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…
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…
UMG has signed a contract with the Belgian Sibelco for supplies of slag, a waste product of Ukrainian coal-fired thermal power stations. As agreed, in 2016 UMG is going to deliver 45 thousand tons of slag from the ash dumps of DTEK’s TPSs to the Netherlands-based branch of Sibelco. Slag is used as an abrasive…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max min max March 42 48 67 71 April 48 55 66 70 * – 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-April Zaporozhye Ferro Alloys Plant decreased output by 14.8% YoY, to 85.8 thousand tons. According to the Association of Ukrainian ferroalloy producers, the works silicomanganese output dropped by 23.6% YoY, to 36.5 thousand tons, and that of ferromanganese – by 28.3%, to 14.7 thousand tons. At the same time ferrosilicon output grew by 12.9%…
The head of Donetsk regional military-civilian administration Pavel Zhebrivsky wants to divide state mines into 3 categories on the basis of their profitability. The mines that cannot be profitable have to be shut down. “Mines that can be profitable fall into the second category. We will help them open new long faces, and will sell…
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)
In May Zaporizhstal produced 344.4 thousand tons of pig iron, 366.8 thousand tons of steel and 307.5 thousand tons of rolled metal, all up by 3.6%, 1.3% and 1.7% YoY respectively. According to the company statement, in January-May pig iron output went up by 4.3%, to 1522.8 thousand tons, that of steel – by 3%,…