Ukraine: monopoly of scrap market

The Ministry of economical development and trade cannot create market conditions in the sphere of ferrous scrap. “There is no competition on the scrap market today. I have been talking to association representatives for a year. What market could it be, if all the scrap in Ukraine is purchased by 2 people”, said the Verkhovnaya…

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Ukraine: metal output in May 2016

In January-May Ukraine produced 10.54 million tons of carbon steel, up by 14% YoY. This is preliminary data by Metallurgprom, while more precise information is expected after June 10. Pig iron output increased by 21%, to 10.11 million tons, that of rolled metal – by 16.5%, to 9.32 million tons. Coke production went up by…

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Ukraine: Groysman tasks the Cabinet to consider issues faced by mining and metals sector

Ukraine’s Prime Minister Vladimir Groysman went to see Mariupol Ilyich Iron and Steel Works of Metinvest Group as part of his visit to Mariupol. He observed the reconstruction of a sinter plant, the biggest environmental project in the history of Ukraine’s independence, with the five-year investment making $220 million. Vladimir Groysman visited a converter shop.…

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

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865*

min

max

March

307

383

April

327

426

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: uranium to be processed in Russia

Ukraine intends to prolong its contracts with Russia on uranium processing.

“This year we plan to prolong the contract, the parties are discussing all the matters”, said the national nuclear energy company Atomproektinzhiniring director Alexander Rybchuk.

This year Ukraine doesn’t intend to change delivery volumes. But parties haven’t discussed plans for 2017 yet. (Ukrainian metal)

Metals of Ukraine & Russia: bars (structural steel), April 2016

Month

Russian market, $/t, EXW, without VAT, $1/RUR64.3334*

min

max

March

497

497

April

497

497

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: UMCC still selling through Austrian company

The state enterprise United Mining and Chemical Company goes on exporting its products via Bollwerk Finanzierungs-und Industriemanagement AG, according to the data of ilmenite and titanium concentrate exports at Ukrainian ports. In particular, Bollwerk is the supplier of UMCC products in the ports of Odessa and Ismail. In January-April UMCC exported 14 thousand tons of…

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Metals of Ukraine & Russia: round billets (structural steel), April 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865*

min

max

March

281

281

April

326

326

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: Groysman likes Mariupol Ilyich environment project

Modernization program of Mariupol Ilyich Iron and Steel Works shows that in 2017 the ecological situation in Mariupol will start to improve. “In 5 years air pollution will meet European standards. We can only welcome this”, said the Prime Minister Vladimir Groysman, while visiting the works. According to Metinvest CEO Yuri Ryzhenkov, the group continues…

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

Month

Russian market, $/t, EXW, without VAT, $1/RUR64.3334*

min

max

March

358

515

April

440

542

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: Dneprometiz appoints chairman

Supervisory board of Dneprometiz has appointed Anatoly Frishman chairman of the board. According to the company statement, Frishman has been appointed until the next annual meeting of the shareholders. He owns no company shares. In late March Frishman has been appointed member of the board. In 2015 Dneprometiz received 60.86 million UAH of losses. The…

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Ukraine: two customs allowed to export scrap

Dniepropetrovsk Administrative Court of Appeals has cancelled the decision of the previous court on the prohibition of scrap export from Dniepropetrovsk and Kherson customs of the State Fiscal Service. “We’re looking forward to the State Fiscal Service reaction”, said Ceramet. The company also hopes that the Kiev Administrative Court of Appeals makes the same decision.…

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Ukraine: EMSS elects chairman

Supervisory board of Energomashspetsstal has appointed Andrei Nikipelov chairman of the board. Nikipelov is also the general director of Atomenergomash (Russia). In 2015 EMSS received 3210.12 million UAH of losses, having decreased its net income by 7.9% YoY, or by 105.69 million UAH, to 1231.61 million UAH. The company specializes in the production of special…

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Ukraine: Metinvest ends March 2016 with $91 million EBITDA

In March Metinvest EBITDA was on the level of $91 million.

According to the company statement, it has increased its revenues by 10.21% MoM, or by $43 million, to $464 million.

In February Metinvest EBITDA totaled $42 million. (Ukrainian metal)

Ukraine: AMKR and Metinvest among world largest metal companies

In 2015 three Ukrainian companies entered the list of world’s largest metal companies. The first place, as in 2014 held ArcelorMittal, owner of ArcelorMittal Kriviy Rih. Last year the corporation produced almost 100 million tons of steel. Evraz Group dropped from 22 to 25 with 14.35 million tons of steel. The group owns Evraz Dneprovsky…

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

Month

Russian market, $/t, FCA, without VAT, $1/RUR64.3334*

min

max

March

62

148

April

62

165

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Russia: MMK announces AGM results

Magnitogorsk Iron and Steel Works on May 27, held its Annual general meeting of shareholders (AGM) in Magnitogorsk. The AGM approved of MMK’s annual report and financial statements for FY 2015 and resolved to pay a dividend for the 2015 financial year of RUB 0.31 per common share of issued stock (incl. tax). Earlier shareholders…

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Ukraine: criminal gets largest lithium deposits

One of the largest lithium deposits in Europe, situated in Kirovograd region, has been given to Ukrainskiye redkiye metally LLC (Ukrainian rare metals).

On May 20, Kirovograd regional council voted to allow the company to work at the deposits. The company is believed to be connected with Alexander Pavlyuchenko, a well-known criminal. (Ukrainian metal)