Magnitogorsk Iron and Steel Works on May 27, held its Annual general meeting of shareholders (AGM) in Magnitogorsk. The AGM approved of MMK’s annual report and financial statements for FY 2015 and resolved to pay a dividend for the 2015 financial year of RUB 0.31 per common share of issued stock (incl. tax). Earlier shareholders…
One of the largest lithium deposits in Europe, situated in Kirovograd region, has been given to Ukrainskiye redkiye metally LLC (Ukrainian rare metals). On May 20, Kirovograd regional council voted to allow the company to work at the deposits. The company is believed to be connected with Alexander Pavlyuchenko, a well-known criminal. (Ukrainian metal)
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max March 195 289 310 325 305 325 April 205 289 375 425 375 425 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16…
Ukraine imports 4 million tons of coal from the occupied territories of Donbass per year. “The vice-prime-minister on occupied territories deals with these deliveries. Our ministry is not engaged”, said the Ministry of energy and coal industry head Igor Nasalik. Due to the military conflict in Donbass Ukraine has lost access to most mines there.…
Scrap export duty increase is a temporarily and forced action taken with the country interests in mind, says deputy minister of economical development and trade, the trade representative of Ukraine Natalia Mikolskaya. According to her, for EU scrap exports from Ukraine are not economically important, as it consumes very little of Ukrainian scrap. “That’s more…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max min max March 283 654 376 376 April 317 659 376 376 * – 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…
Energomashspetsstal has concluded an agreement with Azovstal to supply working rolls for section rolling mills. EMSS will produce 28 rolls with the total weight of 268.5 tons. “The rolls will be used at rolling mills that produce rails, beams, channel, angles and other metal. According to the agreement, EMSS will deliver the rolls in Q2-Q3”,…
On June 17, Kiev will host the “Scrap metal: sources and market trends” conference. Scrap procurement and sales are having hard times. Export limiting decrees have made the market uncertain and nervous and the conflict with metal makers even deeper. The conference will deal with scrap procurement under such difficult circumstances, prospects of scrap export…