Metals of Ukraine & Russia: hot-rolled coils, April 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865*

min

max

March

251

316

April

282

377

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: energy ministry to increase coal price

The Ministry of energy and coal industry head Igor Nasalik says coal price can still grow. “Coal price should meet European price. We seek to increase the price”, he said. According to him, the coal industry is suffering from the lack of financing. The ministry is working on state subsidies, management quality increase, but still…

Ukraine: Zaporizhstal passes standardization

Zaporizhstal has successfully passed power management system resertification audit to meet ISO 50001:2011. The audit was carried out by the Technical and management services company, a partner of TUV SUD. The auditors have marked the high level of power management and prolonged the certificate for 3 years. For the past three years Zaporizhstal was able…

Russia: Fitch revises MMK’s outlook to positive

Magnitogorsk Iron & Steel Works (MMK) is pleased to announce that on May 23, the rating agency Fitch Ratings revised the outlook on its long-term issuer default rating (IDR) to positive from stable and affirmed the IDR at ‘BB+’. In its press-release Fitch notes that the positive outlook reflects MMK’s strong financial performance which allowed…

Ukraine: Severstal-Metiz CEO becomes Dneprometiz chairman

Supervisory board of Dneprometiz has appointed Anatoly Frishman, CEO of Severstal-Metiz (Russia), its chairman.

Frishman has been appointed until the next annual meeting of the shareholders.

Chief accountant deputy of the company Lilia Dubovichenko has been appointed chairman of the revision committee. (Ukrainian metal)

Russia: Kola abandons outdated raw material preparation technology

Kola (subsidiary of Norilsk Nickel) has decommissioned the pelletizing and roasting sector (PRS), in effect abandoning the obsolete technology used since 1960s and shifting to copper-nickel concentrate briquetting. Kola completed this work in line with Metallurgical production facilities revamping program, specifically to improve the company’s environmental performance. The shutdown of the roasting area required major…

Ukraine not to buy African coal

In 2016 Ukraine will not be buying coal from the South African Republic, said the head of the Ministry of energy and coal industry Igor Nasalik. “We will stop buying coal. Under the current circumstances and taking into account our abilities, we no longer need to buy their coal”, said the minister. “Our stocks allow…

Ukraine: ZTMK chooses auditor

Zaporozhye Titanium and Magnesium Works has chosen the auditor company Audit-finansy to conduct its 2015 financial audit for 199 thousand UAH.

The offer was accepted on May 19. The audit is to be conducted within 60 days of the agreement signing.

5 other companies offered higher prices. (Ukrainian metal)

Ukraine: DTEK coal output up in Q1 2016

In January-March DTEK mined 7.2 million tons of coal, up by 5.8% YoY. According to the company statement, the output rise allowed processing factories to increase coal processing and concentrate manufacture – to 5.4 and 3.4 million tons respectively. In Q1 DTEK Rovenkiantrazit, DTEK Sverdlovantrazit and DTEK Komsomolets Donbassa Mine anthracite output increased by 120.4%…

Ukraine: coke output down in April 2016

In April bulk 6% moisture coke output in Ukraine totaled 1134 thousand tons, down by 1.3% MoM, or by 15 thousand tons.

According to Metallurgprom, in January-April Ukraine produced 4444 thousand tons of coke, up by 34.9% YoY, or by 1151 thousand tons. (Ukrainian metal)

Ukraine: PGOK pellets output in January-April 2016

In January-April Poltava Mining and Processing Works, a part of Ferrexpo, produced 3.85 million tons of iron ore pellets.

The company exported 3.99 million tons of pellets to Europe, Near East, Japan, China and Korea.

In 2015 PGOK received 5.79 billion UAH of losses. (Ukrainian metal)