This year VSMPO-Avisma (Russia) will decrease raw materials purchases from Ukraine. It will buy only 85% of ilmenite from Ukrainian suppliers, down from 100% earlier. “There are no long-term contracts on ilmenite. They are only concluded for 1 year. This year 85% of ilmenite will be supplied from Ukraine”, the company CEO Mikhail Voevodin said.…
Zaporizhstal has increased wages to its employees by 5%. According to the company statement, the increase was made within the framework of salary increase of Metinvest companies. This is the second time this year that the salary is increased. The first time it went up by 10%. “The salary increase will partially compensate for the…
Month Russian market, $/t, DDP, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, DDP, $1/UAH25.489* min max min max July 690 900 800 1750 August 720 920 800 1750 * – 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…
The electric furnace shop of Oskol Electrometallurgical Works has produced the 70-millionth ton of steel. According to the company statement, the output volumes were gradually increased with machinery and techniques modernization. (Ukrainian metal)
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max July 245 403 320 325 320 330 August 256 403 315 325 315 345 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16…
In September miners of DTEK Dobropolyeugol Almaznaya mine yielded 108 thousand tons of G-grade coal. In January-September the mine yielded 650 thousand tons of coal. In September coal was mined at two sites. “The heating season will start soon, so the miners have to work with maximum efficiency. We intend to have good results in…
Russian tycoon Alexei Mordashov, the core owner of steelmaker Severstal, has suggested the government stimulate consumers to buy reinforcement steel and other products of the company at higher prices. In a letter to the Deputy Prime Minister Arkady Dvorkovich, Industry and Trade Minister Denis Manturov, and the Federal Antimonopoly Service’s Director Igor Artemyev Mordashov said…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max July 253 253 August 247 247 * – 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 Russian Federation. (Ukrainian Metal)