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
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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
In November Ukraine exported $36.917 million worth of steel pipes, with imports on the level of $6.921 million. According to the State Fiscal Service, the main consumer of Ukrainian steel pipes in November was Russia ($10.473 million). In January-November Ukraine exported $368 million worth of steel pipes, while imports reached $90.087 million. (Ukrainian metal)Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.9* min max October 580 775 November 580 775 * – 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
The Ministry of energy and coal industry is working on a state program to develop coalmining, which presupposes the centralized sales of coal. In particular, the ministry plans to create the National coal company. It will comprise 40 state companies, including 28 state mines. After such a company is created, some 40 objects of the…Details
Azovstal Iron and Steel Works, a part of Metinvest, has started producing KR80 crane rails. The new products correspond to DSTU 2484 and GOST 4121 standards and are used to construct bridge cranes with high lifting capacity. Seaports, industrial enterprises and construction companies are among the consumers of such rails. The first 100 tons of…Details
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max October 331 418 November 244 496 * – 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
Russian metals and mining group Mechel and the country’s second largest bank VTB have signed an agreement to delay debt redemption till April 2022. The company has also agreed to extend the repayment of 45 million euros of debt on trade financing until April 2022. Mechel CEO Oleg Korzhov said that the signing of the…Details
In November Ukraine imported $1.052 million worth of ferrous scrap, with exports on the level of $2.283 million. According to the State Fiscal Service, Ukraine exported most of its ferrous scrap to Turkey ($2.241 million). In January-November Ukraine exported $42.6 million worth of ferrous scrap, while imports totaled $7.552 million. (Ukrainian metal)Details
In November Ukraine exported $52.02 million worth of pig iron, while imports totaled $0.001 million. According to the State Fiscal Service, Italy was the main consumer of Ukrainian pig iron in November ($22.67 million). In January-November Ukraine exported $503.27 million worth of pig iron, with imports on the level of $0.55 million. (Ukrainian metal)Details