Month Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 443 2135 418 418 August 389 2135 418 418 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…
In January-June Metinvest B.V. received $90 million of net profits as opposed to $166 million of losses in H1 2015. The company revenues dropped by 21% YoY, to $2.88 billion, while EBITDA decreased by 7%, to $580 million. The total debt increased by 1%, to $2.98 billion. According to the group CEO Yuri Ryzhenkov, the…
On October 10, the mine named after Skochinsky, situated near the military zone, put into operation a new long face with 493 thousand tons of coal deposits. “The length of the face is 238 meters, the thickness of the layer is 1.5 meters, and the deposits are estimated at 493 thousand tons. We plan to…
Norilsk Nickel provides an update on the status of the sale of its 50% participation interest in the Nkomati JV. On October 17, 2014 Norilsk Nickel announced that it had entered into a binding agreement for the sale of its African assets to Botswana-based BCL Investments, which was controlled by the government of Botswana. All…
The total volume of titanium products shipped by VSMPO-Avisma this year could keep with 2015 level – 28-29 thousand tons. According to the company general director Mikhail Voevodin, sales structure shifted to exports, but would not affect financial results. “We have lost some 4 thousand tons YoY in Russia, but received 2 thousand tons in…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 43 50 59 69 August 46 52 53 61 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…
In January-August Russia decreased the raw nickel output by 10.8% YoY, but increased that of raw cobalt by 71.1%. According to the Federal State Statistics Service, in August raw nickel output dropped by 16.9% YoY but went up by 8.5% MoM, while that of raw cobalt increased 2.4 times YoY and by 8.6% MoM. (Ukrainian…
ArcelorMittal Kriviy Rih plans to stop using natural gas altogether in 2 years replacing it with the pulverized coal mix. On October 12, the Prime Minister Vladimir Groysman participated in the putting into operation of the PCI machine in the blast furnace No. 9 at AMKR. “We’re injecting some 40 tons per hour, that’s around…