Ukraine: Ferrexpo hopes to get permission to start constructing BGOK in December 2016

Ferrexpo plc, controlling Poltava Mining and Processing Works, hopes that all the permission procedures to allow the construction of Bilanovsky Mining and Processing Works, will be completed in December. According to PGOK chairman Victor Lotous, the main problem now is the purchase of land plots. From the time the construction works start and the first…

Ukraine: PGOK gas consumption down

Poltava Mining and Processing Works has decreased gas consumption by 33%, or by 5 million cubic meters, to 10 million cubic meters.

According to the company chairman Victor Lotous, PGOK used sunflower seed husks instead of gas to make pellets. This allows the company to save some 50-60 million UAH annually. (Ukrainian metal)

Ukraine: ZZF ferroalloys output down in June 2016

In June Zaporozhye Ferro Alloys Plant produced 24.5 thousand tons of ferroalloys, down by 1.2% MoM, or by 0.3 thousand tons.

According to the Association of Ukrainian Ferroalloy Producers, in January-June ZZF decreased ferroalloys output by 12% YoY, or by 18.5 thousand tons, to 135.1 thousand tons. (Ukrainian metal)

Ukraine: long rolled metal export-import in June 2016

In June Ukraine exported $146.95 million worth of long rolled metal, while imports reached $12.3 million.

According to the State Fiscal Service, the main importer of long rolled metal in June was Russia ($23.78 million).

In January-June long rolled exports totaled $821.4 million, with imports on the level of $68.41 million. (Ukrainian metal)

Ukraine: AMKR fires Chugh

On July 15, ArcelorMittal Kriviy Rih dismissed Davinder Chugh from the office of the supervisory board member.

According to the company statement, Chugh has been in this office for 2 years and has resigned. (Ukrainian metal)

Ukraine: Zaporozhogneupor to buy raw materials in Japan

Supervisory board of Zaporozhogneupor has given its preliminary consent to buy magnesite and graphite valued at 142.5 million UAH from Minmetals Japan Corporation.

The corresponding decision was taken on July 15. (Ukrainian metal)

Ukraine: steel output down in June 2016

In June Ukraine produced 1830 thousand tons of steel, down by 20.7% MoM, or by 477 thousand tons.

In January-June steel manufacture went up by 10.4% YoY, or by 1168 thousand tons, to 12417 thousand tons. (Ukrainian metal)

Ukraine: Metinvest approves of new financial director

Supervisory board of the Metinvest group has appointed Julia Dankova the financial director.

Previously Dankova was the acting financial director. Alexei Kutepov, financial director since August 2013, resigned in winter 2016. (Ukrainian metal)

Ukraine: PGOK sees Germany, Austria, South Korea and Japan as priority markets

Poltava Mining and Processing Works believes that Germany, Austria, South Korea and Japan are its priority sales markets.

According to the company chairman Victor Lotous, it plans to sell 65% Fe content pellets there. Last year PGOK exported 11494 thousand tons of iron ore pellets. (Ukrainian metal)

Ukraine: coke output down in June 2016

In June Ukraine produced 921 thousand tons of 6% moisture bulk coke, down by 18.6% MoM, or by 210 thousand tons.

In January-June coke output increased by 23.4% YoY, or by 1255 thousand tons, to 6496 thousand tons. (Ukrainian metal)

Ukraine: PGOK to invest $50 million in development

Poltava Mining and Processing Works plans to invest some $50 million into development.

In 2015 the company had to stop its investment program as to the capacity increase, with the cost of maintenance projects being $50 million. This year PGOK intends to keep its investments on the level of 2015. (Ukrainian metal)