In 2015 Dniepropetrovsk Metal Construction Works named after Babushkin received 155.32 million UAH of losses, up by 29.8% YoY, or by 35.63 million UAH. According to the company statement, its net income fell by 40.3% YoY, or by 21.64 million UAH, to 32.03 million UAH. Its assets totaled 258.41 million UAH, with accounts receivable on…
In early May Donetsk Iron and Steel Works put its blast furnace #1 into operation. It’s a complex process, and at any moment it could be stopped because of the raw materials supplies instability. Alchevsk Iron and Steel Works also intended to put a blast furnace into operation, but wasn’t able to do it. The…
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max min max February 410 410 362 362 March 410 410 362 362 * – 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…
In 2015 ArcelorMittal Kriviy Rih invested over $200 million into development. “If we take the highly unstable exchange rate into account, then we have invested more that $200 million”, said the company CEO Paramjit Kahlon. According to him the works has finished the construction the pulverized coal injection complex at its #9 blast furnace, overhaul…
In April Zaporozhogneupor increased molded refractories output. In particular, according to the company statement, its high-aluminous wares output went up by 110%, that of calcinated chamotte – by 58%, of concretes – by 45%, all YoY. All in all in April the works produced 1111 tons of high-aluminous wares, 3399 tons of calcinated chamotte, 294…
Metinvest Group has decided to change the ownership type of its Azovstal, Mariupol Ilyich Iron and Steel Works, Yenakievo Iron and Steel Works, Khartsyzsk Pipe Works, Avdiidka Coke and Chemical Works, and Central Mining and Processing Works from public to private joint-stock companies. “All the companies have held shareholders meetings and decided on changing the…
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max min max February 266 404 231 263 March 267 426 243 263 * – 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…
The Commercial Court of Kiev stated that the Industrial Union of Donbass companies debt to Metinvest Holding was 8.46 billion UAH, while Metinvest claimed 24.51 billion UAH. The court has decreased Metinvest claims in all three suits: two to Dneprovsky Iron and Steel Works named after Dzerzhinsky and one to Alchevsk Iron and Steel Works.…