Russian steel makers Severstal and MMK Group may lose $80 million and $60 million on EBIDTA margin respectively because of the EU duties on steel products, according to an analytical review by Aton. These losses account for about 5% of consensus-forecast on EBITDA for Severstal in 2016 and up to 4% for MMK, analysts said.…
According to its program of technical modernization Zaporizhstal has stopped its blast furnace No. 4 for capital repairs with elements of reconstruction and modernization. The total cost of the overhaul will reach 170 million UAH. The modernization will decrease coke expense and provide for the smooth operation of the equipment. In 2014 BF No. 4…
Month Russian market, $/t, EXW, without VAT, $1/RUR66.0825* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* Export, Ukraine, $/t, FOB Black sea ports min max min max min max April 308 439 357 362 440 490 May 337 551 440 507 405 440 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16…
In June Zaporozhogneupor increased its refractory output. According to the company statement, refractory products output increased by 11%, that of aluminous wares – by 55%, high-aluminous wares – by 1%, concretes and masses – by 7%, refractory mixes – by 31%, all YoY. The works produced 4035 tons of aluminous wares, 673 tons of high-aluminous…
In January-June Ukraine exported 105.68 thousand tons of coke valued at $13.09 million, up by 34.7% and down by 8.3% YoY respectively. According to the State Fiscal Service customs statistics, the main importers of Ukrainian coke were Georgia (49.26%), Bulgaria (9.85%) and Belarus (9.67%). In H1 2016 Ukraine imported 711.86 thousand tons of coke valued…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* min max April 285 285 May 283 310 * – 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)
Coal Energy S.A. board of directors decided to sell its Donbassuglerazrabotka (Vasily Veliky mine, Donetsk) to minimize losses. “To bring the mine to the profitable level will require too much investments, while ours are highly limited”, said the company in its statement. Coal Energy unites 10 coalmines and processing units. In July 2015 – June…
In June Dneprovsky Iron and Steel Works failed the output targets again. According to the company statement, output targets and results depended on the raw materials availability, but the coke shortage resulted in the failure. Since late June coke has been delivered from Alchevsk Coke, Yevraz Yuzhkoks and Dneprokoks, but that was not enough to…