Mariupol Ilyich Iron and Steel Works spent over 30 million UAH in 2016 on locomotive repairs. The company received the M62UP locomotive, repairs cost around 9 million UAH. According to the company CEO Yuri Zinchenko, the works specialists are preparing the locomotive to be put into operation. (Ukrainian metal)
Russian metal makers do not expect a major increase in demand in 2017 because of the low capacity loading, overproduction risks and the increasing protective measures on export markets. In early 2016 metal companies expected a drop in local demand, but by year-end theirs forecasts have grown considerably. In 2017 they await a small increase…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max min max October 410 553 342 386 November 410 577 431 431 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the…
The government of Ukraine has ordered to privatize 68.0095% of shares of the Zaporozhye Aluminum Works, 75.224% of Turboatom and 99.999% of Oriana. According to the government order, the stakes in the above companies will have to be sold on transparent auctions by November 30, 2017. (Ukrainian metal)
The state enterprise Ugol Ukrainy (Coal of Ukraine) has given 81.6 million UAH to clear salary debts to miners. According to the deputy chairman of the Lviv regional state administration Rostislav Zamlynsky, this will clear the miners’ salary debts for October and November. Earlier the enterprise provided 16.2 million UAH to pay September salary. The…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max min max October 411 441 347 400 November 411 449 357 469 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the…
In January-November Electrostal produced 298 thousand tons of continuous cast billets, down by 2.3% YoY. According to the company statement, in November the output totaled 31 thousand tons. Most of the produce is exported. In January and February the works stood idle, resuming operation only in late February. (Ukrainian metal)
To ensure the stable operation of thermal power plants in winter DTEK Energo has concluded a contract to import additional volumes of G-grade coal from Poland. By February 2017, TPPs should receive 100 thousand tons of Polish coal. DTEK also continues buying out all the free volumes of coal from state mines. Because of the…