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Dniepropetrovsk Administrative Court of Appeals has cancelled the decision of the previous court on the prohibition of scrap export from Dniepropetrovsk and Kherson customs of the State Fiscal Service. “We’re looking forward to the State Fiscal Service reaction”, said Ceramet. The company also hopes that the Kiev Administrative Court of Appeals makes the same decision.…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max March 320 647 284 331 360 385 340 380 April 389 647 362 387 480 485 400 485…
DetailsSupervisory board of Energomashspetsstal has appointed Andrei Nikipelov chairman of the board. Nikipelov is also the general director of Atomenergomash (Russia). In 2015 EMSS received 3210.12 million UAH of losses, having decreased its net income by 7.9% YoY, or by 105.69 million UAH, to 1231.61 million UAH. The company specializes in the production of special…
DetailsIn March Metinvest EBITDA was on the level of $91 million. According to the company statement, it has increased its revenues by 10.21% MoM, or by $43 million, to $464 million. In February Metinvest EBITDA totaled $42 million. (Ukrainian metal)
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* Export, Ukraine, $/t, FOB Black sea ports min max min max min max March 280 395 273 282 350 400 April 317 451 282 356 440 490 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16…
DetailsIn 2015 three Ukrainian companies entered the list of world’s largest metal companies. The first place, as in 2014 held ArcelorMittal, owner of ArcelorMittal Kriviy Rih. Last year the corporation produced almost 100 million tons of steel. Evraz Group dropped from 22 to 25 with 14.35 million tons of steel. The group owns Evraz Dneprovsky…
DetailsMetinvest B.V. has announced that a non-binding heads of terms (heads of terms) for the restructuring of its notes and PXF facilities has been agreed upon. Among other terms, the heads of terms include: an extension of Metinvest’s debt maturities by up to 5.5 years until the end of 2021, including 2.5 years of grace…
DetailsMonth Russian market, $/t, FCA, without VAT, $1/RUR64.3334* min max March 62 148 April 62 165 * – 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)
DetailsMagnitogorsk Iron and Steel Works on May 27, held its Annual general meeting of shareholders (AGM) in Magnitogorsk. The AGM approved of MMK’s annual report and financial statements for FY 2015 and resolved to pay a dividend for the 2015 financial year of RUB 0.31 per common share of issued stock (incl. tax). Earlier shareholders…
DetailsOne of the largest lithium deposits in Europe, situated in Kirovograd region, has been given to Ukrainskiye redkiye metally LLC (Ukrainian rare metals). On May 20, Kirovograd regional council voted to allow the company to work at the deposits. The company is believed to be connected with Alexander Pavlyuchenko, a well-known criminal. (Ukrainian metal)
DetailsMonth Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max March 195 289 310 325 305 325 April 205 289 375 425 375 425 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16…
DetailsUkraine imports 4 million tons of coal from the occupied territories of Donbass per year. “The vice-prime-minister on occupied territories deals with these deliveries. Our ministry is not engaged”, said the Ministry of energy and coal industry head Igor Nasalik. Due to the military conflict in Donbass Ukraine has lost access to most mines there.…
DetailsScrap export duty increase is a temporarily and forced action taken with the country interests in mind, says deputy minister of economical development and trade, the trade representative of Ukraine Natalia Mikolskaya. According to her, for EU scrap exports from Ukraine are not economically important, as it consumes very little of Ukrainian scrap. “That’s more…
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