Donetsk Iron and Steel Works can soon stop its operation completely. Because of the railway strike the works can’t get pellets and supply pig iron. “We have pellets stocks for a couple of days”, said a source at the works and added that one of the blast furnaces had been stopped. (Ukrainian metal)
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max March 195 289 April 205 289 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
The Arbitrary court of Moscow has denied Vadim Varshavsky, the ex-owner of Estar, his claim to Mechel to hand over Daveze Limited shares, which owns Donetsk Electrometallurgical Plant. Estar bought DEMZ and some other assets in 2009 from Istil Group for $1 billion. Alfa-Bank financed the deal, and when Estar wasn’t able to clear its…
Several iron and steel works, situated on the Ukraine-uncontrolled territories of Donetsk and Lugansk regions, have been stopped because of the Donetsk railway strike. A week ago railroaders went on a strike demanding their salaries to be paid. Alchevsk Iron and Steel Works has temporarily closed-down all of its blast furnaces. Yenakievo Iron and Steel…
For the past several years Metinvest invested over 45 billion UAH into development of its companies. “We have completely modernized the Yenakievo Iron and Steel Works, we’ve implemented cyclic-and-continuous technology at all our GOKs. We put into operation PCI machines at Ilyich. We’ve modernized Azovstal continuous cast machines”, said the group CEO Yuri Ryzhenkov. Metinvest…
In April Nikopol Ferrolloy Plant produced 65.6 thousand tons of silicomanganese, up by 18% MoM, or by 10 thousand tons. At the same time ferromanganese output dropped by 95.3% MoM, or by 6.1 thousand tons, to 0.3 thousand tons. In January-April NZF produced 221.8 thousand tons of silicomanganese, up by 2.7% YoY, or by 5.9…
In January-May Ukraine imported $571.02 million worth of coal and anthracite, with $102.86 million in May. According to the State Fiscal Service, Russia supplied $363.8 million worth of coal, US – $83.83 million, Australia – $38.08 million, and all other countries – $85.3 million. All in all in 5 months Ukraine imported 6583.31 thousand tons…
Wolbert Company, Plamsted and Kamset Holdings (all from Cyprus) intend to buy 19.3% of Nikopol South Pipe Works shares each. According to the company statement, Wolbert Company will buy 72716543 shares, Plamsted will purchase 72716544 shares, and Kamset Holdings plans to buy 72716544 shares of NPTZ. (Ukrainian metal)