Ukraine: Evraz Bagleykoks renamed
Shareholders of Evraz Bagleykoks have renamed the company into Evraz Yuzhkoks. According to the company statement, they have also changed the ownership from public to private joint-stock company. (Ukrainian metal)
Ukraine: NGZ alumina output up in 2015
In 2015 Nikolaev Alumina Works produced 1.48 million tons of alumina, up by 1.8% YoY. According to the company statement, its main goal last year was to optimize the prime cost of alumina to reach competitiveness under unstable aluminum and energy resources prices. The prime cost was decreased by 17% YoY. (Ukrainian metal)
Ukraine: Zaporizhstal production results for April 2016
In April Zaporizhstal noted a growth gain in pig iron production by 3.7%, in steel production – by 2.9%, in rolled stock – by 9.7% as compared with the same period of 2015. In April the company produced 269 thousand tons of pig iron, 301.7 thousand tons of steel and 272.9 thousand tons of rolled…
Russia: Mechel intends to hold bonds restructuring
Mechel, one of Russia’s leading mining and steel companies, reports its intention to restructure 17, 18 and 19 series of bonds. The company intends to offer holders of 17-series bonds (State registration number 4-17-55005-E dated 10.08.2010), 18-series bonds (state registration number 4-18-55005-E dated 10.08.2010) and 19-series bonds (state registration number 4-19-55005-E dated 10.08.2010) to introduce…
Ukraine: VAT reimbursement in April 2016
In April Azovstal Iron and Steel Works received the most VAT among other metal and mining companies – 389.9 million UAH. According to the State Treasury, then came Mariupol Ilyich Iron and Steel Works (235.1 million UAH), followed by Zaporizhstal (189.7 million UAH). Evraz Sukhaya Balka received 86.9 million UAH, UGOK – 85.9 million, Interpipe…
Metals of Ukraine & Russia: coke (fraction 25+ mm), March 2016
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max min max February 108 140 141 151 March 108 138 136 141 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the…
Ukraine: Donbass coal deliveries plans to be ready in 2-3 weeks
The Ministry of energy and coal industry intends to have presented a plan on coal deliveries from Donbass in 2-3 weeks. “We need such a financing procedure, which will make it clear where the money goes. That’s without VAT. We’re working on the mechanism”, said the ministry head Igor Nasalik. (Ukrainian metal)
Ukraine: Krasnodonugol drives Metinvest out of supervisory board
Shareholders of Krasnodonugol have recalled Metinvest B.V. from the supervisory board. Instead they have elected Metinvest Holding CEO Yuri Ryzhenkov, metal division director Alexander Pogozhev, acting financial director Julia Dankova, legal director Svetlana Romanova and financial control director Olga Khazimova. All of them have been elected for 3 years. (Ukrainian metal)
