Ukraine: Lviv-Volyn mines to lose sales markets

Electricity exports to Europe could stop at any time, resulting in the loss of sales markets for Ukrainian coal companies, those with mines in Lviv-Volyn region in particular. This will affect financial and social-economical situation in the coal industry of the whole country. According to the energy expert Valentin Zemlyansky, at present due to the…

Ukraine: metal output in Donetsk region up in January-April 2016

In January-April Donetsk region (without the Antiterrorist operation zone) industrial output went up by 9.6% YoY, with April results growing by 2.4% MoM and 8.7% YoY. Metal output increased by 10.4%, mining – by 21.4% and coke – 1.6 times, all YoY. Coal mining went up by 21.8% YoY, to 5.2 million tons. Pig iron…

Ukraine: DTEK production indicators for Q1 2016

In January-March DTEK companies produced 7.2 million tons of coal (up by 5.8% YoY), generated 9.8 billion kWh of electricity (down by 10.9%), transmitted 12.1 billion kWh of electricity via networks (down by 0.5%) and produced 381.1 million cubic meters of natural gas (up by 47.7%). “Recently, the progress of the energy sector reforms has…

Russia: Mechel announces change in management

Mechel reports that its chief financial officer Andrey Slivchenko is leaving the company following the completion of his two-year contract. “We are deeply grateful to Andrey Slivchenko for his huge contribution into our efforts on stabilizing the company’s financial situation. Andrey joined our team at a very complicated time and has well discharged the duties…

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…