Ukraine will continue to buy Russian coal if necessary, said the Russian Ministry of energy and coal industry head Alexander Novak. “We’re continuing to sell coal to Ukraine. A couple of million tons this year for sure”, he said. According to him, there is no such situation when Ukraine stops buying Russian coal at all.…Details
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Month Russian market, $/t, EXW, without VAT, $1/RUR66.0825* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* Export, Ukraine, $/t, FOB Black sea ports min max min max min max April 306 459 344 354 430 485 May 337 572 431 518 390 430 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16…Details
Norilsk Nickel Polar Division has received a team of foreign investors on a business visit composed of BMO, HSBC Securities (South Africa), Pioneer AM, Fosun AM, BAML, Goldman Sachs, VTB, Deutsche Bank, Alfa-Bank. The foreign guests enjoyed an opportunity to look at the sheer scale of the company’s footprint with their own eyes and learn…Details
The state enterprise Ukrpromvneshexpertisa says iron ore raw materials average prices in July will fall by 8-10% MoM, or by $4-5 per ton, to $45-46 per ton. The price decrease will be the result of the considerable fall of flat and long rolled metal prices on Chinese markets and the seasonal drop of steel demand.…Details
In May Ukraine exported $217.87 million worth of steel semi-finished products, with imports on the level of $0.99 million. According to the State Fiscal Service, Egypt was the primary importer of Ukrainian steel semis in May ($63.81 million). In January-May Ukraine exported $906.54 million worth of steel semis, while imports reached $4.9 million. (Ukrainian metal)Details
DTEK expects the anthracite coal delivery from the Russia-supported terrorists-occupied regions of Donbass to renew. “The primary reason for the delivery stop was the railroad strike on the yonder side. But now it has stopped. Because of the military activities the railroad infrastructure was damaged, but it is being repaired. Still, the situation changes every…Details
Kola MMC (Norilsk Nickel affiliate) has delivered an upgraded central storage facility for inventories with an approximate area of 3 thousand square meters at its Monchegorsk site. A hired contractor remodeled the layout of the building, overhauled the flooring, and modernized lighting and heating systems. To improve efficiency of floor space utilization, the on-the-floor storage…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR66.0825* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* min max min max April 419 419 370 370 May 419 419 504 558 * – 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
In 2015 Interpipe paid 1.04 billion UAH of taxes. 45% of the amount (469 million UAH) was transferred to the state budget, 22% (237 million UAH) – to the city budgets of Dniepropetrovsk, Novomoskovsk and Nikopol, 30% (309 million UAH) was paid to various funds. Interpipe has also paid 17.6 million UAH of military tax.…Details
Azovstal Iron and Steel Works has initiated exercises to check the effectiveness of interaction between emergency services and the staff in case of an accident. The works divisions will enact evacuation and rescue, safe mode operation and elimination of accidents. (Ukrainian metal)Details
Alchevsk Iron and Steel Works has put its blast furnace No. 5 into operation after a short halt due to the lack of electricity. According to ISD legal department director Sergey Tkachenko, the blast furnace has been idle for a week. The works has also been on halt since June 1 till June 13 because…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR66.0825* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max April 197 230 183 243 280 285 275 300 May 230 235 225 282 275 297 275 320…Details