Ukraine: Velta to fire 500 employees
Velta will have to fire 500 employees of its mining and processing works (ilmenite concentrate) in Kirovograd region after the State Geology Service canceled its titanium raw materials mining license.
Ukraine: Zaporizhstal to be cut from electricity for VAT debts
Zaporizhstal has received a notification from the energy company Zaporozhyeoblenergo that it plans to stop electricity supplies to the works due to the breach of payment terms as the result of the state VAT debt of 822 million UAH.
Metals of Ukraine & Russia: square billets (structural steel), October 2015
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH22.904* min max September 239.24 239.24 October 213.55 309.47 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.10.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Ukraine: metal companies to relocate
Shareholders of the Makeevka Subsidiary of Yenakievo Iron and Steel Works, Komsomolskoye Mine Group and Donetskkoks (all from Donetsk region) plan to decide on the companies’ location at their meeting on December 17.
Ukraine: metal works to halt
The further fall of the world steel and iron ore prices could result in Ukrainian metal works stopping operation.
Ukraine: UMCC gets control over ZTMK
The state enterprise United Mining and Chemical Company has received a real control over Zaporozhye Titanium and Magnesium Works.
Ukraine: coal supply stop affects metal market
Coking coal deliveries from Russia stopped several days ago, said Metinvest CEO Yuri Ryzhenkov.
Ukraine: African coal to replace Russian
“To fully supply our thermal power stations we are actively seeking suppliers from the South African Republic. Two ships are now carrying coal to us. 168 thousand tons for Centreenrgo and 80 thousand tons for thermal stations. The first vessel with coal should arrive on December 4, the second – on December, 12. So in…
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