In January-June Dneprovsky Iron and Steel Works produced 1.02 million tons of rolled metal, down by 15.6% YoY. According to a company representative, steel smelting dropped by 13.8%, to 1.02 million tons, while pig iron output decreased by 8.1%, to 1.04 million tons, all YoY. In June DMK produced 132 thousand tons of rolled metal,…
In 2015 ArcelorMittal Kriviy Rih fired several dozens of employees, summoned to serve in the army. According to the Ukrainian legislation, such conscripts retain their work place and receive average monthly salary. And they cannot be fired according to the Labor Codex. Some of the conscripts filed a suitcase as the company refused to employ…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max April 206 278 375 425 375 425 May 206 370 340 365 340 370 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16…
NSMMZ (Nizhniye Sergi), a key company in NLMK group’s long products division which operates from three production sites in Sverdlovsk region in the Urals, has been renamed NLMK Ural. The company adopted a new charter and registered the change of name with the Inspectorate of the Tax Service of Russia #30 for Sverdlovsk region. The…
June proved to be extremely unlucky for Ukrainian metal companies mostly because of the railroad strike. Steel smelting dropped by 19% MoM, to 1.87 million tons, pig iron output decreased by 20.5% MoM, to 1.79 million tons. Average daily steel output in June totaled 62.4 thousand tons as opposed to 73.2 thousand tons in May.…
In January-May Ukraine sold 660.8 billion UAH worth of industrial products (588.2 billion UAH in January-May 2015), including 177.2 billion UAH exported (174.5 billion UAH). According to the State Statistics Committee, metal and metal wares accounted for 17% of the total volume, while mining products totaled 12.1%. In May mining sales went up by 15.7%…
DTEK, which produces some 70% of electricity in Ukraine, has received the first offers from power-generating coal suppliers from SAR and Australia, who can sell it at 1.7-2.15 thousand UAH ($68.5-86.6) per ton with 5.7 thousand kcal quality. According to the company commercial director John Woodham, deliveries from the temporarily uncontrolled territories (the so-called Donetsk…
In January-June Ferrexpo produced 5.72 million tons of iron ore pellets, down by 1.6% YoY. According to the company statement, 65% Fe content pellets output went up by 5.9% YoY, to 5.35 million tons, that of 62% Fe content fell by 51.9% YoY, to 363.9 thousand tons. Ferrexpo own ore pellets output totaled 5.7 million…