Ukraine: Metinvest supports scrap export duties
Implementation of scrap metal export duties could be a compromise between metallurgists and scrap procurers, says Metinvest CEO Yuri Ryzhenkov.
Implementation of scrap metal export duties could be a compromise between metallurgists and scrap procurers, says Metinvest CEO Yuri Ryzhenkov.
The state owes Metinvest Group some 2 billion UAH of VAT reimbursement.
Group DF has invested 19.5 million UAH into the construction of the titanium sponge averaging machine at the Zaporozhye Titanium and Magnesium Works. The machine allows automatically controlling the process of different fraction sponge mixing and increasing the chemical composition homogeneity of the products.
DTEK continues to prepare its thermal power stations for winter and notes that anthracite deliveries from the ATO zone are still limited due to the lack of empty cars.
In 2015 Zaporizhstal plans to increase its net profit 2.2 times, to $150 million.
The Ministry of finances, the State Fiscal Service and the state enterprise Energorynok have settled the changes to the rules of VAT-taxing of coal and electricity supplies.
Month Russian market, $/t, EXW, without VAT, $1/RUR66.478* Ukrainian market, $/t, without VAT, EXW, $1/UAH21.185* min max min max July 297.09 652.07 491.04 491.04 August 297.09 625.34 478.30 478.30 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.08.15 according to the National Bank of Ukraine and the Central Bank of the…
In 2015 Zaporizhstal plans to receive $300 million of EBITDA.