In November prices of industrial manufacturers increased by 2.2% MoM. According to the State Statistics Service, in mining and quarrying price increase reached 4.4% MoM, including 10.5% in iron ore mining. Prices in processing industry went up by 1% MoM, in particular of coke – by 3.2%, in metal manufacture – by 2.2%. (Ukrainian metal)
The forecast for the Russian steel sector in 2017 is negative due to weak domestic demand, international rating agency Moody’s said in a research note. The outlook for the European steel sector is also negative due to risks of “price falls and profitability pressures on the back of competition from cheap imports”, the agency said.…
According to the State Fiscal Service in January-November Ukrainian metal companies revenue from ferrous metals exports dropped by 11.8% YoY, to $6625.749 million. In November revenues from ferrous exports reached $632.86 million. Imports in January-November totaled $732.992 million, up by 13.9% YoY, with $58.416 million in November. (Ukrainian metal)
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…