Ukraine: Metinvest-PromService opens subsidiary in Kriviy Rih

Metinvest-PromService has started servicing and repairing railroad transport at Central, Severny and Ingulets Mining and Processing Works. Three repair shops will be servicing and repairing railroad transport at the works. The subsidiary will employ some 750 workers. Metinvest-PromService used to service Metinvest companies only. The company was founded in 2015 on the basis of repair…

Ukraine: ferroalloys and pipes banned by EEC

Eurasian Economic Commission has approved of the implementation of antidumping duties on Ukrainian ferrosilicomanganese for 5 years and prolonged duties on Ukrainian steel pipes. Ferrosilicomanganese duties will reach 26.35% and will affect Nikopol Ferroalloy Plant, Zaporozhye Ferro Alloys Plant and Stakhanov Ferroalloy Plant. These three works in 2014 supplied $200 million worth of ferrosilicomanganese to…

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

Month

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

min

max

March

218

218

April

285

285

* – 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: monopoly of scrap market

The Ministry of economical development and trade cannot create market conditions in the sphere of ferrous scrap. “There is no competition on the scrap market today. I have been talking to association representatives for a year. What market could it be, if all the scrap in Ukraine is purchased by 2 people”, said the Verkhovnaya…

Ukraine: metal output in May 2016

In January-May Ukraine produced 10.54 million tons of carbon steel, up by 14% YoY. This is preliminary data by Metallurgprom, while more precise information is expected after June 10. Pig iron output increased by 21%, to 10.11 million tons, that of rolled metal – by 16.5%, to 9.32 million tons. Coke production went up by…

Ukraine: Groysman tasks the Cabinet to consider issues faced by mining and metals sector

Ukraine’s Prime Minister Vladimir Groysman went to see Mariupol Ilyich Iron and Steel Works of Metinvest Group as part of his visit to Mariupol. He observed the reconstruction of a sinter plant, the biggest environmental project in the history of Ukraine’s independence, with the five-year investment making $220 million. Vladimir Groysman visited a converter shop.…

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

Month

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

min

max

March

307

383

April

327

426

* – 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: uranium to be processed in Russia

Ukraine intends to prolong its contracts with Russia on uranium processing.

“This year we plan to prolong the contract, the parties are discussing all the matters”, said the national nuclear energy company Atomproektinzhiniring director Alexander Rybchuk.

This year Ukraine doesn’t intend to change delivery volumes. But parties haven’t discussed plans for 2017 yet. (Ukrainian metal)

Metals of Ukraine & Russia: bars (structural steel), April 2016

Month

Russian market, $/t, EXW, without VAT, $1/RUR64.3334*

min

max

March

497

497

April

497

497

* – 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)

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

Month

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

min

max

March

281

281

April

326

326

* – 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)

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

Month

Russian market, $/t, EXW, without VAT, $1/RUR64.3334*

min

max

March

358

515

April

440

542

* – 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: Dneprometiz appoints chairman

Supervisory board of Dneprometiz has appointed Anatoly Frishman chairman of the board. According to the company statement, Frishman has been appointed until the next annual meeting of the shareholders. He owns no company shares. In late March Frishman has been appointed member of the board. In 2015 Dneprometiz received 60.86 million UAH of losses. The…