Once the single largest source of hard currency, accounting for 38% of Ukraine’s export revenues in 2011, steel, iron ore and other metal exports have plummeted 24.5% since Russia’s war on Ukraine began last year.
In 2014 Makeevka Metal Works (Donetsk region) received 1142.36 million UAH of losses.
Ukrainian export prices are down by $10, Russian – by $10-15.
Dneprospetsstal (DSS) has announced steelsmelting decrease to 79128 tons in January-April, down by 14.6% YoY.
Month Russian market, $/t, EXW, without VAT, $1/RUR51.703* Ukrainian market, $/t, without VAT, EXW, $1/UAH21.047* min max min max March 499.39 829.35 459.18 490.22 April 499.39 829.35 464.40 490.22 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.15 according to the National Bank of Ukraine and the Central Bank of the…
In 2014 Novotroitskoye Mine Group received 55.53 million UAH of net profit.
Export prices are up by $90-100.
In 2014 Vatutino Refractory Works (Cherassy region) received 11.54 million UAH of losses.