Metallurgy news

• S&P upgraded Ukraine's credit rating to B- /B The international rating agency S&P has upgraded the rating on long-term and short-term liabilities of Ukraine in foreign currency from SD /D (selective default) to B- /B. The sovereign rating of Ukraine on long-term and short-term liabilities in the national currency was raised from the... 19.10.2015  21:10

• Leaders of 75 steel companies worldwide sign Sustainable Development Charter Worldsteel World Steel Association Worldsteel announced that the Charter for Sustainable Development, developed by it, was signed by the heads of 75 steel companies of the world. The charter includes seven main principles for the sustainability of the steel industry, including: an effective financial... 19.10.2015  18:20

• Metallurgists of Great Britain have announced three demands for the government At a summit held on Saturday with the participation of heads of metallurgical companies and the British government, businessmen voiced three main requirements, the fulfillment of which could save the dying steel industry of Foggy Albion. First, the metallurgists have demanded to immediately... 19.10.2015  12:57

• AK Steel Shares Down 6.54% AK Steel Holding Corporation shares lost 6.54% last week. Since the beginning of the year, the shares of the metallurgical company have plunged 55.38 percent. Low steel prices and a high level of competition with imported rolled metal products forced the company to begin mass layoffs and... 19.10.2015  10:58

• Metallurgists in China reduced purchase prices for scrap metal Steel mills in China have announced that the purchase price of scrap metal has been reduced to RMB 1,200 (approximately US $ 190) per tonne. The reason for the decline in purchase prices was a record drop in prices for steel reinforcement in the domestic market of the PRC. Traders anticipate... 19.10.2015  10:39

• Donetskgormash restores foundry The largest mining engineering enterprise in Donbass and Ukraine, Donetskgormash State Enterprise, has launched its own foundry production of parts for mining equipment for the first time in 6 years. The Donetsk News Agency (DAN) was informed about this by its director Vasily Mudretsov. “We have ... 18.10.2015  11:53

• Merkel: German investments will not come to Ukraine as long as the country is ruled by oligarchs The dominant role of oligarchs in Ukraine must be abolished if the country wants to receive German investment. This was stated by German Federal Chancellor Angela Merkel in her weekly video message, dpa agency reports. “People need to be provided with transparency, corruption must be fought,” the... 17.10.2015  16:03

• British Minister supported the idea of ​​reducing electricity tariffs for metallurgists Edwina Kharg, the Minister of Economy of the Welsh Government, supported the urgent need for government action to address the high energy costs of metallurgical companies. This opinion was expressed by Kharg during a summit held on Friday with the participation of members of the British Cabinet,... 17.10.2015  13:51

• The Ukrainian government is unable to comply with the court decision on the payment of pensions in Donbass According to the Minister of Social Policy of Ukraine, Kiev will not be able to pay pensions in the occupied territory despite the decision of the Supreme Administrative Court of Ukraine (VASU) to unfreeze the payment of salaries, pensions and social benefits to residents of eastern Ukraine living... 17.10.2015  13:02

• The largest Ukrainian producer of commercial pig iron may finally stop For about a month at the Donetsk Metallurgical Plant (DMZ) of the Donetskstal group of Viktor Nusenkis, persistent rumors have been circulating about a complete stop. Employees of the enterprise reported this to the site 062.ua. According to these same workers, the reason may be the expensive... 16.10.2015  16:00