In January-October Ukraine exported 240.22 thousand tons of scrap valued at $42.31 million, down by 78.6% and by 84.3% YoY respectively. According to the State Fiscal Service, scrap was not exported in July-September, with 6.8 thousand tons exported in October. The decrease has to do with the temporary prohibition of scrap exports. In January-October Ukraine…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max August 418 418 September 424 424 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Energomashspetsstal has received an order from Rothe Erde (a part of ThyssenKrupp AG) for the delivery of 500 tons of round ingots. According to the company statement, the products have to be supplied in December. The ingots will be used to produce various parts. (Ukrainian metal)
In January-October Ukraine decreased metal exports by 14% YoY, to $5.99 billion, or 20.58% of the total export earnings, as opposed to 22.22% in January-October 2015. Metal export revenues totaled $621.97 million in October. At the same time metal imports went up by 15% YoY, to $674.57 million, including $72.84 million in October. (Ukrainian metal)
Vadim Larin, CEO of Russian steelmaker Severstal, has left the company of his own wish, the company said in a statement. CFO Alexei Kulichenko became acting CEO, Severstal said. (Prime/Ukrainian metal)
The board of directors of Russian metals giant Norilsk Nickel has approved a contract with Canadian engineering company SNC-Lavalin for works under a sulfur dioxide capture project for Nadezhda Metallurgical Plant, Norilsk Nickel said in a statement. SNC-Lavalin is to prepare the project design documentation until the end of 2017. The project “represents the second…
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 395 738 418 418 September 354 738 424 424 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
NLMK Group, an international steel making company with operations in Russia, the USA and EU member states, has delivered a trial batch of new high-strength hot-dip galvanized steel to the Hyundai Motor Manufacturing Rus automobile manufacturing plant in St. Petersburg. The new grade of rolled steel, designated SGRC440 and classified as high-tech steel, was previously…