On September 18 the shares of the UK-based mining company Ferrexpo with assets in Ukraine fell at the London Stock Exchange after the news of the company losing access to its money in the Finances and Credits bank in Kiev. The bank is owned by Ferrexpo majority shareholder Konstantin Zhevago.
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Ukrainian export prices are down by $15.
Ferrexpo had $174 million at the Finances and Credits bank, that had been named insolvent.
In August Ukraine exported $136.31 million worth of iron ore, with imports on the level of $7.28 million.
Month Russian market, $/t, EXW, without VAT, $1/RUR58.991* Ukrainian market, $/t, without VAT, EXW, $1/UAH21.612* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max June 464.57 676.93 398.54 541.19 430.00 430.00 440.00 445.00 July 464.57 676.93 387.08 510.38 415.00 420.00 430.00 435.00…Details
In January-July the Ukrainian metal industry received 14.3 billion UAH of losses, up by 15.3% YoY, or by 1.9 billion UAH.
Mariupol Ilyich Iron and Steel Works thermal station #1 has completely switched to blast furnace gas, which led to a substantial natural gas saving. In August the works was able to save 2.9 million UAH.
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH21.612* min max June 398.51 531.49 July 388.16 492.01 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
Ukrainian thermal power station coal reserves grow daily by 20 thousand tons and have reached 1.6 million tons, said the energy and coal industry minister Vladimir Demchishyn.
From September 7 to September 14 DTEK increased coal stocks at its thermal power stations by 64.7 thousand tons.
Month Russian market, $/t, EXW, without VAT, $1/RUR58.991* Ukrainian market, $/t, without VAT, EXW, $1/UAH21.612* min max min max June 369.55 589.91 435.91 435.91 July 382.26 465.28 428.70 428.70 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.15 according to the National Bank of Ukraine and the Central Bank of the…Details
The Ukrainian mining-metallurgical sector is in decay. The leading companies are balancing on the edge of profitability. First of all, because of the problems with raw materials deliveries due to the military activity in the East. Iron ore extraction tax also affects this. For the past 1.5 years it has grown 20 times.
In August Ukraine exported $169.2 million worth of steel semi-finished products, with imports on the level of $0.61 million.