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The authorities have found money to pay May salary to Selidovugol miners. 10 million UAH will constitute 14% of the May debts. Thus those working underground will get 400 UAH each, those above ground – 80 UAH. So 7 miners continue their hungry strike and are not going to stop it, as the May debt…
DetailsMonth Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* min max April 327 327 May 422 422 * – 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)
DetailsInterpipe has been hiring young specialists without industrial experience but capable of training and self-development. “We’re creating a team of professionals from other well-known companies in the CIS and people with no experience, but wanting to learn”, said the company R&D director Gennady Yesaulov. In particular, employees without experience are needed in steel production. “We…
DetailsArcelorMittal Kriviy Rih will shut down one of its blast furnaces; two coking batteries and a sintering shop because they don’t correspond to the environmental directives of EU according to BAT. “Ukraine has no BAT norms as yet, but AMKR European companies have already switched to them”, said the company environmental director Liana Maksimenko. AMKR…
DetailsThe sole primary aluminum producer in Ukraine – Zaporozhye Aluminum Works – plans to renew manufacture of aluminum wire rod in August. “The works is taking all the necessary actions to start producing aluminum wire rod”, said the company in its statement. During its halt the company has lost its leading positions on the European…
DetailsAccording to the State Fiscal Service, in January-June Ukrainian metal companies imported 45.04 thousand tons of hot-briquetted iron valued at $7.18 million, up 7 times and 4.3 times YoY respectively. In June Ukraine imported 0.62 thousand tons of HBI, with 17.63 thousand tons in May, 12.82 thousand tons in April, 11.99 thousand tons in March…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR66.0825* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max min max April 334 527 304 351 308 602 318 478 May 460 596 456 477 421 652 418 586 * –…
DetailsRussian steel makers Severstal and MMK Group may lose $80 million and $60 million on EBIDTA margin respectively because of the EU duties on steel products, according to an analytical review by Aton. These losses account for about 5% of consensus-forecast on EBITDA for Severstal in 2016 and up to 4% for MMK, analysts said.…
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