Metals of Ukraine & Russia: channel (structural steel), November 2016

Month

Russian market, $/t, EXW, without VAT, $1/RUR64.9*

min

max

October

551

618

November

558

618

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: coal stocks at TPPs up

Coal stocks in the warehouses of thermal power plants (TPP) of Ukraine from December 25, 2016 till January 2, 2017 increased by 3%, from 1.7 million tons to 1.751 million tons, Ukrenergo has reported. In particular, anthracite coal stocks grew by 1.6%, to 891,000 tons (including 128,000 tons at Luhansk TPP), while gas coal and…

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Metals of Ukraine & Russia: scrap (grade 3a), November 2016

Month

Russian market, $/t, FCA, without VAT, $1/RUR64.9*

min

max

October

62

185

November

77

196

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: Mariupol Ilyich energy consumption down in 2016

In 2016 Mariupol Ilyich Iron and Steel Works, a part of Metinvest, decreased natural gas and electricity consumption, saving $11.157 million. Last year the company saved 42.85 million cubic meters of gas and 19.4 million kW-h of electricity, CEO Yuri Zinchenko reported. According to him, energy resources consumption in steel manufacture totaled 7% of electricity…

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Russia: new beryllium project planned

Expert Council of the Industry’s Development Fund approved 12 preferential loans amounting up to 2.93 billion rubles (approximately $48.305 million). According to one of them, company Rare Metals of Siberia plans to organize a plant to process beryllium ores into pure beryllium and its compounds. Rare Metals of Siberia has a technology for primary raw…

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Russia: IMH increases debt

Eurasian Development Bank (EDB) and the Industrial Metallurgical Holding (IMH) signed a loan agreement to boost iron ore outputs. The document was signed by Konstantin Limitovsky, Deputy Chairman of the Management Board at EDB, and Evgeny Zubitskiy, President of IMH. In accordance with the agreement, EDB will provide $90 million to IMH for eight years.…

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Ukraine: AMKR launches engineering and geological research at the site of LF-CC 2

ArcelorMittal Kriviy Rih launched geological engineering survey at the construction site of future LF-CC No. 2. On January 3, R&D Institute Mekhanobrchermet commenced the works; the first wells have been drilled at construction site. The plan is to drill approximately 50 wells in January, thus to receive accurate information about geological conditions of the site…

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Ukraine: terrorists claim 47% of coal taxes

Terrorists of the so-called Lugansk People’s Republic receive 47% of the anthracite supplied from the occupied part of Donbass to the state power company Centrenergo as “taxes”, the State Security Service of Ukraine reports. “From the money received for supplying coal the minister of fuel, energy and coal industry of the LPR pays 47% to…

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Ukraine: scrap exports facilitated

Ukraine’s Cabinet of Ministers has facilitated exports of scrap ferrous and nonferrous metals, revoking the registration of foreign economic contracts related to transactions with scrap metal. The amendments were made to some government resolutions in resolution No. 1035 dated December 28, 2016. The resolution also annuls some previous government resolutions. “The government has relaxed the…

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Ukraine: Zaporizhstal 2016 results

In December 2016 Zaporizhstal produced 264.6 thousand tons of pig iron, 305.4 thousand tons of steel and 267.4 thousand tons of rolled metal, all down by 25.2%, 13.5% and 11.9% YoY respectively. In January-December 2016 the output totaled 3600.2 thousand tons of pig iron, 3890.7 thousand tons of steel and 3367.9 thousand tons of rolled…

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Metals of Ukraine & Russia: squares (ordinary steel), November 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499*

min

max

October

415

420

November

457

457

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: AMKR smelts 7 million tons of steel in 2016

ArcelorMittal Kriviy Rih announced its 2016 production results. The company successfully coped with the set task and achieved record production for the recent years – 7 million tons of steel in 2016. Previously such production level was reached in 2008. This ambitious goal, that the employees of the company strived to achieve for the whole…

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