In September Mariupol Ilyich Iron and Steel Works will start an overhaul of its converter No. 2. In particular, it will include the modernization of the gas-purifying system. The overhaul will cost over 230 million UAH. The project is a part of the Mariupol environmental program for 2012-2020. It was presented in April. As the…
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH25.166* min max April 168 175 May 195 208 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In May Evraz Dneprovsky Iron and Steel Works produced 98.2 thousand tons of pig iron and 97 thousand tons of steel. The management also sees the prospects of increasing output YoY, but refuses to give a certain number. The steel-smelting rise will increase the Evraz DMZ demand in scrap. “Our inner scrap procurement allows us…
In January-June Dneprovsky Iron and Steel Works produced 1.02 million tons of rolled metal, down by 15.6% YoY. According to a company representative, steel smelting dropped by 13.8%, to 1.02 million tons, while pig iron output decreased by 8.1%, to 1.04 million tons, all YoY. In June DMK produced 132 thousand tons of rolled metal,…
In 2015 ArcelorMittal Kriviy Rih fired several dozens of employees, summoned to serve in the army. According to the Ukrainian legislation, such conscripts retain their work place and receive average monthly salary. And they cannot be fired according to the Labor Codex. Some of the conscripts filed a suitcase as the company refused to employ…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max April 206 278 375 425 375 425 May 206 370 340 365 340 370 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16…
NSMMZ (Nizhniye Sergi), a key company in NLMK group’s long products division which operates from three production sites in Sverdlovsk region in the Urals, has been renamed NLMK Ural. The company adopted a new charter and registered the change of name with the Inspectorate of the Tax Service of Russia #30 for Sverdlovsk region. The…
June proved to be extremely unlucky for Ukrainian metal companies mostly because of the railroad strike. Steel smelting dropped by 19% MoM, to 1.87 million tons, pig iron output decreased by 20.5% MoM, to 1.79 million tons. Average daily steel output in June totaled 62.4 thousand tons as opposed to 73.2 thousand tons in May.…