In May Yuzhniy Mining and Processing Works produced 918 thousand tons of concentrate, down by 5.8% YoY. According to the company statement, sinter output dropped by 16%, to 736.24 thousand tons. The company explains sinter output drop with the change in market situation. In January-May UGOK produced 4521.8 thousand tons of concentrate, down by 4%…
In January-May Yenakievo Iron and Steel Works produced 880 thousand tons of pig iron, up by 56% YoY. According to a company representative, steel smelting increased by 37.8%, to 879 thousand tons, and pig iron output grew by 52.5%, to 839 thousand tons, all YoY. In May the works produced 195 thousand tons of rolled…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max min max March 29 37 31 33 April 33 42 33 36 * – 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…
In January-May Azovstal Iron and Steel Works produced 1.32 million tons of rolled metal, up by 2% YoY. According to the company statement, steel smelting increased by 4.8%, to 1.47 million tons, that of pig iron – by 4.6%, to 1.26 million tons, all YoY. Because of the closing down of sinter factory, the works…
Supervisory board of Krasnogorovka Refractory Works has reelected Revaz Djodjua general director for 1 year. According to the company statement, in 2014 it received 1.95 million UAH of losses, having decreased its net income by 59.91% YoY, or by 131.49 million UAH, to 87.99 million UAH. Financial results for 2015 have not been disclosed. (Ukrainian…
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…
