Alexander Bondarev, a member of arbitrary managers of the Central Federal District, has been appointed the new temporary manager of the Krasniy Octyabr Iron and Steel Works. On August 30, 2016 the Arbitrary Court of the Volgograd region following the claim of Alfa-Bank initiated the bankruptcy procedure at the works. The court did not disclose…Details
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Month Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max min max October 432 489 439 439 November 437 493 440 440 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the…Details
In August 2015 the state enterprise Krasnolimanskaya Coal Company sold coal to trading house Resurs, that was later supplied to the state company Centrenergo, at 716.67 UAH per ton, while the coal price stipulated by the Ministry of energy and coal industry at that moment was 1100 UAH per ton. The agreement between Krasnolimanskaya and…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.9* min max October 551 618 November 558 618 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
Chelyabinsk Pipe Plant has signed a loan agreement with Sberbank, VTB Bank and Gazprombank amounting to 80 billion rubles. The maturity of the loans is up to 7 years. The funds will be spent on refinancing the current debt under the syndicated loan obtained from 13 banks in 2012. This will facilitate an early repayment…Details
Ukraine in 2016 imported coal and anthracite valued at $1.467 billion, in particular in December 2016 for $172.008 million. According to the State Fiscal Service, Russia supplied coal for $906.298 million, the United States for $212.11 million, Canada for $94.374 million, other countries for $254.308 million. Thus, in money terms imports of coal and anthracite…Details
Coal stocks in the warehouses of thermal power plants (TPP) of Ukraine from December 25, 2016 till January 2, 2017 increased by 3%, from 1.7 million tons to 1.751 million tons, Ukrenergo has reported. In particular, anthracite coal stocks grew by 1.6%, to 891,000 tons (including 128,000 tons at Luhansk TPP), while gas coal and…Details
In 2016 Electrostal produced 326.187 thousand tons of continuous cast billet, up by 8.9% YoY. According to the company statement, in December 2016 it produced 27.569 thousand ton of billets. Sales in 2016 went up by 8% YoY, to 325.352 thousand tons. In December 2016 Electrostal exported 24.449 thousand tons of billets, with 313.1 thousand…Details
Month Russian market, $/t, FCA, without VAT, $1/RUR64.9* min max October 62 185 November 77 196 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
In 2016 Mariupol Ilyich Iron and Steel Works, a part of Metinvest, decreased natural gas and electricity consumption, saving $11.157 million. Last year the company saved 42.85 million cubic meters of gas and 19.4 million kW-h of electricity, CEO Yuri Zinchenko reported. According to him, energy resources consumption in steel manufacture totaled 7% of electricity…Details
Expert Council of the Industry’s Development Fund approved 12 preferential loans amounting up to 2.93 billion rubles (approximately $48.305 million). According to one of them, company Rare Metals of Siberia plans to organize a plant to process beryllium ores into pure beryllium and its compounds. Rare Metals of Siberia has a technology for primary raw…Details
Eurasian Development Bank (EDB) and the Industrial Metallurgical Holding (IMH) signed a loan agreement to boost iron ore outputs. The document was signed by Konstantin Limitovsky, Deputy Chairman of the Management Board at EDB, and Evgeny Zubitskiy, President of IMH. In accordance with the agreement, EDB will provide $90 million to IMH for eight years.…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.9* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max October 552 775 521 571 472 762 November 552 775 521 571 472 762 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to…Details