Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max August 346 379 September 340 441 * – 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)
Konstantin Zhevago has left the supervisory board of Poltava Mining and Processing Works, the largest iron ore pellets producer in Ukraine. According to the company statement, Zhevago resigned on October 19. His office ended on November 3. He has been in the supervisory board for 20 years, but directly owns no PGOK shares. (Ukrainian metal)
Energomashspetsstal will supply a large batch of rolls with mechanical treatment to Eurohuolinta Oy. According to the company statement, the rolls weighing 490 tons will be shipped to Finland in January-February 2017. EMSS will produce 76 rolls. They will be used to produce electric machines. The companies have been cooperating for 10 years. (Ukrainian metal)
In October the mines situated on the territory of Russia-supported terrorist organization Donetsk People’s Republic mined 1.03 million tons of coal. In particular, the DPR Ministry of coal and energy-controlled mines yielded 512.47 thousand tons of coal. Donbass Mine Group yielded 125.5 thousand tons of coal, Torezantrazit – 108 thousand tons, and Shakhterskantrazit – 95.2…
Magnitogorsk Iron and Steel Works has started construction of a new sinter plant as part of its long-term development strategy announced in November 2015 to increase efficiency and reduce costs. Commissioning of the new sinter plant will provide MMK’s blast furnaces with high-quality sinter produced using state-of-the-art energy-saving and environmentally safe technologies. The new plant…
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 135 154 144 158 September 146 173 160 167 * – 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…
NLMK Group, an international steel producer with operations in Russia, Europe and the USA, is opening NLMK Europe’s Project Office, a new division for integrated planning and implementation of investment programs at the group’s European facilities. Konstantin Lagutin, NLMK Group’s VP for Investment Projects, said: “The new project office will allow us to integrate our…
Metal output in January-September decreased by 5.8% YoY, against the 6.5% increase in January-September 2015. According to the National Statistic Service, ferromolybdenum output went up by 8.1% YoY, to 4614 tons, with 718 tons produced in September, up by 12% MoM. Molybdenum concentrate production increased by 0.5% YoY, to 7970 tons, with 925 tons produced…