The new director of Volynugol Alexander Zorin could reorganize the enterprise, according to the Volyn regional state administration (RSA) chairman Vladimir Gunchik. He said Zorin had to prepare the reorganization plan by October 10-11. Then it will have to be approved of at Novovolynsk city council, Volyn RSA and the Ministry of energy and coal…Details
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Norilsk Nickel announces the signing of a 13-year EUR 37,8 million credit facility agreement with Commerzbank AG under Euler Hermes cover. The proceeds will be used to finance 85% of the contract value for the construction of an electric power substation in Norilsk area. Thyssen Schachtbau GmbH acts as the general contractor of the project.…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 427 427 418 418 August 427 427 418 418 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…Details
The state enterprise Ukrpromvneshexpertisa forecasts that in October iron ore raw materials (Fe 62% Australian ore at CFR China) prices on world markets will decrease by 12% MoM, or by $7 per ton to $51 per ton. According to the company experts this will have to do with the seasonal drop on the steel market…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 485 550 444 444 August 448 504 409 409 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…Details
A new laboratory began operating at the rail-beam mill of Chelyabinsk Iron and Steel Works (a part of Mechel). It will decrease the time needed to control the quality of rails. The laboratory is equipped with the oxygen and nitrogen analyzer. Previously ChMK had to control the oxygen weight percentage in highly-aluminous inclusions at other…Details
The Kriviy Rih city authorities have adopted the environmental program for 2016-2025. The work on the program started in April. ArcelorMittal Kriviy Rih, as the main polluter, received the most environmental tasks. According to the environmental department, AMKR pollutions total 82% in the city. But the management of the works asked to postpone the stopping…Details
Month Russian market, $/t, DDP, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, DDP, $1/UAH25.489* min max min max July 710 980 830 930 August 780 1000 830 930 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…Details
The state enterprise Ukrpromvneshexpertisa forecasts that in October square billet price FOB Black Sea will drop by 1.6% MoM, or by $5 per ton to $310-315 per ton. According to the company analytics department expert Oleg Gnitetsky, this drop will be caused by the demand decrease on Turkish market, where the main factor is always…Details
Smart-Holding doubts the lawfulness of searches, conducted by the Security Service of Ukraine in the company office at Igorevskaya Street in Kiev. According to the company law director Lada Konduforova, there was another address stated in the search permission. The Security Service officers also failed to explain the searches on the weekend, as they had…Details
The Higher Commercial Court has returned the Zaporozhye Aluminum Works to the state property. In February 2011 the State Property Fund of Ukraine concluded a purchasing agreement of ZALK shares with AvtoVAZ-Invest, according to which the buyer had to pay the share price and clear all debts to the State Export-Import Bank of Ukraine valued…Details
In July Metinvest increased EBITDA by 23.5% MoM, to $147 million. Thus, for 6 consecutive months Metivest has been gaining positive EBITDA. From November 2015 till January 2016 its EBITDA was negative. The group’s revenues in July totaled $568 million, as opposed to $559 million in June, $533 million in May, $502 million in April,…Details
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH24.798* min max June 149 154 July 139 144 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details