Metals of Ukraine & Russia: round billets (structural steel), August 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489*

min

max

July

346

346

August

346

346

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: metal companies investing in development

In H1 Ukrainian metal companies investments dropped by 16% YoY. According to the experts, this has to do with the gradual completion of investment programs, started in 2012-2013. In H1 the largest investments into their redevelopment were made by Zaporizhstal (820.9 million UAH), ArcelorMittal Kriviy Rih (743.6 million UAH) and Mariupol Ilyich Iron and Steel…

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Russia: OEMK produces 70-millionth ton of steel

The electric furnace shop of Oskol Electrometallurgical Works has produced the 70-millionth ton of steel.

According to the company statement, the output volumes were gradually increased with machinery and techniques modernization. (Ukrainian metal)

Metals of Ukraine & Russia: foundry pig iron, August 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489*

min

max

July

253

253

August

247

247

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: scrap 5% duty cancelled

The Verkhovnaya Rada of Ukraine has cancelled the 5% import duty on ferrous scrap. The new decree stipulates the zero imports duty instead of the current 5%. According to the industry committee head Victor Halasyuk, this is the second part of the help to the mining-metallurgical complex. “Our first step was to increase the export…

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