In 2016 DTEK financial results will be negative. “We will have losses, but not that much as in the two previous years”, the company CEO Maxim Timchenko said. The losses decrease has to do with the re-evaluation of the company credit portfolio, decrease in exchange risks and world coal price rise. “This year the situation…
Chelyabinsk Iron and Steel Works, a part of Mechel, has given another loan to Mechel until June 22, 2022. According to the company statement, the value of the loan is 1.4 billion rubles. Mechel borrows money from its main metal works on regular basis. In January ChMK lent 1.3 billion rubles to its owner, 1.4…
Miners of the Uskovskaya mine were the first among Raspadskaya Coal Company divisions to reach the annual target of coal output, by yielding 2 million tons. Uskovskaya coal is supplied to Evraz companies, as well as other metal and by-product coke enterprises of Russia, Asia and Ukraine. (Ukrainian metal)
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 52 60 52 59 October 51 60 54 62 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…
Avdiivka Coke and Chemical Works has again been left without electricity after another shelling. “The last line was cut resulting in the complete halt of the works, electricity and heat generation. After the first line was put back into the grid, we started putting the works into operation. All the other lines will provide heating…
In January-November Korshunovsky Mining and Processing Works, a part of Mechel, increased ore output by 4% YoY, or by 257 thousand tons, to 7.5 million tons. Korshunovsky quarry yielded 3.7 million tons of ore, with 3.8 million tons supplied by Rudnogorsky mine. Iron ore concentrate output increased by 1% YoY, to 2.5 million tons. Most…
In November Beloretsk Iron and Steel Works, a part of Mechel, supplied 40 thousand tons of metal wares to it clients, up by 16% YoY, or by 5.8 thousand tons. Calibrated round stock saw the largest increase – 2-fold, wire and steel rope sales went up by 17%, nails – by 8%. Metal wares sales…
The Ukrainian Association of secondary metals and resources (UAVtormetresurs) has addressed the prime minister of Ukraine asking him to cancel the decree on the increase of the scrap export duty from 10 euro per ton to 30 euro. The letter has also been sent to all the decree authors. According to the association, the cancellation…
