Ukraine: PGOK to invest $50 million in development

Poltava Mining and Processing Works plans to invest some $50 million into development.

In 2015 the company had to stop its investment program as to the capacity increase, with the cost of maintenance projects being $50 million. This year PGOK intends to keep its investments on the level of 2015. (Ukrainian metal)

Ukraine: pig iron output down in June 2016

In June Ukraine produced 1765 thousand tons of pig iron, down by 21.4% MoM, or by 481 thousand tons.

In January-June pig iron output increased by 17% YoY, or by 1731 thousand tons, to 11927 thousand tons. (Ukrainian metal)

Ukraine: rolled metal output down in June 2016

In June Ukraine produced 1536 thousand tons of rolled metal, down by 23.3% MoM, or by 467 thousand tons.

In January-June rolled metal output went up by 11.1% YoY, or by 1086 thousand tons, to 10850 thousand tons. (Ukrainian metal)

Ukraine: domestic metal market to grow in 2016

Metinvest CEO Yuri Ryzhenkov believes in 2016 domestic metal market will grow by 10% YoY.

“Last year Ukraine saw the lowest metal consumption results in its newest history. So far the economy is idle: there is no increase in construction, or in machine-building. And these are our main metal-consuming industries”, he added. (Ukrainian metal)

Ukraine: no forecast on August 2016 metal output

Manufacturing results of July for the Ukrainian mining and metal industry will depend on the normal work of the railroad and the provision of coke and raw materials. Ukrmetallurgprom wasn’t able to forecast output results for August, but it believed that in July Ukraine would produce 2.1 million tons of pig iron, 2.2 million tons…

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Ukraine: ilmenite output in January-May 2016

In January-May Mezhdurechensky Mining and Processing Works and Valki-Ilmenit, both owned by Group DF, produced 69.8 thousand tons of ilmenite concentrate. In particular, MGOK produced 54.7 thousand tons of concentrate, while Valki-Ilmenit – 15.1 thousand tons. The maximal capacity of MGOK is 200 thousand tons of ilmenite concentrate per year, and Valki-Ilmenit can produce 65…

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Metals of Ukraine & Russia: square billets (structural steel), May 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166*

min

max

April

206

278

May

206

370

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: SevGOK commissions first line of crushing and conveying system

Pervomaisky open pit mine of the Severniy Mining and Processing Works, a part of Metinvest Group, has commissioned the first start-up facility of the iron ore crushing and conveying system. It is the independent Ukraine’s largest project in the mining sector. Investments in the first line of the crushing and conveying system totaled 1.9 billion…

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Metals of Ukraine & Russia: hot-rolled coils, May 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166*

min

max

April

283

377

May

379

442

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: Centrenergo to buy 1.6 billion UAH worth of coal

In July-December power-generating company Centrenergo plans to buy 1.6 billion UAH worth of coal from DTEK Sverdlovskantrazit.

In 2015 Centrenergo produced 8422.15 million kW-h of electricity, down by 32.7% YoY. Its net profits fell 3.4 times, to 21.85 million UAH, with net income down by 9.2%, to 6863.84 million UAH. (Ukrainian metal)