ArcelorMittal Berislav has dismissed Wilhelmer Michael from the office of the supervisory board. Michael has resigned, he owns no company shares. In 2015 ArcelorMittal Berislav received 40.4 million UAH of losses, having increased its net income 3.3 times YoY, or by 48.26 million UAH, to 68.98 million UAH. The company mines limestone used in construction…Details
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Ukrzaliznytsia (Ukrainian Railways) has chosen Metinvest-SMC to supply 25.4 thousand tons of construction materials worth 616.05 million UAH. In particular, the railroad intends to buy 25435 tons of sections, encased piles and construction elements of railroad and tramways of hot-treated steel. Metinvest-SMC has to deliver the products by the year-end. (Ukrainian metal)Details
In May Ukraine exported $150.18 million worth of long rolled metal products, with imports on the level of $14.42 million. According to the State Fiscal Service, Russia was the largest importer of Ukrainian long rolled metal in May ($21.17 million). In January-May Ukraine exported $675.77 million worth of long rolled metal products, while imports totaled…Details
Month Russian market, $/t, DDP, without VAT, $1/RUR66.0825* Ukrainian market, $/t, without VAT, DDP, $1/UAH25.166* min max min max April 650 890 760 900 May 640 940 760 900 * – 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
A meeting of the State Commission for the Development of the Arctic Region presided by the deputy chairman of the government of the Russian Federation Dmitry Rogozin and attended by Nikolai Rogozhkin, envoy from the President of the Russian Federation in the Siberian Federal District, took place in the first two weeks of June on…Details
In May metal companies didn’t receive 79 thousand tons of scrap, according to the state enterprise Ukrpromvneshexpertisa. “Despite the decree prohibiting scrap export, the market was 79 thousand tons short. This forced metal companies to import raw materials (6 thousand tons of scrap and 18 thousand tons of hot-briquetted iron) and use too much pig…Details
Limitations of the throughput rate of the railroad stage Kamysh-Zarya – Volnovakha results in the failure with raw materials delivery to Azovstal and Mariupol Ilyich Iron and Steel Works, that have to decrease output, while Ukraine loses some $1.5 billion of revenues per year. According to Ilyich Works CEO Yuri Zinchenko, because of the lack…Details
Dneprovsky Iron and Steel Works plans to stop its blast furnace No. 9 for capital repairs on June 25. According to the company statement, the repairs will last for 1 month. The overhaul will see the replacement of 46 cold kilns, charging equipment, notch plugging and breaking machine and the kiln shell. (Ukrainian metal)Details
The state enterprise Ukrpromvneshexpertisa believes the square billet prices in July will decrease by $5-10 per ton MoM, to $300-310 per ton FOB Black Sea. Rolled metal price drop has to do with the Ramadan in the Near East and the season of vacations in Europe. The demand for the square billets on the world…Details
Kola Mining and Metallurgical Company has won the regional stage of the Best Insurer (compulsory pension insurance) competition hosted by the Pension Fund of the Russian Federation for its performance in 2015. The competition has been hosted by the Pension Fund of Russia since 2011. Its main goal is to improve social responsibility of employers…Details
In May Zaporozhye Ferro Alloys Plant produced 24.4 thousand tons of ferroalloys, up by 1.6% MoM, or by 0.4 thousand tons. According to the company statement, in January-May it produced 110.6 thousand tons of ferroalloys, down by 13.1% YoY, or by 16.7 thousand tons. (Ukrainian metal)Details
In May Ukraine produced 1131 thousand tons of 6% moisture bulk coke, down by 0.3% MoM, or by 3 thousand tons. According to Metallurgprom, coke output in January-May increased by 30.8% YoY, or by 1313 thousand tons, to 5575 thousand tons. (Ukrainian metal)Details