In 2015 Zaporozhye Titanium and Magnesium Works paid 43.1 million UAH of dividends to the state. Last year the company received 112.8 million UAH of net profits. 75% of the profits (84.6 million UAH) were spent to pay dividends, 20% – on the works development and 5% remained in the reserve fund. “Despite the tough…Details
Three mines in the Russia-supported terrorists-occupied Gorlovka are operating in life-supporting mode, while another one has been flooded.
For the last two years miners received only 3-months worth of salary. At the same time Artemugol received some Russian money to clear June salary debts. (Ukrainian metal)
Supervisory board of ArcelorMittal Kriviy Rih has appointed Clark David George (a citizen of Australia) its chairman. He is the technical director and strategy head of ArcelorMittal. On July 15, the supervisory board dismissed Davinder Chugh from the office of the chairman, as this month he turned 60 and he could leave the corporation. (Ukrainian…Details
The Federation of Ukrainian Metallurgists has noted the success of the Ministry of economic development and trade policy in protecting local metal manufacturers interests on foreign markets. “We thank the ministry for the help in protection from antidumping investigations in India, Pakistan, EEU, for the work on free trade zones with Turkey and Israel, for…Details
Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854*
* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Metinvest has approved of the continuous casting machine reconstruction project of Mariupol Ilyich Iron and Steel Works. The repair will cost $150 million. This project will make the converter shop of Ilyich work at full capacity. After the construction of the new continuous casting machine Ilyich steel output will increase by 1-1.5 million tons, to…Details
The Association of Ukrainian Ferroalloy Producers has asked the Cabinet of Ministers, the President Administration and the National power and housing utilities state regulation committee to return electricity prices to December 2015 (1.23-1.52 UAH per kW-h) and prohibit their increase in 2016-2021. “For the past several months the electricity tariffs for industrial manufacturers have been…Details
In June Ukrainian companies received 299 thousand tons of scrap, up by 5% MoM, or by 13 thousand tons. According to the state enterprise Ukrpromvneshexpertisa, the increase was the result of the traders quickly selling their stocks in fear of the further drop in local market purchasing quotations. In June local metal companies decreased their…Details
Month Russian market, $/t, DDP, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, DDP, $1/UAH24.854* min max min max May 640 940 760 900 June 720 975 810 930 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the…Details
Dneprovsky Iron and Steel Works is going to repair a number of large machinery, including its blast furnace No. 9. In January-June the works was forced to keep its machinery idle because of the money deficiency, problems with fuel and raw materials deliveries, and the tense situation in the East. “Forced idleness was used to…Details
In the first half of 2016 PJSC “Zaporizhstal” increased tax transfers to the budgets of all levels, and paid to government 1.6 billion UAH of taxes. For the same period in 2015 tax payments amounted to 1.4 billion UAH. The transferred amount includes taxes, fees and other mandatory payments to the budgets of all levels…Details
The decisions of the Eurasian Economic Commission of June 2, are suspended in order to let the Eurasian intergovernmental council study the matter. In late May EEC decided to impose antidumping duties on ferrosiliomanganese from Ukraine for 5 years. The duties amounted to 26.35% of the customs price. The compensational investigation was started on December…Details
The Cabinet of Ministers has approved of appointing Andrei Dyachenko the general director of the state coalmining enterprise Lvivugol.
Previously Dyachenko worked as the acting general director of the company.
In March the Ministry of energy and coal industry announced Dyachenko the winner of the competition for the office of Lvivugol CEO. (Ukrainian metal)
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max May 512 731 521 571 422 569 June 558 783 521 571 422 569 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to…Details
The Cabinet of Ministers allowed the privatization of the Buzhanskaya mine, a part of Volynugol. The corresponding decision has been stated in the decree of July 22. For the past three years the mine has been profitless. Its accounts receivable for 2015 total 82.42 million UAH, in particular, 56.36 million UAH to the state budget…Details
Metinvest-Promservice has started repairing the sintering machine No. 4 within the framework of the Mariupol Ilyich Iron and Steel Works sintering factory reconstruction.
“We have already disassembled the main machinery and started assembling new gas-purifying panels”, said the company CEO Mikhail Rubtsov. (Ukrainian metal)
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* Export, Ukraine, $/t, FOB Black sea ports min max min max min max May 346 588 436 525 390 430 June 442 588 352 441 370 380 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16…Details
In June Ukraine produced 78.6 thousand tons of ferroalloys, down by 14.9% MoM, or by 13.8 thousand tons.
According to the Association of Ukrainian Ferroalloy Producers, in January-June ferroalloys output increased by 3.2% YoY, or by 15.1 thousand tons, to 489.9 thousand tons. (Ukrainian metal)
In June Ukraine exported $33.14 million tons of steel pipes, with imports on the level of $6.13 million.
According to the State Fiscal Service, the largest importer of Ukrainian pipes in June was Russia ($10.55 million).
In January-June Ukraine exported $186.83 million worth of steel pipes, while imports totaled $57.29 million. (Ukrainian metal)
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max May 237 241 228 285 275 297 275 320 June 237 237 247 284 230 280 235 280…Details
In January-June Poltava Mining and Processing Works exported 5.74 million tons of iron ore pellets. Products went mostly to Europe and Near East countries, as well as to Japan, China and Korea. Central GOK exported 1.1 million tons of pellets. In H1 2016 PGOK produced 5.72 million tons of iron ore pellets, with CGOK producing…Details
In June Ukraine exported $195.82 million worth of steel semi-finished products, while imports reached $0.71 million.
According to the State Fiscal Service, in June the main importer of Ukrainian semis was Italy ($70.07 million).
In January-June Ukraine exported $1102.36 million worth of steel semis, with imports on the level of $5.61 million. (Ukrainian metal)
On July 19, the quotation committee of the Ukrainian Stock Exchange decided to exclude Donetskkoks shares from the exchange list. The decision came into effect on July 20. The exclusion followed the rules of the Ukrainian Stock Exchange due to the registration of the issuer as the private joint-stock company. Since July 1, the Ukrainian…Details