Supervisory board of ArcelorMittal Kriviy Rih has appointed Clark David George (a citizen of Australia) its chairman. He is the technical director and strategy head of ArcelorMittal. On July 15, the supervisory board dismissed Davinder Chugh from the office of the chairman, as this month he turned 60 and he could leave the corporation. (Ukrainian…Details
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The Federation of Ukrainian Metallurgists has noted the success of the Ministry of economic development and trade policy in protecting local metal manufacturers interests on foreign markets. “We thank the ministry for the help in protection from antidumping investigations in India, Pakistan, EEU, for the work on free trade zones with Turkey and Israel, for…Details
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max May 414 502 June 416 512 * – 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
Metinvest has approved of the continuous casting machine reconstruction project of Mariupol Ilyich Iron and Steel Works. The repair will cost $150 million. This project will make the converter shop of Ilyich work at full capacity. After the construction of the new continuous casting machine Ilyich steel output will increase by 1-1.5 million tons, to…Details
The Association of Ukrainian Ferroalloy Producers has asked the Cabinet of Ministers, the President Administration and the National power and housing utilities state regulation committee to return electricity prices to December 2015 (1.23-1.52 UAH per kW-h) and prohibit their increase in 2016-2021. “For the past several months the electricity tariffs for industrial manufacturers have been…Details
In June Ukrainian companies received 299 thousand tons of scrap, up by 5% MoM, or by 13 thousand tons. According to the state enterprise Ukrpromvneshexpertisa, the increase was the result of the traders quickly selling their stocks in fear of the further drop in local market purchasing quotations. In June local metal companies decreased their…Details
Month Russian market, $/t, DDP, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, DDP, $1/UAH24.854* min max min max May 640 940 760 900 June 720 975 810 930 * – 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
Dneprovsky Iron and Steel Works is going to repair a number of large machinery, including its blast furnace No. 9. In January-June the works was forced to keep its machinery idle because of the money deficiency, problems with fuel and raw materials deliveries, and the tense situation in the East. “Forced idleness was used to…Details
In the first half of 2016 PJSC “Zaporizhstal” increased tax transfers to the budgets of all levels, and paid to government 1.6 billion UAH of taxes. For the same period in 2015 tax payments amounted to 1.4 billion UAH. The transferred amount includes taxes, fees and other mandatory payments to the budgets of all levels…Details
The decisions of the Eurasian Economic Commission of June 2, are suspended in order to let the Eurasian intergovernmental council study the matter. In late May EEC decided to impose antidumping duties on ferrosiliomanganese from Ukraine for 5 years. The duties amounted to 26.35% of the customs price. The compensational investigation was started on December…Details
The Cabinet of Ministers has approved of appointing Andrei Dyachenko the general director of the state coalmining enterprise Lvivugol. Previously Dyachenko worked as the acting general director of the company. In March the Ministry of energy and coal industry announced Dyachenko the winner of the competition for the office of Lvivugol CEO. (Ukrainian metal)Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max May 512 731 521 571 422 569 June 558 783 521 571 422 569 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to…Details
The Cabinet of Ministers allowed the privatization of the Buzhanskaya mine, a part of Volynugol. The corresponding decision has been stated in the decree of July 22. For the past three years the mine has been profitless. Its accounts receivable for 2015 total 82.42 million UAH, in particular, 56.36 million UAH to the state budget…Details