The District Administrative Court of Kiev has cancelled the State Geology Service order for Velta to stop operation.
Metinvest plans to unite Azovstal and Mariupol Ilyich Iron and Steel Works, said a source from the city’s business circles.
In January-November Zaporizhstal noted an 8% rise in pig iron manufacture YoY.
In July-September Luxembourg-based Coal Energy S. A., owner of some coal-mining assets in Ukraine received $0.6 million of losses.
In October Nikopol Ferroalloy Plant produced 3.1 thousand tons of ferromanganese, down by 45.6%, or by 2.6 thousand tons MoM.
In January-September Ukrainian metal companies increased their unrecovered losses 3 times, to 31.2 billion UAH, said Metallurgprom.
Metinvest hopes for constructive negotiations with the State Fiscal Service as to the paying of VAT debts.
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH22.904* min max September 322.40 332.48 October 300.71 332.37 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.10.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
DTEK has announced its eurobonds holders that it planned to restructure its obligations in Q1 2016.
Zaporozhye Titanium and Magnesium Works, a part of Group DF, claims the state owes it 43.9 million UAH of VAT.