Fitch has increased the long-term rating of Ferrexpo plc (UK), which controls Poltava and Yeristovo Mining and Processing Works, from CCC to CC. The agency has also confirmed the company short-term rating on the C level. Rating increase is explained by the Ferrexpo liquidity improvement due to higher iron ore prices in H1 (on average…Details
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Mariupol Ilyich Iron and Steel Works has started producing galvanized rolled metal of low-carbon DX52D grade steel. Order for that rolled metal came from several consumers around Ukraine. “We have developed the optimal chemical composition, rolling parameters and the production technology”, said the company CEO Yuri Zinchenko. A part of the metal ordered has already…Details
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH24.854* min max May 197 211 June 149 153 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
India has introduced an antidumping duty on imports of hot-rolled sheet steel from Russia, China, Japan, South Korea, Brazil and Indonesia for six month with a possibility of prolongation, the Finance Ministry said in a statement. The duties will be calculated as a difference between a $474-557 tariff per ton and the price of goods…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* Export, Ukraine, $/t, FOB Black sea ports min max min max min max May 346 566 446 513 405 440 June 448 566 382 423 375 385 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16…Details
In January-June DTEK Group companies produced 13.9 million tons of coal (down by 0.8% YoY), generated 17.9 billion kWh of electricity (-7%), transmitted 22.8 billion kWh of electricity via networks (-0.9%), and produced 776.61 million cubic meters of natural gas (+40.1%). “Despite the unfavorable external environment, we managed to maintain the volume of coal production,…Details
The Eurasian Economic Commission local market protection department has decided to start an antidumping investigation in respect of hot-rolled steel angles, originating from Ukraine and imported to the customs territory of the Eurasian Economic Union. The investigation was started on the basis of requests from Evraz ZSMK and NTMK, supported by MMK and Severstal. According…Details
In July 2016 Izhstal produced 1.4 thousand tons of stainless steel, up by 45% MoM and 2 times YoY. The total steel output reached 26 thousand tons, up by 16% MoM and by 25% YoY. “The increase of the stainless and other steel grades output is one of the priorities for the company. And Izhstal…Details
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max May 208 375 June 277 375 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
International rating agency S&P Global Ratings has upgraded the long-term credit rating of NLMK Group, an international steel company with operations in Russia, the United States, and the European Union, from BВ+ to investment grade ВВВ- with a negative outlook. The national scale rating on NLMK liabilities was upgraded from ruAA+ to ruAAA. In an…Details
Metinvest Group commissioned a thermal and catalytic afterburner at Avdiivka Coke and Chemical Works (AKKhZ) designed to reduce emissions by tar distillation shop. Project investments total about 6.5 million UAH. Despite the difficult situation in Avdiivka and interruptions in the power supply from time to time, Metinvest Group continues to modernize Avdiivka Coke. Set-up and…Details
In January-July Ukraine exported $380.07 million worth of metal wares, down by 33.9% YoY. In July metal wares exports reached $62.84 million. Metal wares imports went up by 25.7% YoY, to $338.77 million, with $51.59 million in July. (Ukrainian metal)Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max min max May 455 455 477 477 June 557 557 509 509 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the…Details