Zaporizhstal has received a notification from the energy company Zaporozhyeoblenergo that it plans to stop electricity supplies to the works due to the breach of payment terms as the result of the state VAT debt of 822 million UAH.
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH22.904* min max September 239.24 239.24 October 213.55 309.47 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.10.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Shareholders of the Makeevka Subsidiary of Yenakievo Iron and Steel Works, Komsomolskoye Mine Group and Donetskkoks (all from Donetsk region) plan to decide on the companies’ location at their meeting on December 17.
The further fall of the world steel and iron ore prices could result in Ukrainian metal works stopping operation.