Supervisory board of ArcelorMittal Kriviy Rih has appointed Clark David George (a citizen of Australia) its chairman. He is the technical director and strategy head of ArcelorMittal. On July 15, the supervisory board dismissed Davinder Chugh from the office of the chairman, as this month he turned 60 and he could leave the corporation. (Ukrainian…
The Federation of Ukrainian Metallurgists has noted the success of the Ministry of economic development and trade policy in protecting local metal manufacturers interests on foreign markets. “We thank the ministry for the help in protection from antidumping investigations in India, Pakistan, EEU, for the work on free trade zones with Turkey and Israel, for…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max May 414 502 June 416 512 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Metinvest has approved of the continuous casting machine reconstruction project of Mariupol Ilyich Iron and Steel Works. The repair will cost $150 million. This project will make the converter shop of Ilyich work at full capacity. After the construction of the new continuous casting machine Ilyich steel output will increase by 1-1.5 million tons, to…
The Association of Ukrainian Ferroalloy Producers has asked the Cabinet of Ministers, the President Administration and the National power and housing utilities state regulation committee to return electricity prices to December 2015 (1.23-1.52 UAH per kW-h) and prohibit their increase in 2016-2021. “For the past several months the electricity tariffs for industrial manufacturers have been…
In June Ukrainian companies received 299 thousand tons of scrap, up by 5% MoM, or by 13 thousand tons. According to the state enterprise Ukrpromvneshexpertisa, the increase was the result of the traders quickly selling their stocks in fear of the further drop in local market purchasing quotations. In June local metal companies decreased their…
Month Russian market, $/t, DDP, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, DDP, $1/UAH24.854* min max min max May 640 940 760 900 June 720 975 810 930 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the…
Dneprovsky Iron and Steel Works is going to repair a number of large machinery, including its blast furnace No. 9. In January-June the works was forced to keep its machinery idle because of the money deficiency, problems with fuel and raw materials deliveries, and the tense situation in the East. “Forced idleness was used to…