Ukraine: DTEK happy about new coal price

DTEK welcomes the transition to the new technique of calculating the price, where the coal price is linked with the European coal price index (API2). “Still we don’t feel any positive effect of the new technique yet. But the whole idea of bringing Ukrainian price to international market indexes is a correct decision, as the…

Ukraine: coal industry in need of state support

Ukraine’s coal industry needs state support in order to prepare for the heating season of 2016-2017.

“Without the state support coalminers will have problems this heating season. I think the government will find funds to provide for the difference in product price”, said the minister of energy and coal industry Igor Nasalik. (Ukrainian metal)

Ukraine: DTEK euroobligation price increase due to restructuring

CEO of DTEK Maxim Timchenko explains the increase in price of the company bonds with the rise of output and the progress in debt restructuring.

In Q1 the company was able to reach normal coal output volumes and started paying its debts in late April. (Ukrainian metal)

Russia: Kola implements latest design technologies for construction

Kola MMC (a subsidiary of Norilsk Nickel) has pioneered surface laser scanning of the facility under construction. The company uses the latest 3D modelling technologies to implement the largest environmental investment project in the Murmansk region, “Recycling of Salt Effluents from Nickel Refining”. This project involves the construction of the most advanced evaporation plant for…

Metals of Ukraine & Russia: round billets (ordinary steel), April 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865*

min

max

March

281

334

April

311

326

* – 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: Metinvest-PromService opens subsidiary in Kriviy Rih

Metinvest-PromService has started servicing and repairing railroad transport at Central, Severny and Ingulets Mining and Processing Works. Three repair shops will be servicing and repairing railroad transport at the works. The subsidiary will employ some 750 workers. Metinvest-PromService used to service Metinvest companies only. The company was founded in 2015 on the basis of repair…

Ukraine: ferroalloys and pipes banned by EEC

Eurasian Economic Commission has approved of the implementation of antidumping duties on Ukrainian ferrosilicomanganese for 5 years and prolonged duties on Ukrainian steel pipes. Ferrosilicomanganese duties will reach 26.35% and will affect Nikopol Ferroalloy Plant, Zaporozhye Ferro Alloys Plant and Stakhanov Ferroalloy Plant. These three works in 2014 supplied $200 million worth of ferrosilicomanganese to…

Metals of Ukraine & Russia: foundry pig iron, April 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865*

min

max

March

218

218

April

285

285

* – 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: monopoly of scrap market

The Ministry of economical development and trade cannot create market conditions in the sphere of ferrous scrap. “There is no competition on the scrap market today. I have been talking to association representatives for a year. What market could it be, if all the scrap in Ukraine is purchased by 2 people”, said the Verkhovnaya…