgeOn November 19, Thursday, a railway bridge across the Kalchik River between Sartana and Mariupol stations, which was blown up as a result of a terrorist attack in December last year, was solemnly put into operation in Mariupol. Passenger and freight traffic was launched by Ukrzaliznytsia along two…
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Russian ships armed with Kalibr cruise missiles arrived in SevastopolThe newest small missile ships (MRK) of the Black Sea Fleet "Serpukhov" and "Zeleny Dol", which will soon become part of the missile boat formation, have arrived at their permanent deployment site in Sevastopol. MRK Zeleny Dol and Serpukhov are the fourth and fifth ships of the modernized Buyan-M…
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Tata Steel to install 80,000 solar panels on the roof of the Ijmuiden steel plantIndian steel company Tata Steel will cover the roof of its plant in the Netherlands with solar panels. 80,000 panels will generate 22 million kilowatt-hours in the town of Ijmuiden. This amount of electricity would be enough to supply 6,000 households, but for metallurgical production this is less…
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Metinvest cuts wages for office workers in Ukraine by 20 percentThe Dutch mining and metallurgical company Metinvest of the Ukrainian billionaire Rinat Akhmetov has decided to reduce the working hours and salaries of administrative personnel at its Ukrainian enterprises by 20 percent due to the difficult financial situation and uncertainty in the steel market…
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