Metallurgy news
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The Ilyich plant reduced the rental production in June by 16%In June 2010, the Ilyich plant produced finished products of 229 thousand tons, which is 15.8%below May volumes. At the same time, Azovstal reduced production by 9.6% to 438.60 thousand tons (according to updated data, Azovstal for May produced 485.00 thousand tons of finished rental). In June, the…
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World steel prices fell by 5%According to the studies of the British advisory company Meps International LTD, the world prices for steel in June fell by 5.1% and will probably continue to decline until the end of the year, while the III quarter is expected to oversleep the market for steel products. The consolidated global…
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CJSC Ilyich - Steel will not pay disintectionsIn parallel with the historical meeting of shareholders of the Ilyich MMK, on Thursday, a meeting of participants in Ilyich -Steel CJSC was held on Thursday. At the meeting, it was decided not to pay dividends following the results of work in 2009 and send all the net profit in the amount of…
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In January-June, Zaporozhstal OJSC increased the rental production by 1.5%Zaporizhzhya Metallurgical Plant Zaporozhstal in January-June 2010 increased the production of finished rental by 1.5% compared to the same period of 2009-up to 1.363 million tons of these products, Interfax-Ukraine reports. According to the representative of the enterprise, during this period the…
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MMK named after Ilyich has passed under the control of Metinvest B.V.The meeting of the shareholders of the Mariupol Metallurgical Plant named after Ilyich ended. An increase in the authorized capital was approved four times with an additional issue of shares in the amount of 2,255 005 233 (two billion two hundred and fifty -five million two hundred hundred and…
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Arcelormittal recognized in Canada high civil liability companyAccording to Canadian Press, by the rating of Corporate Knights, which annually elects high -civil liability companies in Canada, Arcelormittal is recognized as such a company for the development of a sustainable business. The main selection criteria were tax savings, a variety of leadership…
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The Ministry of Industry and Trade against the extension of the memorandum with GMK“Today, the GMC works more or less stable,” said Minister of Promotopolitics Dmitry Kolesnikov at a briefing in Kyiv. “Preferences do not always justify themselves. And on the third quarter the conditions of the Memorandum on the MMC should not be extended,” Kolesnikov summed up. Within the…
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South Korean company Posco no longer wants ZaporizhstalPosco refused to consider the issue of acquisitions Zaporizhstvo due to the opacity of the sales conditions. According to Reuters, Posco also said that studying the issue of buying Zaporizhstali began in April of this year as part of the company's strategy for the acquisition of foreign steel…
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The situation with the shares of Ilyich -Stal CJSC has been practically resolved - BoykoAccording to Ilyich, Ilyich Boyko, Director General of the Ilyich Boyko, “Permission to the situation with the scandalous“ acquisition ”by offshore companies of the Ilyich -Stal CJSC, the Ilyich -MMK General. We will solve this issue in a completely civilized way, on the basis of the norms of the…
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Production of cast iron in Ukraine is unprofitableDue to the lack of orders and the low price for cast iron, Donetskstal - Donetsk Metallurgical Plant, announced the preservation of a domain furnace No. 1 until better times. Currently, it has been decided to stop the Domna for 7 - 8 months. The equipment existing at the factory allows you to…
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