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

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854*

min

max

May

287

314

June

265

265

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: coal deliveries from ATO zone resumed

After almost a 2-months break Ukraine resumed coal deliveries from the Antiterrorist operation zone via Nikitovka – Mayorsk route. 43 railroad cars brought coal for Ukraine’s thermal power plants. The railroad movement there stopped on June 1. On June 5, the railroad was heavily damaged by shelling. On July 27 railroaders from Ukraine and the…

Russia: Kola completes gas duct repairs

Kola MMC (Norilsk Nickel affiliate) has completed repair of worn-out sections of the gas duct from metallurgical shop to sulfuring acid production department of refining shop. Total of 15 sections of the gas duct were replaced with the total lengths of 293 m. Pechengastroy, Kola MMC subsidiary, was responsible for replacement of gas duct segments.…

Ukraine: Gorlovka mines drowning

Three mines in the Russia-supported terrorists-occupied Gorlovka are operating in life-supporting mode, while another one has been flooded.

For the last two years miners received only 3-months worth of salary. At the same time Artemugol received some Russian money to clear June salary debts. (Ukrainian metal)

Metals of Ukraine & Russia: cold-rolled coils, June 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854*

min

max

May

414

502

June

416

512

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: Metinvest to invest $150 million into Ilyich continuous casting machine

Metinvest has approved of the continuous casting machine reconstruction project of Mariupol Ilyich Iron and Steel Works. The repair will cost $150 million. This project will make the converter shop of Ilyich work at full capacity. After the construction of the new continuous casting machine Ilyich steel output will increase by 1-1.5 million tons, to…

Ukraine: ferroalloy companies demanding to stop increasing electricity price

The Association of Ukrainian Ferroalloy Producers has asked the Cabinet of Ministers, the President Administration and the National power and housing utilities state regulation committee to return electricity prices to December 2015 (1.23-1.52 UAH per kW-h) and prohibit their increase in 2016-2021. “For the past several months the electricity tariffs for industrial manufacturers have been…

Ukraine: scrap prices at their lowest

In June Ukrainian companies received 299 thousand tons of scrap, up by 5% MoM, or by 13 thousand tons. According to the state enterprise Ukrpromvneshexpertisa, the increase was the result of the traders quickly selling their stocks in fear of the further drop in local market purchasing quotations. In June local metal companies decreased their…

Ukraine: EEC ferroalloys duties suspended

The decisions of the Eurasian Economic Commission of June 2, are suspended in order to let the Eurasian intergovernmental council study the matter. In late May EEC decided to impose antidumping duties on ferrosiliomanganese from Ukraine for 5 years. The duties amounted to 26.35% of the customs price. The compensational investigation was started on December…