Metinvest group CEO Yuri Ryzhenkov said it was at least incorrect to speak about monopoly on the iron ore raw materials market of Ukraine.
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Zaporizhstal has dismissed Vladimir Buryak from the office of the chief engineer and has appointed Andrei Zhuk instead.
The state committee has put into operation a new long face at the Pavlogradskoye Mine Group with enough coal for 1.5 years.
At the moment the Mariupol Ilyich Iron and Steel Works operates at 75% of its capacities, while Azovstal – at 50%.
In October Ukraine produced 68.7 thousand tons of ferroalloys, down by 51.3%, or by 72.3 thousand tons MoM.
Month Russian market, $/t, EXW, without VAT, $1/RUR64.374* min max September 62 166 October 62 157 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.10.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
Energomashspetsstal will produce a batch of billets for Engine Components.
In November the major VAT receiver among mining-metallurgical companies was Azovstal with 560 million UAH.
In 2015 the mine group put four new long faces into operation.
Month Russian market, $/t, EXW, without VAT, $1/RUR64.374* Ukrainian market, $/t, without VAT, EXW, $1/UAH22.904* Export, Ukraine, $/t, FOB Black sea ports min max min max min max September 313.01 378.26 325.62 348.76 340.00 340.00 October 321.56 382.14 296.12 321.17 305.00 310.00 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.10.15…Details
The District Administrative Court of Kiev has cancelled the State Geology Service order for Velta to stop operation.
Metinvest plans to unite Azovstal and Mariupol Ilyich Iron and Steel Works, said a source from the city’s business circles.
In January-November Zaporizhstal noted an 8% rise in pig iron manufacture YoY.