Deputy Prime Minister Yury Trutnev has suggested the government study offering infrastructure support to the development of copper and gold fields of the Baimskaya area in Russia’s Chukotka Autonomous District, the local government said in a statement. Tycoon Roman Abramovich’s Millhouse won an auction for a 25-year license for the Baimskaya area in 2008 for…Details
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Supervisory board of Ukrstalkonstruktsiya has reelected Vladimir Nosov the CEO of the company. According to the statement, Nosov has been reelected for 1 year and he owns no company shares. In 2015 Ukrstalkonstruktsiya received 65.68 million UAH of losses, having increased its net income by 9.6% YoY, or by 10.96 million UAH, to 124.93 million…Details
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max July 346 346 August 346 346 * – 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
Industrial products prices increase totaled 2.6% in September after 0.2% rise in August. According to the State Statistics Service, since the beginning of the year prices have increased by 22.1% YoY, or by 19.6% YoY in September. Mining and quarry industry products price went up by 8.3%, in particular that of iron ore – by…Details
In January-September Ukrainian metal companies exported $5.37 billion worth of products. According to the State Fiscal Service, steel products account for 23% of the total exports. At the same time, Kriviy Rih was unable to supply iron ore concentrate to Europe due to the bad work of Ukrzaliznytsia. Metal companies also blame Ukrzaliznytsia for the…Details
In H1 Ukrainian metal companies investments dropped by 16% YoY. According to the experts, this has to do with the gradual completion of investment programs, started in 2012-2013. In H1 the largest investments into their redevelopment were made by Zaporizhstal (820.9 million UAH), ArcelorMittal Kriviy Rih (743.6 million UAH) and Mariupol Ilyich Iron and Steel…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 447 680 350 418 August 447 680 368 418 * – 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
This year VSMPO-Avisma (Russia) will decrease raw materials purchases from Ukraine. It will buy only 85% of ilmenite from Ukrainian suppliers, down from 100% earlier. “There are no long-term contracts on ilmenite. They are only concluded for 1 year. This year 85% of ilmenite will be supplied from Ukraine”, the company CEO Mikhail Voevodin said.…Details
Zaporizhstal has increased wages to its employees by 5%. According to the company statement, the increase was made within the framework of salary increase of Metinvest companies. This is the second time this year that the salary is increased. The first time it went up by 10%. “The salary increase will partially compensate for the…Details
Month Russian market, $/t, DDP, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, DDP, $1/UAH25.489* min max min max July 690 900 800 1750 August 720 920 800 1750 * – 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 electric furnace shop of Oskol Electrometallurgical Works has produced the 70-millionth ton of steel. According to the company statement, the output volumes were gradually increased with machinery and techniques modernization. (Ukrainian metal)Details
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max July 245 403 320 325 320 330 August 256 403 315 325 315 345 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16…Details
In September miners of DTEK Dobropolyeugol Almaznaya mine yielded 108 thousand tons of G-grade coal. In January-September the mine yielded 650 thousand tons of coal. In September coal was mined at two sites. “The heating season will start soon, so the miners have to work with maximum efficiency. We intend to have good results in…Details