Due to the railroad transportation and electricity tariffs increase expenses of the Pobuzhye Ferronickel Plant will reach 130 million UAH in 2016 affecting the prime cost. “Railroad tariffs went up by 15%, electricity tariffs are growing all the time. That’s a gigantic weight on our shoulders. And we still have to meet a certain prime…Details
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Mariupol Ilyich Iron and Steel Works has started producing S460MC coils. “Our rollers can now produce 2.5×1000 mm coils according to EN 10149-2”, said the company CEO Yuri Zinchenko. S460MC steel is characterized by high strength and is produced by way of thermomechanical rolling. This is the first time that such steel is produced at…Details
The Verkhovnaya Rada of Ukraine has increased the export duty on the ferrous metals scrap from 10 euro per ton to 30 euro for 1 year and cancelled the registration of import contracts. 248 people’s deputies supported the new version of the decree, which blocked the previous one on the 3-years term. “This is the…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR66.0825* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* min max min max April 33 41 33 36 May 33 41 40 44 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16 according to the National Bank of Ukraine and the Central Bank of the…Details
In January-June Pobuzhye Ferronickel Plant produced 8.8 thousand tons of nickel, up by 0.3% YoY. In particular, the company processed 704277 tons of ore (down by 0.3% YoY), which equals 39709 tons of ferronickel (down by 19.8% YoY), or 8.8 thousand tons of nickel. The company carried an overhaul of the main technical equipment valued…Details
The largest global aluminum producer Rusal wants to supply all the metal produced to Russia in the long run, Sales Director for Russia and CIS Roman Andryushin said. Rusal expects aluminum consumption to grow from 1.4 million tons per year at present to 2.5 million tons by 2024, the manager said. (TASS/Ukrainian metal)Details
In 2016 Poltava Mining and Processing Works intends to slightly increase pellets output from the last year level of 11.6 million tons. According to PGOK chairman Victor Lotous, in the first half of the year the company decreased overall pellets output, but increased pellets output of its own ore by 200 thousand tons YoY. He…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR66.0825* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* min max min max April 308 641 370 370 May 419 705 504 558 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16 according to the National Bank of Ukraine and the Central Bank of the…Details
In January-June Severniy Mining and Processing Works produced 4.65 million tons of pellets, up by 13.2% YoY. According to the company statement, concentrate output dropped by 0.8% YoY, to 6.26 million tons. In June SevGOK produced 750 thousand tons of pellets and 983 thousand tons of concentrate down from 812 thousand tons and 1.01 thousand…Details
In January-June Interpipe Steel produced 304 thousand tons of steel, up by 5.2% YoY. According to the company statement, in June the works produced 61 thousand tons of steel up from 51 thousand in May. In 2015 Interpipe Steel produced 596 thousand tons of steel, down by 32% YoY. Because of the lack of scrap,…Details
Supervisory board of Ingulets Mining and Processing Works has extended the office of the acting general director Alexander Gerasimchuk by 8 and half months from July 16, 2016 till April 3, 2017. The ex-managing director of Evrazruda A. Salkov was appointed InGOK CEO from August 21, 2013 till April 4, 2014. At the end of…Details
In 2016 Ferrexpo-owned Yeristovo Mining and Processing Works plans to keep production on the level of 2015 – at 15 million tons of ore. Output volumes depend on orders from Ferrexpo and Poltava GOK, where this ore is turned into pellets. EGOK cannot process ore by itself as yet. Fe content in the EGOK-mined ore…Details
In August Ukrainian metal companies might decrease steel and rolled metal output by 4.5% and 5.3% MoM, to 2.1 million and 1.8 million tons respectively. According to Ukrmetallurgprom, pig iron output will remain on July levels – 2.1 million tons. In January-June steel output went up by 10% YoY, to 12.41 million tons, that of…Details