Ukraine: VAT reimbursement in 2016

The largest recipient of VAT refunds in 2016 was ArcelorMittal Kriviy Rih, which received 8.03 billion UAH, the State Treasury Service has said. According to its data, it is followed by Mariupol Ilyich Iron and Steel Works with 3.77 billion UAH and Azovstal with 3.46 billion UAH. Among other major VAT refund recipients are Poltava…

Ukraine: Zaporizhstal 2016 results

In December 2016 Zaporizhstal produced 264.6 thousand tons of pig iron, 305.4 thousand tons of steel and 267.4 thousand tons of rolled metal, all down by 25.2%, 13.5% and 11.9% YoY respectively. In January-December 2016 the output totaled 3600.2 thousand tons of pig iron, 3890.7 thousand tons of steel and 3367.9 thousand tons of rolled…

Metals of Ukraine & Russia: squares (ordinary steel), November 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499*

min

max

October

415

420

November

457

457

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: AMKR celebrates New Year’s Eve delivering new products for its biggest customer

ArcelorMittal Kriviy Rih has developed and put new casting technology into operation at LFCC. It is high carbon commercial quality steel 85 for production of wire rod with 0.82-0.89% carbon content at hybrid mill LSM-WRM-6 according to the pilot order (110 tons). The customer is the biggest consumer of high carbon wire rod and the…

Ukraine: Mariupol Ilyich spends 30 million UAH to repair locomotives

Mariupol Ilyich Iron and Steel Works spent over 30 million UAH in 2016 on locomotive repairs.

The company received the M62UP locomotive, repairs cost around 9 million UAH.

According to the company CEO Yuri Zinchenko, the works specialists are preparing the locomotive to be put into operation. (Ukrainian metal)

Ukraine to sell ZALK by December 2017

The government of Ukraine has ordered to privatize 68.0095% of shares of the Zaporozhye Aluminum Works, 75.224% of Turboatom and 99.999% of Oriana.

According to the government order, the stakes in the above companies will have to be sold on transparent auctions by November 30, 2017. (Ukrainian metal)

Ukraine: Electrostal output down in January-November 2016

In January-November Electrostal produced 298 thousand tons of continuous cast billets, down by 2.3% YoY.

According to the company statement, in November the output totaled 31 thousand tons. Most of the produce is exported.

In January and February the works stood idle, resuming operation only in late February. (Ukrainian metal)

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Metals of Ukraine & Russia: round billets (ordinary steel), November 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499*

min

max

October

305

361

November

320

369

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)