State industrial corporation Rostec plans to ask the government to work with metals companies which have increased prices by about 30% YoY, CEO Sergei Chemezov reported. “We have a really big problem with metals companies. They have lifted the prices very high, by almost 30%”, he said. “One should not raise prices this fast. I…Details
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In November Ukraine imported $12.32 million worth of manganese ore, with exports at $0.54 million. According to the State Fiscal Service, Ghana was the main supplier of manganese ore to Ukraine in November ($5.25 million). In January-November Ukraine imported $101.28 million worth of manganese ore, while exports totaled $2.79 million. (Ukrainian metal)Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* Export, Ukraine, $/t, FOB Black sea ports min max min max min max October 379 502 342 386 345 365 November 379 517 420 431 375 385 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16…Details
NLMK Group, an international steel producer with operations in Russia, Europe and the USA, has signed an agreement for the purchase of the core process equipment for the construction of a new walking-beam reheating furnace to streamline the slab heating process at NLMK Pennsylvania (Farrell, PA, USA). The new furnace will replace 3 outdated pusher-type…Details
In November Ukraine exported $184.09 million worth of steel semi-finished products, while imports reached $1.1 million. According to the State Fiscal Service, Turkey was the main consumer of Ukrainian steel semis in November ($43.74 million). In January-November Ukraine exported $2063.46 million worth of steel semis, with imports on the level of $12.89 million. (Ukrainian metal)Details
In November Dneprospetsstal produced 19.036 thousand tons of steel, down by 16.6% MoM. According to the company statement, it also produced 12786 tons of rolled metal, down by 6.2% MoM. The total cost of products manufactured in November reached 504.939 million UAH, down by 7.2% MoM. In January-November DSS produced 215.648 thousand tons of steel…Details
In October Russia imported 24.4 thousand tons of corrosion-resistant flat rolled steel, valued at $49 million, up by 8% MoM and by 38% YoY. 600+ mm wide sheet accounts for around 90% of the imports. Nickel contents in steel don’t exceed 2.5%. Some 28% of imports came from China. In October Chinese steel cost $1633…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max min max October 188 209 212 232 November 188 221 225 235 * – 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
The Belarus Iron and Steel Works has diversified deliveries of scrap this year by starting importing it from the European Union. According to the company CEO Alexander Savenyuk, Belarus doesn’t have enough scrap for metal companies and buys about 55% of the scrap used abroad. So far BMZ has received scrap from Denmark and Finland.…Details
The Dnepr State Court of Appeals has settled the long-time dispute between ArcelorMittal Kriviy Rih employees and the managers of the company. The court made the administration pay 1 million UAH of debts on the cost of sanatorium vouchers. But the AMKR managers applied to the Higher Commercial Court of Ukraine with a cassation claim.…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max October 519 711 453 505 465 485 465 495 November 519 711 455 530 530 535 540 570…Details
Severniy Mining and Processing Works decided to buy 14 large BELAZ trucks valued at 0.5 billion UAH within the 2017 investment program. According to the company statement, the first 130-ton BELAZ has already been put to work at the Pervomaysky quarry. (Ukrainian metal)Details
Shareholders of Ingulets Mining and Processing Works, a part of Metinvest, decided to pay 2.5 billion UAH of dividends. According to the Metinvest press-service, the shareholders decided to send a part of profit received before 2014 (1.524 billion UAH, or 0.55 UAH per share) and a part of profit received in 2014 (976.17 million UAH,…Details