Magnitogorsk Iron and Steel Works on May 27, held its Annual general meeting of shareholders (AGM) in Magnitogorsk. The AGM approved of MMK’s annual report and financial statements for FY 2015 and resolved to pay a dividend for the 2015 financial year of RUB 0.31 per common share of issued stock (incl. tax). Earlier shareholders…
DetailsOne of the largest lithium deposits in Europe, situated in Kirovograd region, has been given to Ukrainskiye redkiye metally LLC (Ukrainian rare metals).
On May 20, Kirovograd regional council voted to allow the company to work at the deposits. The company is believed to be connected with Alexander Pavlyuchenko, a well-known criminal. (Ukrainian metal)
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max March 195 289 310 325 305 325 April 205 289 375 425 375 425 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16…
DetailsUkraine imports 4 million tons of coal from the occupied territories of Donbass per year. “The vice-prime-minister on occupied territories deals with these deliveries. Our ministry is not engaged”, said the Ministry of energy and coal industry head Igor Nasalik. Due to the military conflict in Donbass Ukraine has lost access to most mines there.…
DetailsScrap export duty increase is a temporarily and forced action taken with the country interests in mind, says deputy minister of economical development and trade, the trade representative of Ukraine Natalia Mikolskaya. According to her, for EU scrap exports from Ukraine are not economically important, as it consumes very little of Ukrainian scrap. “That’s more…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max min max March 283 654 376 376 April 317 659 376 376 * – 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…
DetailsEnergomashspetsstal has concluded an agreement with Azovstal to supply working rolls for section rolling mills. EMSS will produce 28 rolls with the total weight of 268.5 tons. “The rolls will be used at rolling mills that produce rails, beams, channel, angles and other metal. According to the agreement, EMSS will deliver the rolls in Q2-Q3”,…
DetailsOn June 17, Kiev will host the “Scrap metal: sources and market trends” conference. Scrap procurement and sales are having hard times. Export limiting decrees have made the market uncertain and nervous and the conflict with metal makers even deeper. The conference will deal with scrap procurement under such difficult circumstances, prospects of scrap export…
DetailsElectricity exports to Europe could stop at any time, resulting in the loss of sales markets for Ukrainian coal companies, those with mines in Lviv-Volyn region in particular. This will affect financial and social-economical situation in the coal industry of the whole country. According to the energy expert Valentin Zemlyansky, at present due to the…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max min max March 313 533 302 324 April 327 560 290 340 * – 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…
DetailsStepnaya mine of DTEK Mine Group Pervomayskoye has put a new long face into operation. The gas-generating coal reserves of 900 thousand tons will keep miners busy for the next 10 months. The company plans to mine on average 3100 tons of coal there. Investments into the long face machinery totaled 70 million UAH. (Ukrainian…
DetailsDniepropetrovsk Tube Works stands idle because of the absence of billets. At the same time the works has orders for pipe manufacture. It just waits for the billets to start production. In January-April DTZ produced 7.1 thousand tons of pipes, up by 73.2% YoY, with 2.4 thousand pipes in April. In 2015 the works decreased…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max min max March 393 393 319 319 April 425 425 426 426 * – 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…
DetailsMariupol Ilyich Iron and Steel Works has finished capital repairs at its blast furnace No. 4 and intends to put it into operation. “Its capacity is 3800 tons of pig iron daily”, said the company in its statement. The blast furnace was stopped in late 2015, the capital repairs started in March. “It’s early to…
DetailsArmy of dignity has stopped a truck laden with non-ferrous radioactive pipes at the exit from the Chernobyl zone. According to the activists, there were several trucks driving out of the zone, but only one was stopped. There were also a couple of luxury-class cars. According to the drivers, the cargo was checked at two…
DetailsMonth Russian market, $/t, DDP, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, DDP, $1/UAH25.1865* min max min max March 644 886 721 792 April 650 890 760 900 * – 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…
DetailsIn January-April Donetsk region (without the Antiterrorist operation zone) industrial output went up by 9.6% YoY, with April results growing by 2.4% MoM and 8.7% YoY. Metal output increased by 10.4%, mining – by 21.4% and coke – 1.6 times, all YoY. Coal mining went up by 21.8% YoY, to 5.2 million tons. Pig iron…
DetailsIn 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…
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Month |
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)
The 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…
DetailsThe Ministry of energy and coal industry intends to close down 11 state mines. “We will shut down 11 mines. We have chosen 15 mines and can make them profitable; after that we will privatize them”, said the ministry head Igor Nasalik. The remaining 7 most profitable mines will remain in the state ownership. Last…
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