Ukraine: no profits for Zakarpatvtormet in 2014
In 2014 Zakarpatvtormet (Uzhgorod) received 1.09 million UAH of losses.
In 2014 Zakarpatvtormet (Uzhgorod) received 1.09 million UAH of losses.
Month Russian market, $/t, EXW, without VAT, $1/RUR51.703* Ukrainian market, $/t, without VAT, EXW, $1/UAH21.047* min max min max March 687.21 687.21 571.23 571.23 April 764.37 764.37 496.86 496.86 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.15 according to the National Bank of Ukraine and the Central Bank of the…
Metinvest missed repayment of outstanding principal on its $114 million 10.25% notes, maturing on May 20, 2015. The company has issued no statement yet as to the ongoing consultations with its creditors. The non-payment is tantamount to default as the 2015 notes foresee no remedy period. The nonpayment also triggers cross-default, which is supposed by…
In April Ukraine produced 1660 thousand tons of rolled metal, up by 15.8%, or by 226 thousand tons, MoM.
Export prices are down by $5-10.
In April Ukraine exported $160.77 million worth of iron ore, with imports on the level of $3.25 million.
Export prices are down by $5-10.
In 2014 Ukrainian Mining and Metallurgical Company (UGMK, Kiev) received 52.09 million UAH of profits.