Mechel reports that its chief financial officer Andrey Slivchenko is leaving the company following the completion of his two-year contract. “We are deeply grateful to Andrey Slivchenko for his huge contribution into our efforts on stabilizing the company’s financial situation. Andrey joined our team at a very complicated time and has well discharged the duties…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* Export, Ukraine, $/t, FOB Black sea ports min max min max min max March 275 395 273 282 340 390 April 315 472 282 356 430 485 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16…Details
The State Fiscal Service of Ukraine gives out permits for the export of scrap despite the decree of the District Administrative Court of Kiev. In particular, the Nikolayev Customs has given out electronic customs declarations to a Kiev and a Zaporozhye companies for scrap export. The end customer is a Turkish company. The court prohibited…Details
Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865*
* – 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)
The Ministry of energy and coal industry head Igor Nasalik says coal price can still grow. “Coal price should meet European price. We seek to increase the price”, he said. According to him, the coal industry is suffering from the lack of financing. The ministry is working on state subsidies, management quality increase, but still…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max March 422 670 521 561 422 569 April 446 673 521 561 422 569 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to…Details
The Ministry of energy and coal industry intends to close down 11 state mines. “We will shut down 11 mines. We have chosen 15 mines and can make them profitable; after that we will privatize them”, said the ministry head Igor Nasalik. The remaining 7 most profitable mines will remain in the state ownership. Last…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max March 202 236 161 214 235 250 190 250 April 202 236 183 243 280 285 275 300…Details
Zaporizhstal has successfully passed power management system resertification audit to meet ISO 50001:2011. The audit was carried out by the Technical and management services company, a partner of TUV SUD. The auditors have marked the high level of power management and prolonged the certificate for 3 years. For the past three years Zaporizhstal was able…Details
In 2015 Metinvest decreased investments by 54% YoY, to $285 million. “The holding carried on with its investment projects in accordance with the technological strategy”, said the company in its statement. Metal and mining divisions received 48% of investments each. Due to the conflict in the region priorities moved to the supporting projects and those…Details
The Ministry of energy and coal industry supports the idea of implementing coal mining rent. “We do support this rent, but not at the moment – some time later”, said the minister Igor Nasalik. The ministry sees this idea as a way to finance profitless mines at the expense of highly profitable ones. “We take…Details
Mariupol Ilyich Iron and Steel Works has found a way to decrease losses of air blast under low capacity or fanning. “Our specialists have found a way to decrease the minimal turbine turning frequency and steam consumption. This is also important as the blast-furnace gas becomes scarce, because of the drop in blast-furnace output. Thus…Details
Energomashspetsstal will produce a batch of rolls for Steinhoff GmbH (Germany). The company has already started making billets of supporting and working rolls for cold-rolling mills. “According to the contract, in July EMSS will supply 12 rolls weighing 66.5 tons to Germany. They will be completely treated here”, said the company in its statement. EMSS…Details
Magnitogorsk Iron & Steel Works (MMK) is pleased to announce that on May 23, the rating agency Fitch Ratings revised the outlook on its long-term issuer default rating (IDR) to positive from stable and affirmed the IDR at ‘BB+’. In its press-release Fitch notes that the positive outlook reflects MMK’s strong financial performance which allowed…Details
Within the order from Russia Khartsyzsk Pipe Works started producing large diameter pipes. The total weight of the order is around 100 thousand tons. The works, situated in the terrorist-occupied city of Khartsyzsk, belongs to Metinvest. In February it was visited by Putin’s henchman Surkov. Experts believe that the completion of this order for Russia…Details
Increase of Chinese iron ore indexes has positively affected Ukrainian iron ore export prices. Average price in April was $45 per ton, up by $11.5 per ton MoM, or by 34.4%. “Ukrainian export prices in May went up by 3-7%. But we believe, that in June it will turn into a decrease of 10-15% due…Details
Supervisory board of Dneprometiz has appointed Anatoly Frishman, CEO of Severstal-Metiz (Russia), its chairman.
Frishman has been appointed until the next annual meeting of the shareholders.
Chief accountant deputy of the company Lilia Dubovichenko has been appointed chairman of the revision committee. (Ukrainian metal)
Kola (subsidiary of Norilsk Nickel) has decommissioned the pelletizing and roasting sector (PRS), in effect abandoning the obsolete technology used since 1960s and shifting to copper-nickel concentrate briquetting. Kola completed this work in line with Metallurgical production facilities revamping program, specifically to improve the company’s environmental performance. The shutdown of the roasting area required major…Details
Ukraine’s EU export share accounts for 38.5%, up by some 6% YoY. At the same time its volumes in Q1 went down by 2.7% YoY. In January-April Ukraine exported $3.2 billion worth of products to EU ($3.7 billion together with services), mining and metal share was 20.5%. Iron ore, concentrate and ferroalloys deliveries decreased. (Ukrainian…Details
Ukraine has a unique transport potential around 1 thousand kilometers long – the river Dnieper, which crosses 8 regions and has 10 ports. In 2015 volume of Dnieper transportation totaled 5 million tons, or 0.5% of the total cargo transportation in the country. Most of the cargo is transported by automobiles (74%), the rest –…Details
In April Ukraine imported $7.62 million worth of manganese ore, while exports reached $0.41 million. According to the State Fiscal Service, one of the main suppliers of manganese ore to Ukraine in April was Ghana ($3.71 million). In January-April Ukraine imported $25.92 million worth of manganese ore, with exports on the level of $1.13 million.…Details
As of May 19, importers of pipes to Ukraine have used up 87.04% of the annual quota for the delivery of steel seamless casing and compressor pipes with the diameter up to 406.4 mm. According to the Ministry of economical development and trade, the quota from October 1, 2015 till September 30, 2016 is 19505…Details
In 2016 Ukraine will not be buying coal from the South African Republic, said the head of the Ministry of energy and coal industry Igor Nasalik. “We will stop buying coal. Under the current circumstances and taking into account our abilities, we no longer need to buy their coal”, said the minister. “Our stocks allow…Details
Zaporozhye Titanium and Magnesium Works has chosen the auditor company Audit-finansy to conduct its 2015 financial audit for 199 thousand UAH.
The offer was accepted on May 19. The audit is to be conducted within 60 days of the agreement signing.
5 other companies offered higher prices. (Ukrainian metal)
In January-March DTEK mined 7.2 million tons of coal, up by 5.8% YoY. According to the company statement, the output rise allowed processing factories to increase coal processing and concentrate manufacture – to 5.4 and 3.4 million tons respectively. In Q1 DTEK Rovenkiantrazit, DTEK Sverdlovantrazit and DTEK Komsomolets Donbassa Mine anthracite output increased by 120.4%…Details
In April bulk 6% moisture coke output in Ukraine totaled 1134 thousand tons, down by 1.3% MoM, or by 15 thousand tons.
According to Metallurgprom, in January-April Ukraine produced 4444 thousand tons of coke, up by 34.9% YoY, or by 1151 thousand tons. (Ukrainian metal)