In May Ukrainian scrap procurers exported 112.57 thousand tons of scrap, the maximum amount since July 2015 despite the decree of the District Administrative Court of Kiev that prohibited scrap exports after March 16. Because the decree was ignored, scrap export increased by 11% YoY. In April Ukraine exported 82.47 thousand tons of scrap, with…
DetailsIn April Ukraine produced 90.2 thousand tons of ferroalloys, up by 4.9% MoM, or by 4,2 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, in January-April ferroalloy output decreased by 1.8% YoY, or by 5.9 thousand tons, to 318.9 thousand tons. (Ukrainian metal)
DetailsIn May Yuzhniy Mining and Processing Works produced 918 thousand tons of concentrate, down by 5.8% YoY. According to the company statement, sinter output dropped by 16%, to 736.24 thousand tons. The company explains sinter output drop with the change in market situation. In January-May UGOK produced 4521.8 thousand tons of concentrate, down by 4%…
DetailsIn January-May Yenakievo Iron and Steel Works produced 880 thousand tons of pig iron, up by 56% YoY. According to a company representative, steel smelting increased by 37.8%, to 879 thousand tons, and pig iron output grew by 52.5%, to 839 thousand tons, all YoY. In May the works produced 195 thousand tons of rolled…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max min max March 29 37 31 33 April 33 42 33 36 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn January-May Azovstal Iron and Steel Works produced 1.32 million tons of rolled metal, up by 2% YoY. According to the company statement, steel smelting increased by 4.8%, to 1.47 million tons, that of pig iron – by 4.6%, to 1.26 million tons, all YoY. Because of the closing down of sinter factory, the works…
DetailsSupervisory board of Krasnogorovka Refractory Works has reelected Revaz Djodjua general director for 1 year. According to the company statement, in 2014 it received 1.95 million UAH of losses, having decreased its net income by 59.91% YoY, or by 131.49 million UAH, to 87.99 million UAH. Financial results for 2015 have not been disclosed. (Ukrainian…
DetailsDonetsk Iron and Steel Works can soon stop its operation completely. Because of the railway strike the works can’t get pellets and supply pig iron. “We have pellets stocks for a couple of days”, said a source at the works and added that one of the blast furnaces had been stopped. (Ukrainian metal)
DetailsMonth Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max March 195 289 April 205 289 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
DetailsThe Arbitrary court of Moscow has denied Vadim Varshavsky, the ex-owner of Estar, his claim to Mechel to hand over Daveze Limited shares, which owns Donetsk Electrometallurgical Plant. Estar bought DEMZ and some other assets in 2009 from Istil Group for $1 billion. Alfa-Bank financed the deal, and when Estar wasn’t able to clear its…
DetailsSeveral iron and steel works, situated on the Ukraine-uncontrolled territories of Donetsk and Lugansk regions, have been stopped because of the Donetsk railway strike. A week ago railroaders went on a strike demanding their salaries to be paid. Alchevsk Iron and Steel Works has temporarily closed-down all of its blast furnaces. Yenakievo Iron and Steel…
DetailsFor the past several years Metinvest invested over 45 billion UAH into development of its companies. “We have completely modernized the Yenakievo Iron and Steel Works, we’ve implemented cyclic-and-continuous technology at all our GOKs. We put into operation PCI machines at Ilyich. We’ve modernized Azovstal continuous cast machines”, said the group CEO Yuri Ryzhenkov. Metinvest…
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