The Verkhovnaya Rada of Ukraine has received a decree to implement changes to Article 4 of the Ukrainian Decree “On metal scrap”.
In January-November Ukraine exported $7508.34 million worth of ferrous metals, down by 38% YoY.
In January-September Metinvest revenues decreased by 36% YoY, to $5.39 billion.
Metinvest wants to enter CIS and Eastern European markets.
The price of South African coal is $65 per ton CIF Odessa. Together with port fees and transportation expenses it reaches $80 per ton (or 1920 UAH per ton), which is higher than 1100-1600 UAH per ton that Centrenergo used to pay for coal from Russia or the terrorists-controlled Donbass.
Velta (Dniepropetrovsk) has decided to resume the operation of its ore sands and ilmenite mining and processing works in Kirovograd region.
By 2016 Zaporizhstal plans to ship some 700 thousand tons of metal via the Zaporozhye river port.
Metinvest reports the Cabinet of Ministers plans to have a meeting with metal companies on the mining-metallurgical industry problems.
Non-reimbursement of VAT to exporters serves as an indirect exports tax in Ukraine.
Ukraine has enough coal for 45-50 days, says the minister for energy and coal industry Vladimir Demchyshin, and soon imported coal would arrive that would stabilize the situation.
In January-November Yuzhny Mining and Processing Works produced 10.48 million tons of iron ore concentrate, up by 2.5% YoY.