Ukraine: ZZhRK profits directed to development

Shareholders of Zaporozhye Iron Ore Complex have decided to spend all the company net profits for 2015 on development.

In 2015 ZZhRK net profits fell 4.9 times YoY, to 232.08 million UAH from 1129.12 million UAH. (Ukrainian metal)

Ukraine: Mariupol Ilyich buys Liebherr L 586

Mariupol Ilyich Iron and Steel Works has purchased the Liebherr L 586 wheel loader for 30 million UAH.

“Such machines are used in mining and metallurgy to carry out the most difficult and important jobs”, said the company CEO Yuri Zinchenko.

The loader will be used in the slag processing shop. (Ukrainian metal)

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

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH24.798*

min

max

June

355

441

July

356

430

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: pig iron export-import in August 2016

In August Ukraine exported $76.96 million worth of pig iron, with imports on the level of $0.09 million.

According to the State Fiscal Service, USA was the main consumer of Ukrainian pig iron in August ($31.6 million).

In January-August Ukraine exported $341.14 million worth of pig iron, while imports reached $0.49 million. (Ukrainian metal)

Ukraine: EMSS to supply hammer frame to Lasco

Energomashspetsstal will produce a hammer frame for Lasco (Germany).

“The company has concluded a contract to supply the hammer frame to Lasco. EMSS will produce a large frame weighing 61 tons”, said the company in its statement.

The billet will be a part of a press-forging plant and will be supplied in December. (Ukrainian metal)

Russia: metal structures works to be built in Krasnodarski Krai

A metal structures works is planned to be constructed in Kropotkin (Krasnodarski Krai).

The total cost of the project is 225 million rubles. The project capacity is 63 thousand tons of metal structures, 9.6 thousand tons of power transmission poles and 5.5 thousand tons of beam guardrails per year. (Ukrainian metal)

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

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH24.798*

min

max

June

407

444

July

404

406

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Russia: titanium output down in January-August 2016

In January-August raw titanium output decreased by 2.71% YoY.

According to the Federal Service of State Statistics, titanium alloys output went up by 13.4%.

In August raw titanium output dropped by 2.6% YoY, while that of titanium alloys increased by 14.8%. (Ukrainian metal)

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

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH24.798*

min

max

June

266

266

July

260

260

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: KhTZ resumes operation

On September 12, Khartsyzsk Pipe Works received orders and resumed operation. “KhTZ periodically receives some small orders from Metinvest companies. Until the end of the month it should produce 5.4 thousand tons of pipes with 630-1420 mm diameter, with 1.2 thousand tons with anticorrosion coating”, said Metinvest in its statement. Still, normal operation of the…

Ukraine: state mines to get 1.8 billion UAH

In 2017 the Cabinet of Ministers plans to spend 1.8 billion UAH from the state budget to finance the state sector of the coal industry. “We will have money to restructure mines and support miners. On one hand, we will be restructuring mines, on the other we will be supporting the industry”, said Ukraine’s Prime…

Ukraine: coke output down in August 2016

In August bulk 6% moisture coke output increased by 1.2% MoM, or by 13 thousand tons, to 1085 thousand tons.

In January-August Ukraine produced 8653 thousand tons of coke, up by 17.6% YoY, or by 1297 thousand tons. (Ukrainian metal)

Metals of Ukraine & Russia: channel (structural steel), July 2016

Month

Russian market, $/t, EXW, without VAT, $1/RUR67.05*

min

max

June

504

587

July

527

614

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Russia: rolled aluminum output up in January-August 2016

In January-August Russia increased primary aluminum output by 1.5% YoY, with aluminum-based alloys output up by 11.8%.

According to the Federal Service of State Statistics, aluminum foil output dropped by 12.4%, but that of rods and sections went up by 2.6%, plates, sheets, strips and bars – by 13.2%. (Ukrainian metal)

Ukraine: state miners see no wages

As of September 21, salary debts to the employees of the state coalmining companies have reached 550 million UAH, according to the energy and coal industry minister Igor Nasalik.

He added that without 1 billion UAH planned in the state budget for 2017 it would be impossible to stabilize salary payments next year. (Ukrainian metal)

Ukraine: AMKR keeps on replacing financial directors

Igor Kublitsky, the deputy financial director-chief accountant of ArcelorMittal Kriviy Rih has been appointed acting financial director-chief accountant. According to the company official information, the previous acting financial director-chief accountant Pavel Zadorozhny, who has been in the office for a month, has been dismissed. Kublitsky has been appointed from September 20, 2016 till June 30,…

Ukraine: steel pipes output up in August 2016

In August Ukraine produced 74 thousand tons of steel pipes, up by 7.2% MoM, or by 5 thousand tons.

In January-August steel pipes output decreased by 4.9% YoY, or by 28 thousand tons, to 541 thousand tons. (Ukrainian metal)