The steel production by Ukraine dropped considerably due to the ongoing political instability in the region. More importantly, imports and exports of scrap metals declined during the first half of the current year.
Ukrainian export prices are down by $25, Russian export prices are up by $20.
In June Ukraine produced 2003 thousand tons of steel, down by 7.9%, or by 172 thousand tons MoM.
Month Russian market, $/t, EXW, without VAT, $1/RUR55.524* min max May 497.08 819.47 June 497.08 819.47 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
The main coke plant of Ukraine’s largest steel producer, Metinvest, is on the verge of halting output after heavy shelling overnight damaged power lines, the company said.
Ukrainian iron ore miner Ferrexpo said it was cautious about its full-year performance due to weakness in iron ore prices and an uncertain situation in Ukraine, as it reported a 45% fall in its half-year core profit.
Month Russian market, $/t, EXW, without VAT, $1/RUR55.524* min max May 543.01 643.87 June 543.01 643.87 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Alchevsk Iron and Steel Works, a part of the Industrial Union of Donbass, has put its second blast furnace into operation.
