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The debt owed by the State Fiscal Service to Metinvest international vertically integrated mining and metal group for value added tax (VAT) refunds for exported products reached 3.5 billion UAH and exceeds the defaulted debts of the holding to foreign creditors, Metinvest CEO Yuriy Ryzhenkov said.
In March Ukraine imported $47.6 million worth of coke, with exports on the level of $1.42 million.
In March Ukraine produced 1434 thousand tons of rolled metal, up by 6.9%, or by 93 thousand tons, MoM.
In 2014 Vostochniy Mining and Processing Works (VostGOK) produced 925.7 tons of uranium concentrate, up by 0.37%, or by 3.4 tons, YoY.
Ukraine’s largest mining and metallurgical holding Metinvest has decided not to distribute the 2014 net profit of Northern Mining and Processing Works (SevGOK), Central Mining and Processing Works (CGOK), Ingulets Mining and Processing Works (InGOK, all based in Kryviy Rih, Dniepropetrovsk region) and Khartsyzsk Pipe Works (Donetsk region).
Coke and coal supplies to metal and chemical companies are still unstable. In January-March Ukrainian by-product coke plants decreased 6% moisture coke output by 42.6%, to 2.44 million tons, YoY.
In March Ukraine exported $30.53 million worth of ferrous metals scrap, with imports totaling $0.45 million.
In March Ukraine exported $51.33 million worth of steel pipes, while imports reached $4.56 million.
ArcelorMittal Kryviy Rih (Dniepropetrovsk region) believes that the initiative of the Infrastructure Ministry of Ukraine to increase tariffs for freight transportation by rail by 25-30% is unacceptable.
In January-March Mariupol Ilyich Iron and Steel Works produced 547 thousand tons of rolled metal, down by 42.2% YoY.
In 2014 Makeevkoks (Donetsk region) received 65.37 million UAH of losses.
In March Ukraine exported $213.09 million worth of iron ore, while import totaled $4.3 million.
In 2014 Krivbassvzryvprom (Kriviy Rih) received 23.42 million UAH of net profit.