Mechel, one of Russia’s leading mining and steel companies, reports its intention to restructure 17, 18 and 19 series of bonds. The company intends to offer holders of 17-series bonds (State registration number 4-17-55005-E dated 10.08.2010), 18-series bonds (state registration number 4-18-55005-E dated 10.08.2010) and 19-series bonds (state registration number 4-19-55005-E dated 10.08.2010) to introduce…Details
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In April Azovstal Iron and Steel Works received the most VAT among other metal and mining companies – 389.9 million UAH. According to the State Treasury, then came Mariupol Ilyich Iron and Steel Works (235.1 million UAH), followed by Zaporizhstal (189.7 million UAH). Evraz Sukhaya Balka received 86.9 million UAH, UGOK – 85.9 million, Interpipe…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max min max February 108 140 141 151 March 108 138 136 141 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the…Details
The Ministry of energy and coal industry intends to have presented a plan on coal deliveries from Donbass in 2-3 weeks. “We need such a financing procedure, which will make it clear where the money goes. That’s without VAT. We’re working on the mechanism”, said the ministry head Igor Nasalik. (Ukrainian metal)Details
Shareholders of Krasnodonugol have recalled Metinvest B.V. from the supervisory board. Instead they have elected Metinvest Holding CEO Yuri Ryzhenkov, metal division director Alexander Pogozhev, acting financial director Julia Dankova, legal director Svetlana Romanova and financial control director Olga Khazimova. All of them have been elected for 3 years. (Ukrainian metal)Details
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max February 221 274 March 241 304 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
Lisichanskugol has concluded an agreement with UPK-Audit Ltd for the financial audit valued at 300 thousand UAH. This was the third attempt of the company to find an auditor, two previous trades being cancelled due to the lack of participants. UPK-Audit Ltd will conduct an audit of finances of Lisichanskugol and all its subsidiaries for…Details
In March salary debts to miners were 70-75% cleared. Salary debts have been partially cleared at Selidovugol and Volynugol. Lvivugol received 17.2 million UAH from the state and decided to spend 10 million UAH from coal sales to pay salary, so, it was able to clear 88% of the debt. Krasnoarmeyskugol miners still haven’t received…Details
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max February 281 281 March 270 270 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
In January-April Ukraine mined 13.51 million tons of power-generating and coking coal, up by 9% YoY. According to the Ministry of energy and coal industry, state mines yielded 2.1 million tons, or 15.6% of the total volume. State mines output fall reached 6.8%. In April Ukraine mined 3.48 million tons of coal, with 501.4 thousand…Details
Rolled plates of Mariupol Ilyich Iron and Steel Works have been certified for the correspondence to Turkey – Lloyd’s. “Now we can enter the Turkish shipbuilding market with our steel”, said the company CEO Yuri Zinchenko. “The quality of our shipbuilding rolled products has been confirmed. The next step is the receipt of TL certificates.…Details
In January-April Ukrainian metal companies produced 8.23 million tons of carbon steel, up by 16.4% YoY. Pig iron output increased by 22.3%, to 7.87 million tons, that of rolled metal – by 17.1%, to 7.22 million tons, coke output went up by 34.9%, to 4.44 million tons, while that of steel pipes dropped by 10.4%,…Details
The Verkhovna Rada on April 21 passed at second reading bill No. 3868 amending some Ukrainian laws on reducing the shortage of scrap ferrous metal on the domestic market. The document aims at providing for the needs of defense industry and restoration of infrastructure. The document increases export duties for scrap ferrous metals temporarily for…Details