ArcelorMittal Kriviy Rih plans to invest around $190 million into its development in 2016. “Our goal is $190 million. We shall see if we can do it this year”, said the company CEO Paramjit Kahlon. Last year AMKR invested 5.17 billion UAH into development. The money was spent on the construction of pulverized coal injection…
DetailsMonth Russian market, $/t, FCA, without VAT, $1/RUR67.6076* min max February 59 131 March 59 141 * – 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 Russian Federation. (Ukrainian Metal)
DetailsSupervisory board of Makeevka By-Product and Coke Plant has dismissed Sergey Medyantsev and appointed Igor Nadich as the chairman instead. According to the company statement, Medyantsev office has expired. Nadich has been appointed till April 25, 2017. He used to work as the assets management director and was supervisory board member. (Ukrainian metal)
DetailsCentravis Production Ukraine has shipped 14.55 km of pipes to Abu Dhabi Marine Operating (UAE). “Tool pipes will be used on hydraulic control lines and insure additional deliveries of gas from Umm Shaif Super Complex”, said the company in its statement. The pipes supplied have the diameter of 0.25-1 inch. The deal was struck in…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR67.6076* min max February 408 657 March 428 638 * – 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)
DetailsSupervisory board of Evraz Sukhaya Balka has elected Alexander Rybalko its chairman. According to the company statement, Rybalko has been elected for 1 year and is the representative of Palmrose B.V. (the Netherlands), owner of 99.25% of the works. In 2015 Evraz Sukhaya Balka received 632.96 million UAH of losses. (Ukrainian metal)
DetailsVelta has started assembling non-standard equipment at its mining and processing works (ore sands and ilmenite concentrate) that was damaged by fire in 2014. “The process of construction of factory capacities lost to fire is going on, and we have entered the phase of non-standard equipment assembly”, said the company in its statement. In December…
DetailsIn 2016 ArcelorMittal Kriviy Rih intends to produce 6.9 million tons of steel. According to the company CEO Paramjit Kahlon, it also plans to manufacture 5.8-5.9 million tons of pig iron. In 2015 AMKR received 1.38 billion UAH of net profits. (Ukrainian metal)
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max min max February 259 2050 362 362 March 269 2050 362 362 * – 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…
DetailsSupervisory board of Evraz Dneprovsky Iron and Steel Works has elected Alexander Rybalko its chairman. According to the company statement, Rybalko has been elected for 1 year and is the representative of Palmrose B.V. (the Netherlands), owner of 96.337% of the works. In 2015 the company received 1091.96 million UAH of losses. (Ukrainian metal)
DetailsIn January-April Ukraine decreased revenues from ferrous metals exports by 28.9% YoY, to $2072.39 million. According to the Customs statistics, ferrous metals totaled 19.16% of the export revenues as opposed to 23.25% in January-April 2015. In April ferrous metals export revenues reached $592.95 million. In the first 4 months Ukraine exported $209.61 million worth of…
DetailsIn January-March Metinvest produced 1124 thousand tons of coke, up by 0.98% QoQ, or by 11 thousand tons. This was mostly due to the increase in Avdiivka Coke and Chemical Works, Zaporozhye By-Product Coke Plant and Azovstal coke output by 13 thousand, 17 thousand and 17 thousand tons respectively. This has covered the drop at…
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