Ukraine: VAT reimbursement in May 2016

In May ArcelorMittal Kriviy Rih received the most VAT – 577.2 million UAH. According to the State Treasury, Poltava GOK came second with 354.4 million UAH, while Azovstal received 335.4 million UAH of VAT reimbursements. They were followed by Mariupol Ilyich Iron and Steel Works (322 million UAH), Nikopol Ferroalloy Plant (166.8 million UAH), Zaporizhstal…

Ukraine: EEC decided not to implement compensatory duties on ferroalloys

The Eurasian Economic Commission has stopped its compensatory investigation on ferrosilicomanganese originating in Ukraine and imported to the Customs Union. “The inner market protection department has decided there was no basis for the implementation of the compensatory duty in respect of ferrosilicomanganese originating in Ukraine and imported to the Customs Union”, said the department in…

Ukraine: coal mining up in January-May 2016

In January-May Ukraine mined 16287.1 thousand tons of coal, up by 1.5% YoY, or by 238.6 thousand tons. Coking coal output increased by 11%, or by 367 thousand tons, to 3702.7 thousand tons, while that of power-generating coal went down by 1%, or by 128.4 thousand tons, to 12584.4 thousand tons, all YoY. The Ministry…

Ukraine: Azovstal and Avdiivka Coke shares excluded from main index

The index committee of Ukrainian Stock Exchange has excluded Azovstal Iron and Steel Works and Avdiivka Coke and Chemical Works shares from its main index.

The decision was taken following the transformation of the companies from public to private ownership. (Ukrainian metal)

Ukraine: Avdiivka Coke stops coke delivery

Avdiivka Coke and Chemical Works had to temporarily stop coke deliveries following recent shelling.

In 2014-2015 the works was idle over 10 times because of the damage caused by shelling. (Ukrainian metal)

Ukraine: HBI imports up in January-May 2016

According to the State Fiscal Service, in January-May Ukrainian companies imported 44.41 thousand tons of hot-briquetted iron worth $6.68 million, up 7.7 times and 4.4 times YoY respectively.

In May HBI imports increased to 17637 tons from 12827 tons in April. Russia was responsible for all HBI deliveries. (Ukrainian metal)

Metals of Ukraine & Russia: beams (structural steel), April 2016

Month

Russian market, $/t, EXW, without VAT, $1/RUR64.3334*

min

max

March

450

670

April

531

673

* – 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)

Ukraine: DMZ halted

Donetskstal has decided to stop operations at Donetsk Iron and Steel Works because of problems with logistics in the Antiterrorist operation zone. “The blast furnaces have been shut down until the railroad starts working again”, said Metallurgprom president Alexander Kalenkov. In May DMZ produced 106 thousand tons of pig iron – the largest volume since…

Ukraine: metal prices increase speeds up in May 2016

In May industrial prices increased by 5.3% MoM and by 13.9% YoY in January-May.

According to the State Statistics Service, mining prices went up by 19.7 MoM, processing – by 4%, including by 13.4% in metal. Coke prices in May increased by 1.6% MoM. (Ukrainian metal)