Month Russian market, $/t, EXW, without VAT, $1/RUR66.237* Ukrainian market, $/t, without VAT, EXW, $1/UAH21.528* Export, Ukraine, $/t, FOB Black sea ports min max min max min max August 349.81 647.38 386.23 426.03 310.00 310.00 September 367.59 647.38 377.66 401.58 295.00 305.00 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.09.15…Details
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The Industrial Union of Donbass corporation has appointed Maxim Zavgorodny, the Dneprovsky Iron and Steel Works named after Dzerzhinsky CEO, its new executive director.
Metinvest decided to buy spare parts for 7 locomotives belonging to Ukrzaliznytsya (Ukrainian Railways) to serve on the Kamysh-Zarya – Volnovakha line, where the company transports most of its products.
In 2016-2020 ArcelorMittal Kriviy Rih plans to invest $1.2 billion in its development.
A gas-air mixture exploded at Krasnolimanskaya mine when the militarized mine-rescue squad of the Ministry for energy and coal industry was working there. One person was killed and two injured.
ArcelorMittal Kirviy Rih has confirmed its interest in using the quay of the special seaport Oktyabrsk in Nikolaev for loading of its products.
Month Russian market, $/t, EXW, without VAT, $1/RUR66.237* Ukrainian market, $/t, without VAT, EXW, $1/UAH21.528* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max min max August 15.10 18.94 25.32 30.43 35.00 40.00 35.00 45.00 September 15.10 18.87 22.06 27.10 35.00 40.00 40.00 45.00 * -…Details
ArcelorMittal Kriviy Rih CEO Paramjit Kahlon said the company was willing to buy natural gas from Naftogaz if it offered more favorable terms.
The Railroad Transport draft law needs to be returned to the Ministry of infrastructure, as it doesn’t take into account most of the remarks of the carriers, says the Metallurgprom president Alexander Kalenkov.
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH21.528* min max August 470.70 470.70 September 456.39 456.39 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.09.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
ArcelorMittal Kriviy Rih sells less than 1% of its products on the Russian market.
The tax reform stipulates the implementation of the income tax for the ferrous and non-ferrous metal scrap.
ArcelorMittal Kriviy Rih has been working with losses for the past 11 months because of selling most of its metal products cheaper than the prime cost.