Kola MMC (Norilsk Nickel affiliate) has completed repair of worn-out sections of the gas duct from metallurgical shop to sulfuring acid production department of refining shop. Total of 15 sections of the gas duct were replaced with the total lengths of 293 m. Pechengastroy, Kola MMC subsidiary, was responsible for replacement of gas duct segments.…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max min max May 431 725 510 565 June 431 725 412 429 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the…
In 2015 Zaporozhye Titanium and Magnesium Works paid 43.1 million UAH of dividends to the state. Last year the company received 112.8 million UAH of net profits. 75% of the profits (84.6 million UAH) were spent to pay dividends, 20% – on the works development and 5% remained in the reserve fund. “Despite the tough…
Three mines in the Russia-supported terrorists-occupied Gorlovka are operating in life-supporting mode, while another one has been flooded. For the last two years miners received only 3-months worth of salary. At the same time Artemugol received some Russian money to clear June salary debts. (Ukrainian metal)
Supervisory board of ArcelorMittal Kriviy Rih has appointed Clark David George (a citizen of Australia) its chairman. He is the technical director and strategy head of ArcelorMittal. On July 15, the supervisory board dismissed Davinder Chugh from the office of the chairman, as this month he turned 60 and he could leave the corporation. (Ukrainian…
The Federation of Ukrainian Metallurgists has noted the success of the Ministry of economic development and trade policy in protecting local metal manufacturers interests on foreign markets. “We thank the ministry for the help in protection from antidumping investigations in India, Pakistan, EEU, for the work on free trade zones with Turkey and Israel, for…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max May 414 502 June 416 512 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Metinvest has approved of the continuous casting machine reconstruction project of Mariupol Ilyich Iron and Steel Works. The repair will cost $150 million. This project will make the converter shop of Ilyich work at full capacity. After the construction of the new continuous casting machine Ilyich steel output will increase by 1-1.5 million tons, to…