“In a year and a half we intend to double coal output in Ukraine”, the minister of energy and coal industry Igor Nasalik announced. All the salary debts to miners will be cleared by January 1, 2017, he added. “The ministry has fulfilled its obligations on settling salary payments, and we expect miners to honor…Details
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Ilyich-Stal has sold a 99.46% stake in the Ilyichevskoye Insurance Company and is its shareholder no longer. The buyer of the shares is not disclosed. Ilyich-Stal is owned by Metinvest. (Ukrainian metal)Details
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 400 2194 418 418 September 359 2194 424 424 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…Details
In 2017 Ukraine will consume 4.6 million tons of steel, up by 7% YoY. “We see activity increase in construction, agriculture and machine-building. So we expect steel consumption to increase by 5-10%, by 7% on average”, Metinvest marketing director Roman Kurashev said. Construction and machine-building will become the main drivers behind the consumption growth. In…Details
ArcelorMittal Kriviy Rih has started returning land, belonging to Krivorozhstal, to the city of Kriviy Rih. In particular, 36.41 ha have been returned: 11.39 ha under the mining and processing complex in Ingulets district; 17.44 ha under furniture manufacture in Pokrovsk district; 1.78 ha and 2.99 ha under pig farms in Dolgintsev district; and 2.79…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max August 241 269 217 238 240 253 248 275 September 241 269 218 257 250 255 250 260…Details
In January-October prices of processing companies increased by 16.2%, of mining – by 14.9% YoY. Zinc prices went up by 50.9%, ferroalloy – by 47.7%, ferrous rolled metal – by 40.1%, precious metals – by 40%, lead – by 32.8%, aluminum – by 11.6%, copper – by 8.3%. (Ukrainian metal)Details
Prosecutors succeeded in making ArcelorMittal Kriviy Rih pay for pollution. “A record. ArcelorMittal Kriviy Rih has paid 72.69 million UAH to the state for abnormal pollution”, the general prosecutor of Ukraine Yuri Lutsenko said. (Ukrainian metal)Details
Pershotravenskoye Mine Group has put the 168th long face into operation. Its length is 300 m, and coal reserves – 860 thousand tons. Since the beginning of the year the Mine Group has put 4 new long faces into operation. That’s one face more than planned. (Ukrainian metal)Details
In 2017 Ukrzaliznytsia plans to sell a large batch of scrap on the local market. “We will consider the scrap volume we will get from the old cars. And it will be sold in 2017”, the company member of the board Ireneush Vasilevsky said. Ukrzaliznytsia has already announced a tender to sell 130 thousand tons…Details
Month Russian market, $/t, DDP, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, DDP, $1/UAH25.897* min max min max August 720 920 800 1750 September 720 900 800 1900 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…Details
Interpipe notes positive influence of the scrap export duty decree and supports its prolongation. “The decree has really helped us. Without it the situation with scrap would have been much worse”, the company finances and economy director Denis Morozov said. According to him, scrap procurement in Ukraine will continue to drop, so the decree should…Details
The Tajik Aluminum Company still experiences the aftermath of the emergency electricity cut off and calculates losses. “On October 28, because of the electricity cut off in some regions, TALCO was left without light”, information department director Igor Sattarov reported. In September the company operated 303 electrolysis baths. TALCO specialists believe that the electricity cut…Details