Ukrainian iron ore miner Ferrexpo said it was cautious about its full-year performance due to weakness in iron ore prices and an uncertain situation in Ukraine, as it reported a 45% fall in its half-year core profit.
Month Russian market, $/t, EXW, without VAT, $1/RUR55.524* min max May 543.01 643.87 June 543.01 643.87 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Alchevsk Iron and Steel Works, a part of the Industrial Union of Donbass, has put its second blast furnace into operation.
Month Russian market, $/t, EXW, without VAT, $1/RUR55.524* Ukrainian market, $/t, without VAT, EXW, $1/UAH21.015* min max min max May 498.88 498.88 495.02 495.02 June 498.88 498.88 487.45 487.45 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.15 according to the National Bank of Ukraine and the Central Bank of the…