Ukraine: state miners see no wages

As of September 21, salary debts to the employees of the state coalmining companies have reached 550 million UAH, according to the energy and coal industry minister Igor Nasalik.

He added that without 1 billion UAH planned in the state budget for 2017 it would be impossible to stabilize salary payments next year. (Ukrainian metal)

Ukraine: ZZhRK supervisory board renewed

Shareholders of Zaporozhye Iron Ore Complex have renewed its supervisory board, having dismissed three out of four members and replacing legal entities with individuals. According to the company statement, Minerfin A.S., owning 51.1698% of the company shares (Slovakia), KSK Consulting A. S. (19.0632%, Czech Republic) and the former Zaporizhstal commercial director Vladimir Bayda have left…


Ukraine: AMKR keeps on replacing financial directors

Igor Kublitsky, the deputy financial director-chief accountant of ArcelorMittal Kriviy Rih has been appointed acting financial director-chief accountant. According to the company official information, the previous acting financial director-chief accountant Pavel Zadorozhny, who has been in the office for a month, has been dismissed. Kublitsky has been appointed from September 20, 2016 till June 30,…


Ukraine: steel pipes output up in August 2016

In August Ukraine produced 74 thousand tons of steel pipes, up by 7.2% MoM, or by 5 thousand tons.

In January-August steel pipes output decreased by 4.9% YoY, or by 28 thousand tons, to 541 thousand tons. (Ukrainian metal)

Ukraine: pig iron output down in August 2016

In August Ukraine produced 1961 thousand tons of pig iron, down by 5.5% MoM, or by 114 thousand tons.

In January-August pig iron manufacture increased by 14.3% YoY, or by 1999 thousand tons, to 15963 thousand tons. (Ukrainian metal)

Ukraine: AMKR pays 4.8 million UAH to the city infrastructure development

ArcelorMittal Kriviy Rih paid 4.8 million UAH of the share contribution for the development of city infrastructure. Since 2008 AMKR has concluded 63 agreements of share participation with Kriviy Rih City Council. All the costs in full will be transferred to local budget for development of engineering-transport and social infrastructure of Kriviy Rih in correspondence…


Metals of Ukraine & Russia: scrap (grade 3a), July 2016


Russian market, $/t, FCA, without VAT, $1/RUR67.05*









* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: IGOK and VGOK subsidiaries estimated at 1.7 billion UAH

Grant Thornton has estimated the cost of Irshansk Mining and Processing Works and Volnogorsk Mining and Processing Works at 1.7 billion UAH. Thus the cost of the subsidiary assets has increased two-fold since 2014. “The estimate of the assets belonging to the United Mining and Chemical Company, the owner of the 2 GOKs, is a…


Ukraine: CGOK pellets output up in January-August 2016

In January-August Central Mining and Processing Works produced 1.57 million tons of pellets, up by 0.2% YoY.

According to a company representative, CGOK iron ore concentrate dropped by 15.4% YoY, to 3.55 million tons.

In August the company produced 213 thousand tons of pellets and 455 thousand tons of concentrate. (Ukrainian metal)

Ukraine: steel output down in August 2016

In August Ukraine produced 1903 thousand tons of steel, down by 7.6% MoM, or by 156 thousand tons.

In January-August steel output increased by 8.9% YoY, or by 1343 thousand tons, to 16379 thousand tons. (Ukrainian metal)