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In 2015 Metinvest received $1 billion of net losses, while in 2014 it got $159 million of net profits. According to the company statement, the negative financial results are connected with the drop in revenues, depreciation of trade and other accounts receivable, as well as the decrease of profits due to exchange rate differences. “These…
DetailsIn January-March DTEK companies produced 7.2 million tons of coal (up by 5.8% YoY), generated 9.8 billion kWh of electricity (down by 10.9%), transmitted 12.1 billion kWh of electricity via networks (down by 0.5%) and produced 381.1 million cubic meters of natural gas (up by 47.7%). “Recently, the progress of the energy sector reforms has…
DetailsMechel 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…
DetailsMonth 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…
DetailsThe 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…
DetailsMonth Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max March 251 316 April 282 377 * – 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)
DetailsThe 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…
DetailsMonth 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…
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