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
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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
Shareholders of Energomashspetststal have dismissed Evgeny Pakermanov from the office of a supervisory board member and appointed Sergey Filatov instead. According to the company statement, Filatov worked as the deputy CEO and economy director at Atomenergomash (Russia). He owns no EMSS shares. Shareholders also reelected Andrei Nikipelov, Sergey Kuleshov, Vladimir Razin, Julia Chizhova, Sergey Udovenko,…Details
Nikolaev Alumina Works has received unique equipment for continuous removal of large particles from slurry that comes from bauxite mills. “This equipment will let us divide blow-off slurry into production slurry and sand, thus increasing the effectiveness of our manufacturing process. We would also be able to process high-quality Hawaiian and Brazilian bauxites, as well…Details
The head of Donetsk regional military-civilian administration Pavel Zhebrivsky has visited the state mine 1/3 Novogrodovskaya, where a new breakage face has been put into operation. The project cost 17 million UAH. The administration plans to mine 2 thousand tons of coal per day. The reserves will last till December. (Ukrainian metal)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 249 333 225 271 290 305 March 267 376 262 271 350 400 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16…Details
In the first quarter of 2016 Zaporizhstal has paid 1.2 billion UAH to budgets of all levels, up by 45% YoY. The company is one of the largest taxpayers in Zaporozhye region and Ukraine. Zaporizhstal has paid 197 million UAH to the city budget, up by 80% YoY. In 2015 the company paid 2.5 billion…Details
The Commercial Court of Kiev has ordered the Alchevsk Iron and Steel Works and Dneprovsky Iron and Steel Works named after Dzerzhinsky to pay Metinvest Holding 6.97 billion UAH of debts for iron ore concentrate. In particular, DMKD has to pay 5.78 billion UAH (5.19 million of debt, 437.39 million of fines and 155.4 million…Details