Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max min max February 285 554 284 362 March 298 507 290 362 * – 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…Details
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The supervisory board of Stalkanat-Silur has reelected Vladimir Nemirovsky its chairman. According to the company statement, Nemirovsky has been in this office since June 27, 2014. He owns 50% shares of the company. His office has been extended for 3 years.Details
Magnitogorsk Iron and Steel Works announces that Moody’s Investors Service has upgraded the company’s corporate family rating to Ba1 from Ba2 and probability of default rating to Ba1-PD from Ba2-PD. The assigned rating corresponds with the sovereign rating of Russia and brings MMK to the club of Russia’s metals & mining majors – Severstal, NLMK…Details
Avdiivka Coke and Chemical Works, Metinvest and Avdiivka city council have signed an agreement on social partnership for 2016. According to the document, financing of social programs will be increased to 9.5 million UAH. The agreement was signed by Metinvest CEO Yuri Ryzhenkov, Avdiivka Coke general manager Musa Magomedov, the city mayor Yuri Cherkasov and…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max February 178 225 142 188 180 193 175 193 March 192 225 155 206 235 250 190 250…Details
Krasnodonugol is preparing to rent state assets for free. It would be the first private company to get the official permission to use state property free-of-charge. The Commercial Court of Lugansk Region has allowed the company to make amendments to the agreement on the rent of Krasnodonuglepostavka, signed back in 2006 by the State Property…Details
Head of the Verkhovnaya Rada Committee on industrial policy and entrepreneurship Victor Galasyuk has asked the President of Ukraine Petro Poroshenko to sign the decree #3868. The decree provides for the tri-fold increase of scrap exports duty to eliminate the critical shortage of this raw material. “This decree will make Ukrainian metal companies constantly receive…Details
In 2015 AzovElektroStal received 2.87 billion UAH of losses, up by 22.47% YoY, or by 527.27 million UAH. According to the company statement, its net income in 2015 went down by 94.2% YoY, or by 301.24 million UAH to 18.55 million UAH. In 2014 AzovElektroStal received 2.34 billion UAH of net losses, having decreased its…Details
Glencore International AG (Glencore) plans to supply 200 thousand tons of alumina to Tajikistan for the Tajik Aluminum Company (TALCO) this year, according to the TALCO press service. On April 19, visiting CEO at Glencore International AG, Mr. Ivan Glasenberg, reportedly met here with senior representatives of TALCO. The two sides reportedly discussed prospects of…Details
The board of directors of Severstal is recommending a dividend of 8.25 roubles per share for the first three months of the financial year ended on March 31. Approval of the dividend is expected at the company’s AGM, which will take place on June 24. If the dividend payment is approved at the AGM, the…Details
Shareholders of Interpipe Novomoskovsk Pipe Works have changed 3 out of 7 supervisory board members. According to the company statement, shareholders have reelected Oleg Rosenberg, Denis Morozov, Maxim Paliy and Inna Lyubimenko as the supervisory board members. They have also dismissed Anna Vorotintseva, Andrei Likhomanov and Interpipe Limited, appointing Julia Sova, Ruslan Zvonenko and Oleg…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* Export, Ukraine, $/t, FOB Black sea ports min max min max min max February 294 634 247 271 275 275 March 296 634 266 318 350 360 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16…Details