Metinvest, Ukraine’s largest private mining and steel group, has refused to rule out writing off part of its debt which is to be restructured, Group CEO Yuri Ryzhenkov said.
The State Finance Inspection of Ukraine is going to check the financial activities of the four companies by the order of the Ministry for economic development and trade.
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH21.612* min max June 321.53 377.84 July 327.41 390.43 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
The Industrial Union of Donbass corporation (ISD) and ArcelorMittal Kriviy Rig are the major clients of the railroad First Cargo Company in Ukraine, affected by sanctions.
In January-August Ukraine produced 568.2 thousand tons of steel pipes, down by 44.4% YoY.
Ukrainian export prices are down by $15, Russian – by $10-15.
Ternovskaya mine has put the new 342 long face into operation with capacity of 220 thousand tons of coal.
On September 18 the shares of the UK-based mining company Ferrexpo with assets in Ukraine fell at the London Stock Exchange after the news of the company losing access to its money in the Finances and Credits bank in Kiev. The bank is owned by Ferrexpo majority shareholder Konstantin Zhevago.
Ukrainian export prices are down by $15.
Ferrexpo had $174 million at the Finances and Credits bank, that had been named insolvent.
In August Ukraine exported $136.31 million worth of iron ore, with imports on the level of $7.28 million.
Month Russian market, $/t, EXW, without VAT, $1/RUR58.991* Ukrainian market, $/t, without VAT, EXW, $1/UAH21.612* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max June 464.57 676.93 398.54 541.19 430.00 430.00 440.00 445.00 July 464.57 676.93 387.08 510.38 415.00 420.00 430.00 435.00…Details
In January-July the Ukrainian metal industry received 14.3 billion UAH of losses, up by 15.3% YoY, or by 1.9 billion UAH.
Mariupol Ilyich Iron and Steel Works thermal station #1 has completely switched to blast furnace gas, which led to a substantial natural gas saving. In August the works was able to save 2.9 million UAH.
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH21.612* min max June 398.51 531.49 July 388.16 492.01 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details