The Verkhovna Rada on April 21 passed at second reading bill No. 3868 amending some Ukrainian laws on reducing the shortage of scrap ferrous metal on the domestic market. The document aims at providing for the needs of defense industry and restoration of infrastructure. The document increases export duties for scrap ferrous metals temporarily for…
United States Ambassador to Ukraine Geoffrey Pyatt has said that Metinvest in Mariupol is the example of extraordinary resilience of Ukrainian people According to the press release, the largest environmental project in Ukraine, sinter plant modernization, was demonstrated to the U.S. diplomat during his visit to the Mariupol Ilyich Iron and Steel Works. Pyatt was…
The European Union (EU) considers that the increase of duties on the exports of metal scrap from Ukraine would represent a restrictive trade measure, the delegation of the EU to Ukraine has said. The EU has taken note with disappointment on the proposed amendments to Article 13 of the Law of Ukraine “On external economic…
Month Russian market, $/t, DDP, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, DDP, $1/UAH26.218056* min max min max February 713 1012 672 1755 March 650 900 717 1750 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the…
In 2015 Marganets Mining and Processing Works received 6.69 million UAH of net profits, up by 21.19% YoY, or by 1.17 million UAH. Net income went up 3.6 times YoY, or by 1.33 billion UAH, to 1.84 billion UAH, the company reported. This year MGOK intends to mine 484 thousand tons of beneficated manganese ore…
In 2016 Severniy Mining and Processing Works plans to increase pellets output by 19.5% YoY, or by 1501 thousand tons, to 9191 thousand tons. According to the company statement, it also plans to mine 28864 thousand tons of ore, as well as produce 13000 thousand tons of concentrate. In 2015 the works mined 29.15 million…
Shareholders of Evraz – Dniepropetrovsk Iron and Steel Works named after Petrovsky have decided to change the company name to Evraz Dneprovsky Iron and Steel Works. According to the company statement, they have also changed the ownership of the company from public joint-stock company to private joint-stock company. (Ukrainian metal)
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max February 362 362 March 362 362 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)