Turkey is interested in privatizing Ukrainian mines and is prepared to invest into coal industry development. “We had an interesting meeting with our Turkish partners. They can help us financially to revive the industry. They also plan to take an active part in our mine privatization”, said the energy and coal industry minister Igor Nasalik.…Details
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Volnogorsk Mining and Processing Works has chosen Hydrospetsservice for the tailing dump clearing at Skazhenaya gorge for 12.14 million UAH. The total volume of the work is 2 million cubic meters, thus it costs 6.07 UAH per cubic meter. Last year the company ordered this work at the same price. (Ukrainian metal)Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max min max February 302 360 292 292 March 315 374 307 307 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the…Details
Novokramatorsk Machine-Building Works has shipped the coil winder bed to ArcelorMittal Temirtau (Kazakhstan). According to the company statement, the machinery is used to make coils of hot-rolled strips on the 1700 mill, produced at NKMZ some 50 years ago. The weight of the equipment is around 80 tons. NKMZ specializes in the production of rolling,…Details
The annual effect of natural gas savings in the blast furnace shop at the Mariupol Ilyich Iron and Steel Works has exceeded 2.6 million UAH. “The authors of the invention are the workers of the blast furnace shop and technical management. They have found a way to decrease natural gas consumption”, said the company CEO…Details
Energomashspetstal will produce a forming roll for ArcelorMittal Galaty (Romania). According to the company statement, the billet for the production of the forming roll weighing 355 tons has been made in the arc-furnace shop. The forming roll will be completed by November. The net weight of the product after treatment will reach 160 tons, while…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max min max February 253 622 362 362 March 269 622 362 362 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the…Details
Eneromashspetsstal will produce equipment for Starokramatorsky Machine-Building Works. In particular, EMSS will produce four spare parts weighing 53 tons. “We plan to deliver the upper drum, the bottom sprocket and the gear in the third quarter”, said the company in its statement. SKMZ specializes in the production of processing, precision, press-forging and materials-handling machinery. (Ukrainian…Details
Yuzhniy Mining and Processing Works has given 10.1 million UAH for beautification of Kriviy Rih and social projects in 2016. “We have been signing agreements on social partnership with UGOK for 6 years in a row. The present agreement covers three districts”, said the city mayor Yuri Vilkul. According to the company CEO Konstantin Fedin,…Details
Norilsk Nickel announces changes in the company’s management structure, which are aimed at the improvement of Norilsk Nickel’s performance. A new position of senior vice president is introduced into the company’s organizational structure. Andrey Bougrov holds the position. Furthermore, the following persons are appointed to the positions of senior vice presidents – heads of units:…Details
In 2016 Yasinovskiy By-Product Coke Plant plans to get 980 million UAH worth of orders. According to the company statement, it also expects to receive 285 million UAH of losses. Capital investments are expected on the level of 22 million UAH. The money will be spent on equipment and machinery repairs. In 2015 the works…Details
Shareholders of Mariupol Ilyich Iron and Steel Works have decided to increase the supervisory board from 1 member to 5. According to the company statement, Yuri Ryzhenkov, Alexander Pogozhev, Julia Dankova, Svetlana Romanova (all of them top-managers at Metinvest Holding) and Julia Samoylova (chief legal advisor on corporate finances) have been appointed to the supervisory…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max min max February 25 31 19 21 March 28 35 30 32 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the…Details
In 2015 Dniepropetrovsk Metal Construction Works named after Babushkin received 155.32 million UAH of losses, up by 29.8% YoY, or by 35.63 million UAH. According to the company statement, its net income fell by 40.3% YoY, or by 21.64 million UAH, to 32.03 million UAH. Its assets totaled 258.41 million UAH, with accounts receivable on…Details
In early May Donetsk Iron and Steel Works put its blast furnace #1 into operation. It’s a complex process, and at any moment it could be stopped because of the raw materials supplies instability. Alchevsk Iron and Steel Works also intended to put a blast furnace into operation, but wasn’t able to do it. The…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max min max February 410 410 362 362 March 410 410 362 362 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the…Details
In 2015 ArcelorMittal Kriviy Rih invested over $200 million into development. “If we take the highly unstable exchange rate into account, then we have invested more that $200 million”, said the company CEO Paramjit Kahlon. According to him the works has finished the construction the pulverized coal injection complex at its #9 blast furnace, overhaul…Details