Ukraine: the new scrap balance violates the law
The Ministry of economical development and trade has approved of the 2016 ferrous scrap balance with legislation violations, Metallurgprom and Federation of Ukrainian Metallurgists believe.
The Ministry of economical development and trade has approved of the 2016 ferrous scrap balance with legislation violations, Metallurgprom and Federation of Ukrainian Metallurgists believe.
Ukraine’s government doesn’t think about national economical interests, and the country could turn into a scrap exporter, by disassembling its own works, said Zaporizhstal CEO Rostislav Shurma.
In January-February Mariupol Ilyich Iron and Steel Works lacked ferrous scrap and had to substitute it with more expensive pig iron, thus decreasing its metal competitiveness.
As of February 29, anthracite coal stocks at thermal power stations decreased from 885.8 thousand tons a week before to 862.3 thousand tons.
Representatives of the state enterprise Selidovugol held a meeting with the head of the Ministry of energy and coal industry Vladimir Demchishyn to discuss the difficult situation in the company.
Month Russian market, $/t, EXW, without VAT, $1/RUR75.172* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.152* min max min max December 337.92 337.92 339.44 339.44 January 326.65 326.65 322.80 322.80 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.01.16 according to the National Bank of Ukraine and the Central Bank of the…
Zaporizhstal has stopped its blast furnace #5 for capital repairs for 45 days.
In 2015 Metinvest was the largest taxpayer among industrial companies. It paid 8.2 billion UAH of taxes.