The Industrial Union of Donbass (ISD) corporation doesn’t expect an aggressive recovery of its $60 million debt on behalf of the Cyprus-based Reachcom Limited, after the Ukrainian courts acknowledged the writ of the London International Arbitrary Court.
In January-September DTEK companies mined 21.4 million tons of coal, down by 25.6% YoY. Ordinary coal processing totaled 14.7 million tons, while concentrate manufacture fell to 8.9 million tons.
Implementation of the pulverized coal at Dneprovsky Iron and Steel Works named after Dzerzhinsky blast furnaces prevented the halt of the company, says the Industrial Union of Donbass (ISD) executive director Maxim Zavgorodny.
Last year Ukraine consumed 4.8 million tons of steel, down by 24% as compared with 2005.
In Q4 global market steel prices have fallen considerably.
Workers from the mine named after Stakhanov in Donetsk region have gone on strike demanding the payment of the indebted salary.
In October Ukraine exported $39.34 million worth of steel pipes, while imports totaled $10.09 million.
In October Luxembourg-based Coal Energy S.A. with assets in Ukraine mined 47.14 thousand tons of coal, up 9.4 times, or by 42.12 thousand tons, YoY.
In October Ukraine exported $152.73 million worth of iron ore, with imports on the level of $5.49 million.
In October Ukraine exported $72.66 million worth of ferroalloys, while imports reached $5.68 million.
Ukrkoks association supports coke import restrictions.
In October Ukraine imported $12.86 million worth of manganese ore and didn’t export it at all.
Central Mining and Processing Works has given 1.5 million UAH for landscaping and public amenities of its hometown of Kriviy Rih.
In October Ukraine imported $23.79 million worth of coke, with exports on the level of $5.29 million.
For the past ten years Ukraine has been #2 steel ingots and semi-finished products exporter, according to WorldSteel, #1 being Russia.