Ferrexpo plc, whose main assets are Ukrainian iron ore producers Poltava and Yeristovo Mining and Processing Works (PGOK and EGOK respectively), edged commercial iron ore pellet production down by 0.16% YoY in February, to 1.875 million tons.
In February Ukraine imported $121.64 million worth of coal, while exports totaled $1.078 million.
Steel production in Ukraine, hit by a separatist conflict in the East, fell by 29%, to 3.46 million tons in the first two months of 2015 compared with the same period last year.
In 2014 Evraz Sukhaya Balka (Kriviy Rih) received 892.26 million UAH of profits.
In 2015 the government will close 7 of the country mines, while 5 more will be laid up.
In 2014 Donetskkoks received losses of 123.28 million UAH.
In 2014 the major refractory clay miner – Druzhkovka Mine Group (Donetsk region) received a net profit of 58.63 million UAH.
In January-February Zaporizhstal produced 640.8 thousand tons of steel, up by 2.1% YoY.
In January-February Ukrainian coal companies mined 6420 thousand tons of coal, down by 17.8%, or by 1392.7 thousand tons, of the planned numbers.
In 2014 Ingulets Mining and Processing Works (IGOK) received a net profit of 976.17 million UAH.
In January-February Ukrainian metal companies produced 3.46 million tons of carbon steel, down by 29% YoY.
In 2014 Severniy Mining and Processing Works (SevGOK) received 1.54 billion UAH of net profit, down by 65.2% YoY.
Metinvest Group’s metallurgical mills began to manufacture 19 products last year, bringing the total to 97 new items in 2010 to 2014. Revenue from the new products in the last four years amounted to $38.7 million.
The international rating agency Fitch has given Ferrexpo eurobonds a rating of CCC.
Evraz – Dniepropetrovsk Iron and Steel works named after Petrovsky has finished 2014 with a loss of 2626.46 million UAH.
Zaporizhstal has halted its blast furnace #2 for capital repairs.
Month Russian market, $/t, $1/RUR56.258* Ukrainian market, $/t without VAT, $1/UAH15.769* min max min max December 2014 1015.33 1190.79 1120.37 1170.16 January 2015 1015.33 1190.79 1120.37 1170.16 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.01.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation.…Details