In 2015 Ukraine exported 3.1 million tons of rolled metal, down by 15.3% YoY, and earned $6.4 billion, down by 39% YoY.
In 2015 Ukrainian metal makers increased their losses by 31.6% YoY, or by 7.5 billion UAH, to 31.2 billion UAH.
In January Poltava Mining and Processing Works received the largest VAT reimbursement – 720.8 million UAH – among mining and metallurgical companies.
Lvivugol miners received a part of the January salary. The company got money for the coal supplied to the thermal power stations.
Month Russian market, $/t, EXW, without VAT, $1/RUR72.883* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.001* min max min max November 269.61 1901.69 392.78 392.78 December 270.43 1901.69 381.20 381.20 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.12.15 according to the National Bank of Ukraine and the Central Bank of the…Details
Resuming electricity exports will help both state and private coal companies to work steadily and keep their employees.
In January the Ministry of energy and coal industry received 50 million UAH to clear salary debts to miners. This month it plans to get 180 million UAH more.
Ukraine has received a grant from the government of Great Britain for the social support of the miners and the population of the mining regions, where coal companies will be closed.
DTEK modernizes the Pavlogradskaya central processing factory – one of the largest coal-processing enterprises of Ukraine.
Month Russian market, $/t, EXW, without VAT, $1/RUR72.883* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.001* min max min max November 317.15 536.48 311.47 368.51 December 307.62 536.48 310.04 310.04 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.12.15 according to the National Bank of Ukraine and the Central Bank of the…Details
Mariupol Ilyich Iron and Steel Works has started producing galvanized coils according to EN 10346.
World metal market situation will not improve in 2016. The decline of economic development in Europe as well as the increase of steel manufacture in China will not allow Ukrainian mining and metallurgical complex to overcome crisis in the near future.