Lisichanskugol has concluded an agreement with UPK-Audit Ltd for the financial audit valued at 300 thousand UAH. This was the third attempt of the company to find an auditor, two previous trades being cancelled due to the lack of participants. UPK-Audit Ltd will conduct an audit of finances of Lisichanskugol and all its subsidiaries for…
DetailsIn March salary debts to miners were 70-75% cleared. Salary debts have been partially cleared at Selidovugol and Volynugol. Lvivugol received 17.2 million UAH from the state and decided to spend 10 million UAH from coal sales to pay salary, so, it was able to clear 88% of the debt. Krasnoarmeyskugol miners still haven’t received…
DetailsMonth Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max February 281 281 March 270 270 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
DetailsIn January-April Ukraine mined 13.51 million tons of power-generating and coking coal, up by 9% YoY. According to the Ministry of energy and coal industry, state mines yielded 2.1 million tons, or 15.6% of the total volume. State mines output fall reached 6.8%. In April Ukraine mined 3.48 million tons of coal, with 501.4 thousand…
DetailsRolled plates of Mariupol Ilyich Iron and Steel Works have been certified for the correspondence to Turkey – Lloyd’s. “Now we can enter the Turkish shipbuilding market with our steel”, said the company CEO Yuri Zinchenko. “The quality of our shipbuilding rolled products has been confirmed. The next step is the receipt of TL certificates.…
DetailsIn January-April Ukrainian metal companies produced 8.23 million tons of carbon steel, up by 16.4% YoY. Pig iron output increased by 22.3%, to 7.87 million tons, that of rolled metal – by 17.1%, to 7.22 million tons, coke output went up by 34.9%, to 4.44 million tons, while that of steel pipes dropped by 10.4%,…
DetailsThe Verkhovna Rada on April 21 passed at second reading bill No. 3868 amending some Ukrainian laws on reducing the shortage of scrap ferrous metal on the domestic market. The document aims at providing for the needs of defense industry and restoration of infrastructure. The document increases export duties for scrap ferrous metals temporarily for…
DetailsUnited States Ambassador to Ukraine Geoffrey Pyatt has said that Metinvest in Mariupol is the example of extraordinary resilience of Ukrainian people According to the press release, the largest environmental project in Ukraine, sinter plant modernization, was demonstrated to the U.S. diplomat during his visit to the Mariupol Ilyich Iron and Steel Works. Pyatt was…
DetailsThe European Union (EU) considers that the increase of duties on the exports of metal scrap from Ukraine would represent a restrictive trade measure, the delegation of the EU to Ukraine has said. The EU has taken note with disappointment on the proposed amendments to Article 13 of the Law of Ukraine “On external economic…
DetailsMonth Russian market, $/t, DDP, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, DDP, $1/UAH26.218056* min max min max February 713 1012 672 1755 March 650 900 717 1750 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the…
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