Metinvest B.V. has announced that a non-binding heads of terms (heads of terms) for the restructuring of its notes and PXF facilities has been agreed upon. Among other terms, the heads of terms include: an extension of Metinvest’s debt maturities by up to 5.5 years until the end of 2021, including 2.5 years of grace…
Month Russian market, $/t, FCA, without VAT, $1/RUR64.3334* min max March 62 148 April 62 165 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Magnitogorsk Iron and Steel Works on May 27, held its Annual general meeting of shareholders (AGM) in Magnitogorsk. The AGM approved of MMK’s annual report and financial statements for FY 2015 and resolved to pay a dividend for the 2015 financial year of RUB 0.31 per common share of issued stock (incl. tax). Earlier shareholders…
One of the largest lithium deposits in Europe, situated in Kirovograd region, has been given to Ukrainskiye redkiye metally LLC (Ukrainian rare metals). On May 20, Kirovograd regional council voted to allow the company to work at the deposits. The company is believed to be connected with Alexander Pavlyuchenko, a well-known criminal. (Ukrainian metal)
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max March 195 289 310 325 305 325 April 205 289 375 425 375 425 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16…
Ukraine imports 4 million tons of coal from the occupied territories of Donbass per year. “The vice-prime-minister on occupied territories deals with these deliveries. Our ministry is not engaged”, said the Ministry of energy and coal industry head Igor Nasalik. Due to the military conflict in Donbass Ukraine has lost access to most mines there.…
Scrap export duty increase is a temporarily and forced action taken with the country interests in mind, says deputy minister of economical development and trade, the trade representative of Ukraine Natalia Mikolskaya. According to her, for EU scrap exports from Ukraine are not economically important, as it consumes very little of Ukrainian scrap. “That’s more…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max min max March 283 654 376 376 April 317 659 376 376 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the…