In January-March Metinvest companies produced 1.99 million tons of steel, up by 19% YoY and 17% QoQ. In particular, Yenakievo Iron and Steel Works produced 501 thousand tons of steel, while Mariupol Ilyich Iron and Steel Works – 715 thousand tons, with Azovstal producing 783 thousand tons, up by 91%, 21% and down by 4%…Details
The board of directors of Norilsk Nickel recommended for the AGM approval the dividend payment for the full financial year 2015 in the amount of RUB 230.14 per one ordinary share. The total dividend distribution will amount to approximately $548 million. The board of directors has also proposed to set the dividend record date on…Details
The first deputy minister of Natural Resources of the Khabarovsk region Vyacheslav Kovalyov met the CEO of Amur Minerals Thomas Bouwens. They discussed of cooperation during the development of Malmyzhskogoe gold-copper-porphyry deposit. Thomas Bouwens thanked the government of the Khabarovsk region for the support of the investment project and expressed his determination to continue the…Details
Because of the lack of railroad cars Avdiivka Coke and Chemical Works had to decreased coke output by 10%, or by 800 tons per day. “We had to decrease our output even though metal companies were in need of coke. We have enough raw materials, but we simply can’t deliver our products”, said the company…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max February 408 624 521 561 513 658 March 402 638 521 561 422 569 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to…Details
Zaporozhye Titanium and Magnesium Works was granted the right to supply spongy titanium to the Italian producer of aerospace and biomedical titanium wares TiFast. According to the company statement, it has passed the TiFast audit and received EN 9100 certificate that meets world aerospace standards. “For ZTMK TiFast is the second global company after Chinese…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max February 408 591 325 335 315 320 315 330 March 424 608 322 376 400 460 400 460…Details
Yasinovskiy By-product Coke Plant estimates its orders this year on the level of 980 million UAH. The company EBIT is expected to total 285 million UAH of losses. The plant intends to invest 22 million UAH into development and repairs. In 2015 Yasinovskiy Coke produced 420 thousand tons of 6% moisture bulk coke, down by…Details
Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056*
* – 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)
ArcelorMittal Kriviy Rih hosted an annual shareholders meeting.
According to the reports, last year AMKR received 46.26 billion UAH of net income, with net profits totaling 1.38 billion UAH. Shareholders decided to spend the profits on the company development.
The shareholders meeting at AMRK is held annually not later than April 30. (Ukrainian metal)
According to the company statement, EMSS will produce 12 back up rolls for hot- and cold-rolled mills. The total weight of the rolls to be delivered this year is 240 tons. (Ukrainian metal)
In 2015 Vostochny Mining and Processing Works received 13.27 million UAH of profits.
According to the Ministry of economical development and trade, the company CEO salary in 2015 totaled 462.6 thousand UAH. Alexander Sorokin has been the general director of VostGOK since 2008. The company produces 3.3% of the world uranium. (Ukrainian metal)
Month Russian market, $/t, DDP, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, DDP, $1/UAH26.218056* min max min max February 694 954 691 760 March 644 886 721 792 * – 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…Details
In January-March Kharkiv region increased its industrial product output by 5.2% YoY. According to the State Statistics Service, mining products output went up by 3.7%, that of coke – by 27.7%, and of metal wares – by 26.8%, all YoY. Experts say that the situation in the region is stabilized, companies are working as best…Details
Shareholders of Zaporozhye Aluminum Works have dismissed Anna Matis from the office of the supervisory board chairman and appointed Natalia Pavlyuk, a representative of the State Property Fund, instead. According to the company statement, Alexei Arnautov and Jana Tikhonova, as well as the State Property Fund representatives Natalia Kharina, Irina Lepyavko, Anastasia Mankovskaya and Svetlana…Details
In March Ukraine produced 1149 thousand tons of 6% moisture bulk coke, up by 7.3% MoM, or by 78 thousand tons.
According to Metallurgprom, in January-March bulk coke output increased by 35.2% YoY, or by 861 thousand tons, to 3310 thousand tons. (Ukrainian metal)
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max min max February 285 554 284 362 March 298 507 290 362 * – 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…Details
The supervisory board of Stalkanat-Silur has reelected Vladimir Nemirovsky its chairman.
According to the company statement, Nemirovsky has been in this office since June 27, 2014. He owns 50% shares of the company. His office has been extended for 3 years.
Magnitogorsk Iron and Steel Works announces that Moody’s Investors Service has upgraded the company’s corporate family rating to Ba1 from Ba2 and probability of default rating to Ba1-PD from Ba2-PD. The assigned rating corresponds with the sovereign rating of Russia and brings MMK to the club of Russia’s metals & mining majors – Severstal, NLMK…Details
Avdiivka Coke and Chemical Works, Metinvest and Avdiivka city council have signed an agreement on social partnership for 2016. According to the document, financing of social programs will be increased to 9.5 million UAH. The agreement was signed by Metinvest CEO Yuri Ryzhenkov, Avdiivka Coke general manager Musa Magomedov, the city mayor Yuri Cherkasov and…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max February 178 225 142 188 180 193 175 193 March 192 225 155 206 235 250 190 250…Details
Krasnodonugol is preparing to rent state assets for free. It would be the first private company to get the official permission to use state property free-of-charge. The Commercial Court of Lugansk Region has allowed the company to make amendments to the agreement on the rent of Krasnodonuglepostavka, signed back in 2006 by the State Property…Details
Head of the Verkhovnaya Rada Committee on industrial policy and entrepreneurship Victor Galasyuk has asked the President of Ukraine Petro Poroshenko to sign the decree #3868. The decree provides for the tri-fold increase of scrap exports duty to eliminate the critical shortage of this raw material. “This decree will make Ukrainian metal companies constantly receive…Details
In 2015 AzovElektroStal received 2.87 billion UAH of losses, up by 22.47% YoY, or by 527.27 million UAH. According to the company statement, its net income in 2015 went down by 94.2% YoY, or by 301.24 million UAH to 18.55 million UAH. In 2014 AzovElektroStal received 2.34 billion UAH of net losses, having decreased its…Details