Azovstal Iron and Steel Works, a part of Metinvest, has drastically decreased its output and even shut down pig iron manufacture due to the demand and world price fall.
Beginning with October Interpipe raised salary for its employees by 10%. This is the second salary increase this year. The first was in April. In total wages increased by 20%.
Ukrainian Polymetals director Konstantin Lesnichy has offered the company creditors to pay all debts in cash in the court of law, if they drop their appeal.
Zaporozhyeoblenergo Energy Company has decreased electricity supplies to Zaporozhye Ferro Alloys Plant (ZZF).
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 303.31 388.00 368.92 368.92 360.00 360.00 September 303.31 388.00 346.53 346.53 330.00 330.00 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.09.15…Details
From the beginning of the year miners of DTEK Mine Group named after Space Heroes have been showing high coal output.
In January-October Ukraine produced 55.41 million tons of iron ore concentrate, down by 3% YoY.
In autumn Novokramatorks Machine-Building Works put a new arc electric welding steel furnace with capacity of 15 tons (DSP-15) into operation. This marked the end of the steel shop overhaul started in 1997.
Month Russian market, $/t, EXW, without VAT, $1/RUR66.237* min max August 416.69 686.93 September 416.69 671.08 * – 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
In December Ukrainian metal companies will produce 2.1 million tons of steel.
Kiev commercial court of appeals has confirmed the writ of the Commercial court of Kiev for Electrostal to pay $8.8 million and 1.5 million euro to Delta Bank (Kiev).
The Ministry for economic development and trade is working on a decree to increase scrap export duties.