Ukraine: metal output up in January-July 2016

In January-July Ukraine produced 14.49 million tons of carbon steel, up by 10.5% YoY. Pig iron output went up by 16.3%, to 13.99 million tons, while that of rolled metal – by 10.5%, to 12.68 million tons, all YoY. Metallurgical coke production rose by 20.4%, to 7.56 million tons, while that of steel pipes dropped…

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Metals of Ukraine & Russia: foundry pig iron, June 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854*

min

max

May

287

314

June

265

265

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: Zaporizhstal puts cooling tower into operation

Within the framework of complex ecological modernization of the blast furnace manufacture Zaproizhstal has put the blast furnace gas-purifiers working cycle cooling tower into operation after a major overhaul. Investments into new machinery totaled 30 million UAH. The new cooling tower, produced by Yerushalmi Water Cooling Towers Ltd (Israel), will decrease fresh water withdrawal from…

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Ukraine: Gorlovka mines drowning

Three mines in the Russia-supported terrorists-occupied Gorlovka are operating in life-supporting mode, while another one has been flooded.

For the last two years miners received only 3-months worth of salary. At the same time Artemugol received some Russian money to clear June salary debts. (Ukrainian metal)

Metals of Ukraine & Russia: cold-rolled coils, June 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854*

min

max

May

414

502

June

416

512

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: Metinvest to invest $150 million into Ilyich continuous casting machine

Metinvest has approved of the continuous casting machine reconstruction project of Mariupol Ilyich Iron and Steel Works. The repair will cost $150 million. This project will make the converter shop of Ilyich work at full capacity. After the construction of the new continuous casting machine Ilyich steel output will increase by 1-1.5 million tons, to…

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Ukraine: ferroalloy companies demanding to stop increasing electricity price

The Association of Ukrainian Ferroalloy Producers has asked the Cabinet of Ministers, the President Administration and the National power and housing utilities state regulation committee to return electricity prices to December 2015 (1.23-1.52 UAH per kW-h) and prohibit their increase in 2016-2021. “For the past several months the electricity tariffs for industrial manufacturers have been…

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Ukraine: scrap prices at their lowest

In June Ukrainian companies received 299 thousand tons of scrap, up by 5% MoM, or by 13 thousand tons. According to the state enterprise Ukrpromvneshexpertisa, the increase was the result of the traders quickly selling their stocks in fear of the further drop in local market purchasing quotations. In June local metal companies decreased their…

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