The largest recipient of VAT refunds in 2016 was ArcelorMittal Kriviy Rih, which received 8.03 billion UAH, the State Treasury Service has said. According to its data, it is followed by Mariupol Ilyich Iron and Steel Works with 3.77 billion UAH and Azovstal with 3.46 billion UAH. Among other major VAT refund recipients are Poltava…
DetailsIn December 2016 Zaporizhstal produced 264.6 thousand tons of pig iron, 305.4 thousand tons of steel and 267.4 thousand tons of rolled metal, all down by 25.2%, 13.5% and 11.9% YoY respectively. In January-December 2016 the output totaled 3600.2 thousand tons of pig iron, 3890.7 thousand tons of steel and 3367.9 thousand tons of rolled…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max min max October 49 58 54 62 November 47 57 54 62 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn January-November 2016 metal output in Murmansk region increased by 8.8% YoY. In particular, that of aluminum went up by 3.1% YoY, of copper – by 7%, of raw nickel – by 2.8% and of raw cobalt – 10.9 times. At the same tome metal wares manufacture dropped by 17.6% YoY. Thanks to the reconfiguration…
DetailsMonth Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max October 415 420 November 457 457 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
DetailsArcelorMittal Kriviy Rih announced its 2016 production results. The company successfully coped with the set task and achieved record production for the recent years – 7 million tons of steel in 2016. Previously such production level was reached in 2008. This ambitious goal, that the employees of the company strived to achieve for the whole…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max min max October 400 779 406 434 November 408 779 400 445 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsOJSC Magnitogorsk Iron and Steel Works (MMK) and Eurasian Resources Group (ERG), a leading diversified natural resources producer, have signed a strategic agreement for the supply of iron ore. The agreement provides for the supply of more than 30 million tons of iron ore, including pellets and concentrate, from the Sokolovsko-Sarbayskaya mine (JSC SSGPO, part…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max min max October 19 21 16 21 November 19 20 18 23 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsArcelorMittal Kriviy Rih has developed and put new casting technology into operation at LFCC. It is high carbon commercial quality steel 85 for production of wire rod with 0.82-0.89% carbon content at hybrid mill LSM-WRM-6 according to the pilot order (110 tons). The customer is the biggest consumer of high carbon wire rod and the…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max min max October 396 2173 420 420 November 396 2173 457 457 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsMariupol Ilyich Iron and Steel Works spent over 30 million UAH in 2016 on locomotive repairs. The company received the M62UP locomotive, repairs cost around 9 million UAH. According to the company CEO Yuri Zinchenko, the works specialists are preparing the locomotive to be put into operation. (Ukrainian metal)
DetailsRussian metal makers do not expect a major increase in demand in 2017 because of the low capacity loading, overproduction risks and the increasing protective measures on export markets. In early 2016 metal companies expected a drop in local demand, but by year-end theirs forecasts have grown considerably. In 2017 they await a small increase…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max min max October 410 553 342 386 November 410 577 431 431 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsThe government of Ukraine has ordered to privatize 68.0095% of shares of the Zaporozhye Aluminum Works, 75.224% of Turboatom and 99.999% of Oriana. According to the government order, the stakes in the above companies will have to be sold on transparent auctions by November 30, 2017. (Ukrainian metal)
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