Ukraine: Metinvest not to fire its employees
Metinvest has no plans for massive firing of employees at its companies.
Ukraine: UMCC claims prosecutors seek to destabilize it
The state enterprise United Mining and Chemical Company believes the investigation of the illegal mining of mineral deposits by its officials is a pure action to destabilize its operation.
Ukraine: VostGOK to buy 11.3 million cubic meters of gas
Vostochny Mining and Processing Works is going to purchase 11.343 million cubic meters of natural gas in 2016.
Metals of Ukraine & Russia: cold-rolled sheet, October 2015
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 Export, Russia, $/t, FOB Black sea ports min max min max min max min max September 440.49 632.79 387.42 443.22 350.00 360.00 360.00 370.00 October 440.49 632.79 370.39 445.87 325.00 330.00 330.00 345.00…
DetailsUkraine: DTEK not to import coal by sea until debts returned
DTEK could import coal by sea only if the state enterprise Energorynok pays all its debts to the company.
Ukraine: manganese output down in October 2015
In October Ukraine produced 147.5 thousand tons of manganese concentrate and sinter, down by 48.6%, or by 139.5 thousand tons MoM.
Metals of Ukraine & Russia: beams (structural steel), October 2015
Month Russian market, $/t, EXW, without VAT, $1/RUR64.374* min max September 428.74 690.49 October 428.74 690.49 * – 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)
DetailsUkraine: Velta to fire 500 employees
Velta will have to fire 500 employees of its mining and processing works (ilmenite concentrate) in Kirovograd region after the State Geology Service canceled its titanium raw materials mining license.
Ukraine: Zaporizhstal to be cut from electricity for VAT debts
Zaporizhstal has received a notification from the energy company Zaporozhyeoblenergo that it plans to stop electricity supplies to the works due to the breach of payment terms as the result of the state VAT debt of 822 million UAH.
Metals of Ukraine & Russia: square billets (structural steel), October 2015
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH22.904* min max September 239.24 239.24 October 213.55 309.47 * – 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)
DetailsUkraine: metal companies to relocate
Shareholders of the Makeevka Subsidiary of Yenakievo Iron and Steel Works, Komsomolskoye Mine Group and Donetskkoks (all from Donetsk region) plan to decide on the companies’ location at their meeting on December 17.
Ukraine: metal works to halt
The further fall of the world steel and iron ore prices could result in Ukrainian metal works stopping operation.