Ukraine: Ordzhonikidze Mine-Repairing Works ends 2015 with losses

In 2015 Ordzhonikidze Mine-Repairing Works received 9.35 million UAH of losses.

According to the company statement, its net income went down by 49% YoY, or by 11.95 million UAH, to 12.38 million UAH.

The works specializes in the manufacture and repair of metal machinery. (Ukrainian metal)

Ukraine: KSLZ appoints chairman

The supervisory board of Kremenchuk Steel Works has appointed Victor Samusenko chairman of the board.

According to the company statement, Rostislav Dubrov, Andrei Klimenko and Stanislav Tizh (ex-acting chairman) have been reelected members of the board.

Previous chairman of the board Dmitry Chernenko was dismissed on January 14. (Ukrainian metal)

Ukraine: Zakarpatvtormet losses down in 2015

In 2015 Zakarpatvtormet received 957 thousand UAH of losses, down by 12.5% YoY, or by 137 thousand UAH.

According to the company statement, its net income went up 3.9 times YoY, or by 9.19 million UAH, to 12.39 million UAH.

In 2014 Zakarpatvtormet received 1.09 million UAH of losses. (Ukrainian metal)

Ukraine: VEB looking to sell ISD

Russian Vnesheconombank is actively looking for buyers of the Industrial Union of Donbass Corporation (ISD). ISD comprises of Dneprovsky Iron and Steel Works named after Dzerzhinsky, Alchevsk Iron and Steel Works and Alchevsk By-Product Coke Works, as well as ISD Dunaferr (Hungary) and ISD Huta Chestochowa (Poland). In 2015 Ukrainian ISD works received 24.8 billion…

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)

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: 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)

Metals of Ukraine & Russia: hot-rolled coils, March 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056*

min

max

February

221

274

March

241

304

* – 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 Russian Federation. (Ukrainian Metal)

Ukraine: miners not paid wages in full

In March salary debts to miners were 70-75% cleared. Salary debts have been partially cleared at Selidovugol and Volynugol. Lvivugol received 17.2 million UAH from the state and decided to spend 10 million UAH from coal sales to pay salary, so, it was able to clear 88% of the debt. Krasnoarmeyskugol miners still haven’t received…

Metals of Ukraine & Russia: round billets (structural steel), March 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056*

min

max

February

281

281

March

270

270

* – 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 Russian Federation. (Ukrainian Metal)

Ukraine: coal output up in January-April 2016

In January-April Ukraine mined 13.51 million tons of power-generating and coking coal, up by 9% YoY. According to the Ministry of energy and coal industry, state mines yielded 2.1 million tons, or 15.6% of the total volume. State mines output fall reached 6.8%. In April Ukraine mined 3.48 million tons of coal, with 501.4 thousand…

Ukraine: metal output up in January-April 2016

In January-April Ukrainian metal companies produced 8.23 million tons of carbon steel, up by 16.4% YoY. Pig iron output increased by 22.3%, to 7.87 million tons, that of rolled metal – by 17.1%, to 7.22 million tons, coke output went up by 34.9%, to 4.44 million tons, while that of steel pipes dropped by 10.4%,…