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Month Russian market, $/t, $1/RUR56.258* Ukrainian market, $/t without VAT, $1/UAH15.769* min max min max December 2014 219.40 219.40 299.17 378.95 January 2015 205.53 265.97 299.17 340.39 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.01.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation.…
DetailsUkrainian export prices are up by $15-40, Russian – by $25-30.
In 2014 Central Mining and Processing Works (Central GOK, Dniepropetrovsk region), a part of the Metinvest group, decreased its net profit by 51.2%, to 767.85 million UAH YoY.
In January Ukraine produced 1720 thousand tons of pig iron, down by 3%, or by 54 thousand tons, MoM.
Metinvest SMC, Metinvest Group’s wholesale and retail sales channel in Ukraine, opened a new warehouse to hold a buffer stock of pipe products and a retail metal center.
Energomashstpetsstal (EMSS) will produce a large batch of billets for three European companies. The total weight of the billets will reach3875.6 tons.
The pretax losses of Ukrainian metal companies (negative financial results from ordinary activities before taxation) rose by 84.4%, to UAH 22.5 billion, from UAH 12.2 billion as of the end of 2014, according to preliminary data.
In January Ukraine produced 6612 thousand tons of iron ore and iron ore concentrate, up by 7%, or by 431 thousand tons, MoM.
In January Ukrainian ferroalloy companies produced 82.6 thousand tons of ferroalloys, down by 0.5% YoY.
Metinvest has set up a trade representative in Spain – Metinvest Iberica. The company will be responsible for strengthening cooperation with Metinvest rolled steel consumers in Spain and Portugal and for services.
Euroasian Economic Commission has informed of the prolongation of the antidumping investigation of hot-rolled carbon and alloyed steel rods, produced in Ukraine and exported to the Customs Union.
In 2014 Yenakievo Iron and Steel Works (EMZ), a part of the Metinvest group, increased its net losses by 55.6%, to 771.82 million UAH YoY (496.01 million UAH in 2013).
In January Ukrainian metal companies produced 1.87 million tons of carbon steel, down by 25.2% YoY.