Month Russian market, $/t, DDP, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, DDP, $1/UAH25.897* min max min max August 720 920 800 1750 September 720 900 800 1900 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsInterpipe notes positive influence of the scrap export duty decree and supports its prolongation. “The decree has really helped us. Without it the situation with scrap would have been much worse”, the company finances and economy director Denis Morozov said. According to him, scrap procurement in Ukraine will continue to drop, so the decree should…
DetailsThe Tajik Aluminum Company still experiences the aftermath of the emergency electricity cut off and calculates losses. “On October 28, because of the electricity cut off in some regions, TALCO was left without light”, information department director Igor Sattarov reported. In September the company operated 303 electrolysis baths. TALCO specialists believe that the electricity cut…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 508 508 409 409 September 491 491 403 403 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn January-September Nadvoitsky Aluminum Works produced 9 thousand tons of primary aluminum, with Kandalaksha Aluminum Works producing 51 thousand tons of aluminum, up by 3.7% and 2.7% YoY respectively. Both works belong to Rusal. In Q3 NadAZ produced 3 thousand tons of aluminum, and KAZ – 17 thousand tons, up by 0.8% and 2.7% QoQ…
DetailsVostochnaya Processing Factory produced around 250 thousand tons of coal concentrate after the modernization completion. This is the record high result in the whole history of the factory. Modernization cost totaled 6 billion tenge. “Our main consumer is, of course, ArcelorMittal Temirtau. But we also supply concentrate to Ukraine (Kriviy Rih) and Russia (Altai-koks and…
DetailsSeverstal has started exporting cold-rolled coils to the European Union from China instead of Russia-made. “We have already started buying Chinese cold-rolled coils for our steel service centers. Duties on Chinese products are lower than on Russian, so it’s better for us to bring steel from China”, the company CEO Vadim Larin said. According to…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max min max August 502 652 378 433 446 558 407 626 September 481 635 461 461 446 558 407 626 * –…
DetailsMetinvest intends to keep its share of the British steel market after a number of Liberty Steel works gets relaunched. “British market is interesting for us only from the point of view of steel plate sales. At present the situation is even. Our Spartan UK is 100% loaded, we have orders”, the Metinvest marketing director…
DetailsIn Q3 NLMK revenue increased by 19% QoQ to $2.2 billion, driven by a 7% QoQ growth in sales to 4.2 million tons. EBITDA increased by 46% QoQ to $673 million; EBITDA margin reached 30% (+5% QoQ), including 18% for NLMK’s international companies. Net income doubled QoQ to $385 million. Net debt / EBITDA decreased…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* Export, Ukraine, $/t, FOB Black sea ports min max min max min max August 396 507 343 360 370 380 September 359 507 341 386 370 380 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16…
DetailsNLMK Group, an international steelmaking company with operations in Russia, the USA and EU member states, informs that the management of the group is planning to recommend the third quarter dividends in the amount of $350 million equivalent of 75% of the reported free cash flow for the third quarter of 2016. On November 17,…
DetailsIn January-October Ukraine produced 20.16 million tons of carbon steel, up by 5.5% YoY. Pig iron production increased by 8.7%, to 19.64 million tons, that of rolled metal – by 6.7%, to 17.87 million tons. Metallurgical coke output went up by 12.3%, to 10.74 million tons, while that of steel pipes dropped by 0.5%, to…
Details“In the next 5 years scrap procurement in Ukraine will be falling”, Denis Morozov, Interpipe economy and finances director, believes. The previous forecast on scrap procurement in 2016 on the level of 2.8-2.9 million tons would probably be proven, he thinks. In 2017 Morozov expects scrap procurement to fall by 100 thousand tons, to 2.7…
DetailsIn January-October Zaporizhstal produced 3.27 million tons of steel, down by 1.4% YoY. According to the company statement, its pig iron output dropped by 2.5% to 3.06 million tons, and that of rolled metal – by 0.4%, to 2.83 million tons, all YoY. In October Zaporizhstal produced 317.4 thousand tons of pig iron, 333.4 thousand…
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