Ferrexpo Plc with EPIC LON:FXPO has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘buy’ by analysts at Cantor Fitzgerald. Ferrexpo Plc are listed in the Basic Materials sector within UK Main Market. Cantor Fitzgerald have set a target price of 120 GBX on its stock. This would imply the analyst believes there is a potential upside of 67.2% from the opening price of 71.75 GBX. Ferrexpo Plc LON:FXPO has a 50 day moving average of 71.63 GBX and a 200 day moving average of 79.73 GBX. The 1 year high for the share price is 144.56 GBX while the year low stock price is currently 47.6 GBX.
In May Zaporizhstal produced 332.4 thousand tons of pig iron, 362.8 thousand tons of steel and 301.2 thousand tons of rolled metal, all up by 17.6%, 9.8% and 5.4% respectively YoY. According to the company statement, in January-May it produced 1.46 million tons of pig iron, 1.59 million tons of steel and 1.37 million tons…
In 2014 Dniepropetrovsk Metal Constructions Works named after Babushkin received 119.68 million UAH of losses.
Once the single largest source of hard currency, accounting for 38% of Ukraine’s export revenues in 2011, steel, iron ore and other metal exports have plummeted 24.5% since Russia’s war on Ukraine began last year.
Ukrainian export prices are down by $10, Russian – by $10-15.
In 2014 Novotroitskoye Mine Group received 55.53 million UAH of net profit.
Export prices are up by $90-100.
In 2014 Vatutino Refractory Works (Cherassy region) received 11.54 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 591.65 758.18 546.89 566.31 April 591.65 758.18 546.89 577.54 * – 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…
In April Ukraine produced 6795 thousand tons of iron ore and iron ore concentrate, up by 1.2%, or by 81 thousand tons, MoM.
Russian export prices are down by $10-15.
In April Nikopol Ferroalloy Plant (NZF) produced 0.9 thousand tons of ferromanganese, down by 83.3%, or by 4.5 thousand tons, MoM.
In January-March hot-rolled steel rods exports from Ukraine to Russia fell 3 times, to mere 24 thousand tons YoY.