Russian state-owned oil major Rosneft and Ural Mining and Metallurgical Company (UMMC) have created joint venture Eastern Mining Company that will become an anchor supplier of rolled steel to the Zvezda shipyard, Rosneft said in a statement. Rosneft will own 25% in the joint venture, while UMMC will own the remaining 75%. The venture is…
Additional expenses of Zaporizhstal from the announced 25% increase in cargo transportation by railroad will amount to 600 million UAH. According to the company CEO Rostislav Shurma, these funds will most likely be stolen by various groups of officials. “They would better increase efficiency, fight corruption and bring investments to the railroad. If they fulfilled…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max September 275 275 October 275 275 * – 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 Russian Federation. (Ukrainian Metal) Dear colleagues! From 2017 the monthly metal price monitoring…
In 2012-2016 Zaporizhstal invested over 5.6 billion UAH into the environment modernization, with 1.7 billion UAH invested in 2016. According to the company CEO Rostislav Shurma, among the major ecological projects is the blast furnace No. 4 modernization with the casting yard exsufflation system, construction of the new pickling line in the cold-rolling shop No.…
In December Ukrainian metal companies plan to produce 2.1 million tons of steel, 2 million tons of pig iron and 1.8 million tons of rolled metal. According to Ukrmetallurgprom, the forecast for November was 1.9 million tons of steel and pig iron each, as well as 1.7 million tons of rolled metal. In October Ukraine…
Zaporizhstal is negotiating a $1.3 billion loan for construction of the converter shop. “We are actively discussing this with banks and financial institutions. But it’s difficult to get investments under current circumstances in Ukraine, although the situation has normalized compared with last year”, the company CEO Rostislav Shurma said. According to him, the negotiations are…
In January-October Donetsk region increased industrial output. In particular in metal and metal wares manufacture the increase reached 6.6% YoY, in mining – 7.1%, in coke and by-product coke manufacture – 18.7%. In October coke production dropped by 5.9% YoY, mining – by 5.2%. Metal and metal wares manufacture went up in October by 1.6%…
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 376 458 341 386 October 424 455 348 402 * – 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…