Metinvest reports the Cabinet of Ministers plans to have a meeting with metal companies on the mining-metallurgical industry problems.
Non-reimbursement of VAT to exporters serves as an indirect exports tax in Ukraine.
Ukraine has enough coal for 45-50 days, says the minister for energy and coal industry Vladimir Demchyshin, and soon imported coal would arrive that would stabilize the situation.
Centravis Production Ukraine increases efficiency and productivity despite negative trends on the market.
In January-November Yuzhny Mining and Processing Works produced 10.48 million tons of iron ore concentrate, up by 2.5% YoY.
Month Russian market, $/t, EXW, without VAT, $1/RUR64.374* min max September 475.35 566.08 October 475.35 610.74 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.10.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
Yuzhny Mining and Processing Works has purchased a new watering machine (giant) on the basis of BelAZ 45-ton truck for 8 million UAH.
Co-owner of the Privat group Igor Kolomoisky believes there are three ways the High Court of Justice could take in the matter of Krivoy Rog Iron Ore Industrial Complex.
Metinvest plans to initiate an antidumping investigation as to galvanized and polymeric-coated rolled metal, produced in China.
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH22.904* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max September 239.24 239.24 285.00 290.00 275.00 290.00 October 213.55 309.47 260.00 270.00 250.00 270.00 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.10.15…Details
Metinvest-SMC, the Metinvest metal center network, believes rolled metal consumption in 2016 would increase by 2.6% YoY, to 3.35 million tons.
In January-November Azovstal Iron and Steel Works, a part of Metinvest, produced 2.76 million tons of rolled metal, down by 8.6% YoY.
Ukrstalkonstruktsiya started purchasing rolled metal with double certificates (according to GOST and European standards) from Metinvest, said the company CEO Vladimir Nosov.
On December 1, Russia prohibited to import certain goods from Turkey. And Ukraine could be a winner in this situation, if Turkey implements sanctions in response.