In November prices of industrial manufacturers increased by 2.2% MoM.
According to the State Statistics Service, in mining and quarrying price increase reached 4.4% MoM, including 10.5% in iron ore mining.
Prices in processing industry went up by 1% MoM, in particular of coke – by 3.2%, in metal manufacture – by 2.2%. (Ukrainian metal)
The forecast for the Russian steel sector in 2017 is negative due to weak domestic demand, international rating agency Moody’s said in a research note. The outlook for the European steel sector is also negative due to risks of “price falls and profitability pressures on the back of competition from cheap imports”, the agency said.…
DetailsAccording to the State Fiscal Service in January-November Ukrainian metal companies revenue from ferrous metals exports dropped by 11.8% YoY, to $6625.749 million.
In November revenues from ferrous exports reached $632.86 million.
Imports in January-November totaled $732.992 million, up by 13.9% YoY, with $58.416 million in November. (Ukrainian metal)
In 2016 DTEK financial results will be negative. “We will have losses, but not that much as in the two previous years”, the company CEO Maxim Timchenko said. The losses decrease has to do with the re-evaluation of the company credit portfolio, decrease in exchange risks and world coal price rise. “This year the situation…
DetailsChelyabinsk Iron and Steel Works, a part of Mechel, has given another loan to Mechel until June 22, 2022. According to the company statement, the value of the loan is 1.4 billion rubles. Mechel borrows money from its main metal works on regular basis. In January ChMK lent 1.3 billion rubles to its owner, 1.4…
DetailsMiners of the Uskovskaya mine were the first among Raspadskaya Coal Company divisions to reach the annual target of coal output, by yielding 2 million tons.
Uskovskaya coal is supplied to Evraz companies, as well as other metal and by-product coke enterprises of Russia, Asia and Ukraine. (Ukrainian metal)
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 52 60 52 59 October 51 60 54 62 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsAvdiivka Coke and Chemical Works has again been left without electricity after another shelling. “The last line was cut resulting in the complete halt of the works, electricity and heat generation. After the first line was put back into the grid, we started putting the works into operation. All the other lines will provide heating…
DetailsIn January-November Korshunovsky Mining and Processing Works, a part of Mechel, increased ore output by 4% YoY, or by 257 thousand tons, to 7.5 million tons. Korshunovsky quarry yielded 3.7 million tons of ore, with 3.8 million tons supplied by Rudnogorsky mine. Iron ore concentrate output increased by 1% YoY, to 2.5 million tons. Most…
DetailsIn November Beloretsk Iron and Steel Works, a part of Mechel, supplied 40 thousand tons of metal wares to it clients, up by 16% YoY, or by 5.8 thousand tons. Calibrated round stock saw the largest increase – 2-fold, wire and steel rope sales went up by 17%, nails – by 8%. Metal wares sales…
DetailsThe Ukrainian Association of secondary metals and resources (UAVtormetresurs) has addressed the prime minister of Ukraine asking him to cancel the decree on the increase of the scrap export duty from 10 euro per ton to 30 euro. The letter has also been sent to all the decree authors. According to the association, the cancellation…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max September 535 734 425 474 430 440 440 460 October 535 734 455 507 465 485 465 495…
DetailsAltayPolymetally Mining and Processing Works has been put into operation in the Karakalinsk district of the Karaganda region. The cost of the project is $400 million. Its capacity is 100 thousand tons of copper concentrate per year. 80% of the products are planned to be consumed on the local market, while 20% will be exported…
DetailsAccording to the deputy minister on uncontrolled territories and refugees Georgi Tuka the issue of coal purchases from the Kiev-uncontrolled districts of Donetsk and Lugansk regions has been over-politicized by the so-called hurrah-patriots. “Formally this cannot be named a purchase. This is a transportation of the coal mined at one DTEK division to another. There…
DetailsWithin the strategy of social partnership between DTEK and the towns where the group is present, all the schools of 7 villages of Dobropolye district have enough coal for heating. Coal deliveries to households have been 97.8% fulfilled. Village schools received 230 tons of coal, enough for the entire heating season. Moreover some 11.7 thousand…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 361 2203 424 424 October 409 2243 422 422 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsMuzhievo village near the Hungarian border has been mining gold since 1999 for 7 years. Now the mine will be repaired and some 500 people employed, thanks to Avellana Gold. “The project will be successful. If some locals treat it neutrally, those who have previously worked there support it now. Such enterprises offer higher wages.…
DetailsThe Ministry of Finances has admitted that while preparing the Tajik Aluminum Works 2010-2015 and H1 2016 operational results review it has made some mistakes. “In particular, export-import operations were stated in the company profits that have nothing to do with the company financial activity and, thus, cannot represent its financial state”, the ministry said.…
DetailsAll the companies of DTEK, situated on the occupied territories, are working under Ukrainian jurisdiction. “We have 8 companies on uncontrolled territories: mines, one power plant and network companies that transport electricity in the Donetsk region. All of them pay taxes to Ukrainian budget”, the company CEO Maxim Timchenko said. “We bring as much coal…
DetailsVostochny Mining and Processing Works has accepted the offer of the trading company Ingus for the delivery of 2900 kg of lubricating oils valued at 261.11 thousand UAH. 4 companies took part in the tender: Smart oil, Ingus, Agro-centr and Eco-service. Smart oil’s offer was the lowest – 210.93 thousand UAH, but it was rejected.…
DetailsThe Samarskaya mine of the DTEK Ternovskoye Mine Group has put a new long face (No. 184) into operation. The face length is 250 meters. It will be in operation until May 2017. Investments into the long face totaled 50 million UAH. By the year-end the miners plan to put another long face into operation.…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 37 44 31 36 October 37 44 33 39 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsProsecutors of Dnepropetrovsk region have initiated criminal proceedings against Evraz Sukhaya Balka for illegal mining of iron ore at the Yubileynaya mine. According to the prosecutors, the company has been illegally mining ore without corresponding documents since September. Sources say, Evraz Sukhaya Balka was officially idle in September and October because of the absence of…
DetailsIn January-September Russia produced 86637 tons of stainless steel, up by 3.3% YoY. Flat hot-rolled metal output went up by 6.7%, that of bars – by 47.5%, and of electric-welded pipes – by 19.1%, all YoY. At the same time cold-rolled flat metal output dropped by 13.5%, of round billets – by 41.2%, of wire…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max September 426 780 387 453 390 400 380 400 October 426 780 436 501 410 430 400 430…
DetailsNovolipetsk Iron and Steel Works could increase its capacities by 1-2 million tons per year.
At present the Lipetsk site is capable of producing 16 million tons of steel each year. The program will be carried out in 2-3 years.
The basic development plan doesn’t presuppose large investments, according to the company. (Ukrainian metal)