In September Metinvest decreased its corrected EBITDA by 3.75% MoM, to $128 million. Thus, Metinvest has been showing positive EBITDA for 8 consecutive months. From November 2015 till January 2016 its EBITDA was negative. The group revenue in September totaled $565 million, up from $555 in August. The corrected EBITDA of the metal division for…
DetailsEvraz is selling its stevedoring company in the port of Nakhodka – Evraz NMTP. The company has been looking for buyers of its terminals for a couple of years now. The port is a non-profile asset for Evraz, and its sale could decrease the company debt burden (net debt as of late June – $5.3…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR62.9* min max September 599 800 October 599 800 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal) Dear colleagues! From 2017 the monthly metal price monitoring…
DetailsThe Russian Vnesheconombank (VEB) is not a Zaporizhstal shareholder. “VEB is not our shareholder, you can look at our shareholders register”, the company CEO Rostislav Shurma answered, when asked about the VEB decision to create a separate subsidiary company containing all the metallurgical assets. When asked who owned the second stake apart from Metinvest, he…
DetailsIn January-October raw cobalt output in Russia went up by 61.6% YoY.
According to the Federal Service of State Statistics, in October raw cobalt production increased by 18.3% YoY, but dropped by 1% MoM. (Ukrainian metal)
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max September 440 451 October 484 490 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal) Dear colleagues! From 2017 the monthly metal price monitoring…
DetailsThe state enterprise Ugol Ukrainy (Coal of Ukraine) has given out 27.6 million UAH to clear October salary debts of miners in Lviv region. According to the Lviv regional state administration deputy chairman Rostislav Zamlynsky, this money will allow clearing of 37% of October debts. Previously Ugol Ukrainy provided 16.2 million UAH to pay September…
DetailsIn January-October Ukraine consumed 25550.7 thousand tons of coal, up by 9.5%, or by 2.21million tons, YoY. According to the Ministry of energy and coal industry, in October coal consumption dropped by 1.5 thousand tons YoY, to 2.63 million tons. In 2015 Ukraine consumed 28.63 million tons of coal, down by 17.6% YoY, or by…
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Interpipe has produced the first order at the new line of railroad wheel treatment, put into operation in October. According to the company statement, the order was produced for the Bulgarian state railroads. The total number of wheels is 240. 850 mm KLW-brand wheels have been produced according to EN 13262. This is the first…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* Export, Ukraine, $/t, FOB Black sea ports min max min max min max September 344 531 318 421 345 365 October 391 518 343 387 375 385 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16…
DetailsSeverstal-Gonvarri-Kaluga has processed over 400 thousand tons of products since it was put into operation in 2010. The company offers cutting services to clients. In 2013 it received an additional line for billet production and a new manufacturing complex with the area of 6350 square meters was constructed, increasing the warehouse area by 4 thousand…
DetailsZaporizhstal lacks iron ore from the Zaporozhye Iron Ore Complex due to the shortage of railroad cars. “This month we are some 30 thousand tons of ore behind. This means we will not receive 50-60 thousand tons of concentrate”, the company CEO Rostislav Shurma said. The works has been experiencing the lack of cars for…
DetailsMonth Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max September 340 441 October 306 362 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal) Dear colleagues! From 2017 the monthly metal price monitoring…
DetailsOAO Minsk Motor Plant (MMZ, managing company of MMZ Group) plans to complete the first stage of a project to build a high strength cast iron plant in Stolbtsy (Minsk region) in Q2 2017. The first stage includes three launch units: the first unit (cylinder block liner facility with annually capacity of 8,000 units) was…
DetailsArcelorMittal Kriviy Rih has finished capital repairs of its wire mill-150. The mill has been put into operation and the manufacturing process has started. “The task of the mill is to produce one of the main AMKR products: steel wire rod. The overhaul of the mill will let the shop work more efficiently and increase…
DetailsThe Mariupol Ilyich Iron and Steel Works CEO Yuri Zinchenko has again severely criticized the Polish top-managers of Ukrzasliznystia and their idea to increase transportation tariffs in 2017. “The least favorable forecasts have come true. The decision to increase prices for cargo transportation next year has been officially confirmed. The tariffs will increase by 25%”,…
DetailsIn 2016 Electrozinc, a part of UGMK, plans to increase output by 9.5 thousand tons YoY. In November the works intends to produce 7.3 thousand tons of zinc and 8.2 thousand tons in December. The total output for 2016 is expected to reach 72.5 thousand tons, up by 15% from the plan. December will be…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 440 440 424 424 October 440 440 416 422 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsKuzbassrazrezugol’s Kaltanskaya Energeticheskaya Processing Factory has reached project capacity.
This is the company’s only factory that processes T-grade coal. It was put into operation in January 2015, and since then has processed 3.8 million tons of coal.
Now the factory is working at full capacity, processing 250 thousand tons of coal per month. (Ukrainian metal)
In 2017 Kolmar intends to increase output by 56.7% YoY, to 5.8 million tons. According to the company CEO Sergey Shevelev, in 2018 it plans to produce 9 million tons of coal, with 12 million tons in 2019 (7 million tons being coking coal concentrate). Kolmar’s balance reserves are estimated to exceed 1 billion tons…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 493 493 403 403 October 491 491 440 440 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsModernization at Nizhni Tagil Iron and Steel Works goes on. In particular, the company replaces machinery in the round billet shop. After the overhaul its capacity will increase 2-fold, the quality will improve and the range of products will be expanded. The technical characteristics of the new line by far exceed the existing ones and…
DetailsMonth Russian market, $/t, DDP, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, DDP, $1/UAH25.496* min max min max September 775 995 850 970 October 775 1025 900 990 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…
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