In the first quarter United Mining and Chemical Company received 177.3 million UAH of pre-tax profits, with net income exceeding 400 million UAH. Net profits reached 144 million UAH, with EBITDA at 168.9 million UAH. In the first quarter of 2015 the company net income totaled 215 million UAH, with net profits at 44.9 million…Details
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ArcelorMittal Kriviy Rih has created a private company Steel Service to provide auxiliary services to manufacturing processes of the company. “Steel Service will provide high quality service to AMKR from the single center. We can take any auxiliary function and develop it, increasing its quality and implementing innovations”, said the company director Irina Footrook. (Ukrainian…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR66.0825* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max April 378 630 362 388 480 485 400 485 May 452 700 433 453 425 470 430 475…Details
The shutdown is a step in the comprehensive plan to close up the obsolete nickel production facilities and move the feed to other sites. Nickel Plant, in operation since 1942, is located within the city limits and negatively impacts the environment. “Last year Nickel Plant emitted 340 thousand tons of sulfur dioxide, half of which…Details
Vostochny Mining and Processing Works has chosen the trading house Eco-Service for the delivery of 12.82 thousand tons of lime worth 34.75 million UAH in July-December. The offer was accepted on June 21. Torgservice Company offered 36.56 million UAH. (Ukrainian metal)Details
Ukraine will continue to buy Russian coal if necessary, said the Russian Ministry of energy and coal industry head Alexander Novak. “We’re continuing to sell coal to Ukraine. A couple of million tons this year for sure”, he said. According to him, there is no such situation when Ukraine stops buying Russian coal at all.…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR66.0825* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* Export, Ukraine, $/t, FOB Black sea ports min max min max min max April 306 459 344 354 430 485 May 337 572 431 518 390 430 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16…Details
Norilsk Nickel Polar Division has received a team of foreign investors on a business visit composed of BMO, HSBC Securities (South Africa), Pioneer AM, Fosun AM, BAML, Goldman Sachs, VTB, Deutsche Bank, Alfa-Bank. The foreign guests enjoyed an opportunity to look at the sheer scale of the company’s footprint with their own eyes and learn…Details
The state enterprise Ukrpromvneshexpertisa says iron ore raw materials average prices in July will fall by 8-10% MoM, or by $4-5 per ton, to $45-46 per ton. The price decrease will be the result of the considerable fall of flat and long rolled metal prices on Chinese markets and the seasonal drop of steel demand.…Details
In May Ukraine exported $217.87 million worth of steel semi-finished products, with imports on the level of $0.99 million. According to the State Fiscal Service, Egypt was the primary importer of Ukrainian steel semis in May ($63.81 million). In January-May Ukraine exported $906.54 million worth of steel semis, while imports reached $4.9 million. (Ukrainian metal)Details
DTEK expects the anthracite coal delivery from the Russia-supported terrorists-occupied regions of Donbass to renew. “The primary reason for the delivery stop was the railroad strike on the yonder side. But now it has stopped. Because of the military activities the railroad infrastructure was damaged, but it is being repaired. Still, the situation changes every…Details
Kola MMC (Norilsk Nickel affiliate) has delivered an upgraded central storage facility for inventories with an approximate area of 3 thousand square meters at its Monchegorsk site. A hired contractor remodeled the layout of the building, overhauled the flooring, and modernized lighting and heating systems. To improve efficiency of floor space utilization, the on-the-floor storage…Details