Coal Energy S.A. board of directors decided to sell its Donbassuglerazrabotka (Vasily Veliky mine, Donetsk) to minimize losses. “To bring the mine to the profitable level will require too much investments, while ours are highly limited”, said the company in its statement. Coal Energy unites 10 coalmines and processing units. In July 2015 – June…Details
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In June Dneprovsky Iron and Steel Works failed the output targets again. According to the company statement, output targets and results depended on the raw materials availability, but the coke shortage resulted in the failure. Since late June coke has been delivered from Alchevsk Coke, Yevraz Yuzhkoks and Dneprokoks, but that was not enough to…Details
In January-June Avdiivka Coke and Chemical Works produced 1227.65 thousand tons of dry metallurgical coke, up by 74.9% YoY. 25+ mm blast-furnace coke (KDM2) output totaled 1900.21 thousand tons, that of KDM1 – 226.75 thousand tons up from 368.55 thousand tons and down from 333.51 thousand tons in H1 2015. In June the results were…Details
In January-June Ukraine exported 1017.78 thousand tons of steel-making pig iron valued at $192.98 million, up by 27.8% and down by 11.5% YoY respectively. According to the State Fiscal Service, the main importers of Ukrainian pig iron were Turkey (31.53%), USA (26.58%) and Italy (24.87%). In January-June Ukraine imported 1.08 thousand tons of pig iron…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 665 900 721 1750 May 635 900 720 1750 * – 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
The European Union initiated an antidumping probe against supplies of hot-rolled steel from Russia, Brazil, Iran, Serbia and Ukraine. “The European Commission (EC) has received a complaint pursuant to Article 5 of Council Regulation that Russia and Ukraine are being dumped and are causing material injury to the Union industry”, the EC said. The probe…Details
The Commercial Court of the Lviv region has named the privatization of the Chervonograd Central Processing Factory illegal. The lawsuit to the regional department of the State Property Fund and Lviv Coal Company on behalf of the Ministry of energy and coal industry was filed by the prosecutors. The court has cancelled the fund decrees…Details
In January-June Ukraine imported $678.2 million worth of anthracite and coal, with $102.09 million in June. According to the State Fiscal Service, Russia supplied $446.26 million worth of coal, USA – $95.93 million, Australia – $43.28 million, and other countries – $92.72 million. The total volume of coal supplied reached 7779.35 thousand tons. At the…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR66.0825* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max April 434 655 521 561 422 569 May 498 710 521 571 422 569 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16 according to…Details
Central Mining and Processing Works CEO Dmitry Shevchik suggests to implement the European practice of accumulating environment payments in special funds to be spent on environment protective measures of the payee. “There was such an experiment in Ukraine once, but it didn’t go far. I suggest to return to this initiative and to allow the…Details
Dniepropetrovsk region has started implementing a new environment program, aimed at decreasing air pollution and improving water quality. Industrial companies of the region will invest over 26 billion UAH into modernization in the nearest decade. This year they have already invested 300 million UAH, with major project underway at Dneprovsky Iron and Steel Works, ArcelorMittal…Details
ArcelorMittal Kriviy Rih has issued Sustainable Development Report 2015. The non-financial report demonstrates the results of the company activity in the sphere of 10 goals of sustainable development: health and safety, products and infrastructure, resources and wastes; air, land and water; energy; supply chains; talented scientists and engineers; development of local communities and the contribution of the…Details
Mariupol Ilyich Iron and Steel Works has started producing new cold-rolled metal of low-carbon steel for customers from Turkey. “One of the new types of coils is the 3.0×1500 mm coil. We have also started producing rolled metal with chemical limitations on the order of Metinvest Eurasia”, said the company CEO Yuri Zinchenko. The company…Details