Ukraine: Krasnodonugol drives Metinvest out of supervisory board

Shareholders of Krasnodonugol have recalled Metinvest B.V. from the supervisory board.

Instead they have elected Metinvest Holding CEO Yuri Ryzhenkov, metal division director Alexander Pogozhev, acting financial director Julia Dankova, legal director Svetlana Romanova and financial control director Olga Khazimova. All of them have been elected for 3 years. (Ukrainian metal)

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

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056*

min

max

February

221

274

March

241

304

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: miners not paid wages in full

In March salary debts to miners were 70-75% cleared. Salary debts have been partially cleared at Selidovugol and Volynugol. Lvivugol received 17.2 million UAH from the state and decided to spend 10 million UAH from coal sales to pay salary, so, it was able to clear 88% of the debt. Krasnoarmeyskugol miners still haven’t received…

Details

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

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056*

min

max

February

281

281

March

270

270

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: metal output up in January-April 2016

In January-April Ukrainian metal companies produced 8.23 million tons of carbon steel, up by 16.4% YoY. Pig iron output increased by 22.3%, to 7.87 million tons, that of rolled metal – by 17.1%, to 7.22 million tons, coke output went up by 34.9%, to 4.44 million tons, while that of steel pipes dropped by 10.4%,…

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Ukraine: Metinvest an example of extraordinary resilience of Ukrainian people

United States Ambassador to Ukraine Geoffrey Pyatt has said that Metinvest in Mariupol is the example of extraordinary resilience of Ukrainian people According to the press release, the largest environmental project in Ukraine, sinter plant modernization, was demonstrated to the U.S. diplomat during his visit to the Mariupol Ilyich Iron and Steel Works. Pyatt was…

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Ukraine: Petrovsky changes name and ownership

Shareholders of Evraz – Dniepropetrovsk Iron and Steel Works named after Petrovsky have decided to change the company name to Evraz Dneprovsky Iron and Steel Works.

According to the company statement, they have also changed the ownership of the company from public joint-stock company to private joint-stock company. (Ukrainian metal)

Metals of Ukraine & Russia: squares (ordinary steel), March 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056*

min

max

February

362

362

March

362

362

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

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

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056*

min

max

February

278

346

March

295

368

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: Ogneupornerud profits in 2015

In 2015 Ogneupornerud received 27.79 million UAH of net profits.

According to the company statement, its net income went down by 0.4% YoY, or by 0.36 million UAH, to 90.69 million UAH. (Ukrainian metal)

Ukraine: DFDK ends 2015 with losses

In 2015 Dokuchaevsk Flux-Dolomite Complex received 198.36 million UAH of losses.

According to the company statement, its net income fell 8 times YoY, to 63.19 million UAH. (Ukrainian metal)

Ukraine: EMSS to supply press equipment parts to Russia

Energomashspetsstal has concluded an agreement with the largest heavy mechanical presses manufacturer Tyazhmekhpress (Russia) to supply spare parts.

According to the company statement, it will produce a con-rod weighing 71 tons. The delivery will take place in June. (Ukrainian metal)

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

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056*

min

max

February

207

207

March

209

209

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: ZZF ferroalloys output up in March 2016

In March Zaporozhye Ferro Alloys Plant produced 23.9 thousand tons of ferroalloys, up by 14.9% MoM, or by 3.1 thousand tons.

According to the Association of Ukrainian Ferroalloy Producers, in January-March ferroalloy output at ZZF decreased by 19.9% YoY, or by 15.3 thousand tons, to 61.4 thousand tons. (Ukrainian metal)