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

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897*

min

max

August

346

346

September

340

340

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Russia: Severstal-Metiz saves 70 million rubles

In January-September Severstal-Metiz was able to save over 70 million rubles due to the successful realization of expenses decrease measures. According to the company statement, the most effective were the wire production technique changes, coating materials usage decrease and the replacement of packaging. “We pay much attention to changes that directly affect prime cost decrease…

Ukraine: Poroshenko cancels scrap import duties

The president of Ukraine Petro Poroshenko has signed the decree on 5% scrap import duty cancellation that introduces amendments to the customs tariffs. The decree is supposed to decrease ferrous scrap shortage on the local market and provide for infrastructure objects restoration. This is the second part of the metal market supporting package – the…

Metals of Ukraine & Russia: foundry pig iron, September 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897*

min

max

August

247

247

September

275

275

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Russia: Highland Gold Mining output down in Q3 2016

In Q3 Highland Gold Mining Ltd produced 63.09 thousand ounces of gold equivalent, down by 11% YoY. Output decrease is explained by the drop in Belaya Gora production. Mnogovershinnoye and Novoshirokinskoye mines output remained mostly flat. In January-September gold output totaled 191.75 thousand ounces, up by 0.2% YoY. This year the company intends to mine…

Ukraine: Cabinet decreases ATO coal deliveries

At present Ukraine gets some coal from mines on the occupied Donbass territories that pay taxes to the state. According to the energy and coal industry minister Igor Nasalik, Ukraine consumes 24 million tons of anthracite coals, with some 2.9 million tons produced at unoccupied territories. All the rest is supplied from mines in the…

Russia: Fosun Group to buy 25% in Polyus

Polyus Gold International Ltd (PGIL) of tycoon Said Kerimov is in talks to sell 25% plus one share in the Russian largest gold producer to China’s Fosun Group for $2 billion. A source reported that the negotiations were at an advanced stage, and the deal might take place in late 2016 or in early 2017.…

Metals of Ukraine & Russia: square billets (structural steel), September 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897*

min

max

August

256

390

September

250

413

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: SAR coal arrives

The Yuzny trade seaport has received the vessel with 79 thousand tons of anthracite from the South African Republic.

The delivery was timely. All the coal is intended for Pridneprovskaya thermal power plant.

Unloading will take 3 days. (Ukrainian metal)

Ukraine: Lviv Coal Company to strike

On November 9, the employees of the Lviv Coal Company intend to stop supplying coal because of the salary debts. According to the Independent Miners Union chairman Mikhail Volynets, the employees of the coal processing company haven’t been paid salary for 3.5 months. The factory processes coal mined by Lvivugol and Volynugol. On November 10,…

Metals of Ukraine & Russia: scrap (grade 3a), September 2016

Month

Russian market, $/t, FCA, without VAT, $1/RUR63.16*

min

max

August

63

174

September

63

188

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Metals of Ukraine & Russia: round billets (ordinary steel), September 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897*

min

max

August

346

379

September

340

441

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: Zhevago leaves PGOK SB

Konstantin Zhevago has left the supervisory board of Poltava Mining and Processing Works, the largest iron ore pellets producer in Ukraine.

According to the company statement, Zhevago resigned on October 19. His office ended on November 3. He has been in the supervisory board for 20 years, but directly owns no PGOK shares. (Ukrainian metal)

Ukraine: EMSS to supply rolls to Finland

Energomashspetsstal will supply a large batch of rolls with mechanical treatment to Eurohuolinta Oy.

According to the company statement, the rolls weighing 490 tons will be shipped to Finland in January-February 2017. EMSS will produce 76 rolls. They will be used to produce electric machines.

The companies have been cooperating for 10 years. (Ukrainian metal)