On November 7, the Almaty Metal Wares Works (Tokyo Rope Almaty) started operating. The company will specialize in metal systems for infrastructure objects, steel fasteners for mining industry, ragbolts and joins for construction, metal wares and steel ropes. Tokyo Rope has invested 25 billion tenge in the works. (Ukrainian metal)
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max August 346 346 September 340 340 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In January-September Severstal-Metiz was able to save over 70 million rubles due to the successful realization of expenses decrease measures. According to the company statement, the most effective were the wire production technique changes, coating materials usage decrease and the replacement of packaging. “We pay much attention to changes that directly affect prime cost decrease…
The president of Ukraine Petro Poroshenko has signed the decree on 5% scrap import duty cancellation that introduces amendments to the customs tariffs. The decree is supposed to decrease ferrous scrap shortage on the local market and provide for infrastructure objects restoration. This is the second part of the metal market supporting package – the…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max August 247 247 September 275 275 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In Q3 Highland Gold Mining Ltd produced 63.09 thousand ounces of gold equivalent, down by 11% YoY. Output decrease is explained by the drop in Belaya Gora production. Mnogovershinnoye and Novoshirokinskoye mines output remained mostly flat. In January-September gold output totaled 191.75 thousand ounces, up by 0.2% YoY. This year the company intends to mine…
At present Ukraine gets some coal from mines on the occupied Donbass territories that pay taxes to the state. According to the energy and coal industry minister Igor Nasalik, Ukraine consumes 24 million tons of anthracite coals, with some 2.9 million tons produced at unoccupied territories. All the rest is supplied from mines in the…
In October ArcelorMittal Kriviy Rih was reimbursed the most VAT among mining and metallurgical companies – 1.08 billion UAH. According to the State Treasury, Mariupol Ilyich Iron and Steel Works occupied the second position with 831.7 million tons, with Dneprovsky Iron and Steel Works the third (580.5 million UAH). They were followed by Azovstal (208.8…