The Verkhovnaya Rada of Ukraine has cancelled the 5% import duty on ferrous scrap. The new decree stipulates the zero imports duty instead of the current 5%. According to the industry committee head Victor Halasyuk, this is the second part of the help to the mining-metallurgical complex. “Our first step was to increase the export…Details
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Starting with October 1, Metinvest has increased salary at its companies, even those in the Antiterrorist operation zone, on average by 5%. This is the second increase of wages this year. “All in all, this year the salary has increased by 15%. The most prominent employees will have their wages increased by 30%”, said the…Details
The miners of the state enterprise Selidovugol continue their struggle for their mines, decent labor conditions and salary. Now they have remembered 52 million tons of coal reserves, that the son of the ex-president Victor Yanukovich – Alexander – illegally took back in 2012. The Independent Miners Union has addressed the minister of energy and…Details
PJSC “MMC “Norilsk Nickel” has signed of a 5-year $500 million committed revolving back-stop credit facility (RCF) with a syndicate of international banks. Commerzbank AG, HSBC Bank plc, Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation and UniCredit Bank are acting as Mandated Lead Arrangers and Bookrunners. UniCredit Bank AG (London Branch) was appointed as Facility…Details
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH25.489* min max July 135 140 August 155 159 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
In January-September Ferrexpo produced 8.32 million tons of iron ore pellets, down by 5% YoY. According to the company statement, 65% Fe content pellets output went up by 3.7% YoY, to 7.81 million tons. 62% Fe content pellets production fell by 55% YoY, to 512.1 thousand tons. Ferrexpo own ore pellets production remained on the…Details
The metal-trading company of Mechel – Mechel-Service – has supplied around 3 thousand tons of rebars for the construction of the second bridge in Ufa. The length of the bridge over the Belaya river is 836 m. (Ukrainian metal)Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.91* min max July 544 634 August 565 634 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
In January-September Zaporizhstal paid 2.2 billion UAH of taxes to the state budget, up from 1.9 billion UAH in Q1-3 2015. In particular the company paid 470 million UAH to the local budget, up by 60%, or by 175 million UAH YoY. “The main contribution of metal makers into the economy development is the effective…Details
Cargo railway transportation in Ukraine is on the brink of collapsing: there are no spare parts and cars and huge difficulties with fuel purchases. Ukrzaliznytsia problems greatly affect metal and mining companies. Ukraine has the highest port fees in the world, railroad transportation tariffs are constantly growing, and the gas transportation fees are very high.…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 452 592 326 384 August 396 571 384 384 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…Details
The city of Lisichansk hosted the meeting of the coalmining companies of the region. The main topic was the way out of the situation at the coalmining companies. In particular the meeting discussed salary debts, low state support and increase of the social tension among miners. As well as the ways of solving all these…Details
In January-September Zaporizhstal produced 2.94 million tons of steel, down by 1.3% YoY. According to the company statement, its pig iron output dropped by 1.3%, to 2.74 million tons, while that of rolled metal – went up by 0.1%, to 2.55 million tons. In September Zaporizhstal produced 337.1 thousand tons of pig iron, 346.4 thousand…Details