The Ministry of energy and coal industry of Ukraine is preparing a decree on the coal market to make the vertically integrated companies sell part of their coal at exchanges. “We want them to sell at least 30%”, said the energy minister Igor Nasalyk. According to him the Prime Minister Vladimir Groysman supports this idea.…
The authorities have found money to pay May salary to Selidovugol miners. 10 million UAH will constitute 14% of the May debts. Thus those working underground will get 400 UAH each, those above ground – 80 UAH. So 7 miners continue their hungry strike and are not going to stop it, as the May debt…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* min max April 327 327 May 422 422 * – 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)
Interpipe has been hiring young specialists without industrial experience but capable of training and self-development. “We’re creating a team of professionals from other well-known companies in the CIS and people with no experience, but wanting to learn”, said the company R&D director Gennady Yesaulov. In particular, employees without experience are needed in steel production. “We…
ArcelorMittal Kriviy Rih will shut down one of its blast furnaces; two coking batteries and a sintering shop because they don’t correspond to the environmental directives of EU according to BAT. “Ukraine has no BAT norms as yet, but AMKR European companies have already switched to them”, said the company environmental director Liana Maksimenko. AMKR…
The sole primary aluminum producer in Ukraine – Zaporozhye Aluminum Works – plans to renew manufacture of aluminum wire rod in August. “The works is taking all the necessary actions to start producing aluminum wire rod”, said the company in its statement. During its halt the company has lost its leading positions on the European…
According to the State Fiscal Service, in January-June Ukrainian metal companies imported 45.04 thousand tons of hot-briquetted iron valued at $7.18 million, up 7 times and 4.3 times YoY respectively. In June Ukraine imported 0.62 thousand tons of HBI, with 17.63 thousand tons in May, 12.82 thousand tons in April, 11.99 thousand tons in March…
Month Russian market, $/t, EXW, without VAT, $1/RUR66.0825* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max min max April 334 527 304 351 308 602 318 478 May 460 596 456 477 421 652 418 586 * –…