Export prices for metal products at Ukrainian ports were almost
unchanged from October, 3rd to October, 10th.
Showing posts with label Ukrainian metal prices. Show all posts
Showing posts with label Ukrainian metal prices. Show all posts
10/15/13
5/5/10
Metinvest hikes iron ore prices for Ukrainian steel mills
It is reported that in April Ukrainian mining and steel producing company Metinvest Holding doubled on YoY basis its iron ore materials prices for domestic consumers.
Mr. Alexander Ryzhenkov, chairman of the board of the Ukrainian steelmaker Donetskstal, said that starting from April it had receives pellets from Metinvest iron ore subsidiary Severniy GOK at the price of $140 per ton. In April last year the price of this product was $70 per ton.
In 2009 the cost of raw materials produced by Ukrainian companies for local consumers was regulated by the terms of the memorandum of understanding signed between Ukrainian government and the country mining and metallurgical companies. In accordance with this document, the miners should freeze their prices at the level of late 2008. However, in the same document signed for Q2 2010 this condition was absent.
Metinvest has not yet commented on its new prices. However, according to market experts, in line with the global uptrend in raw material prices, new higher prices have entered the Ukrainian market as well. Meanwhile, Ferrexpo supplies its material to Eastern and Central Europe at $130-140 per ton while in China spot prices for iron ore concentrate exceed the level of $180-190 per ton.
The high raw material prices could be a real disaster for the Ukrainian steelmakers considering the still weak demand for their products, with the production costs for Ukrainian billet expected to increase to $600-650 per ton in such conditions. The raw material price increase will as usual, mostly affect steelmakers that do not have their own raw materials base such as the Mariupol Ilyich Iron and Steel Works and Zaporizhstal. (SteelOrbis)
Mr. Alexander Ryzhenkov, chairman of the board of the Ukrainian steelmaker Donetskstal, said that starting from April it had receives pellets from Metinvest iron ore subsidiary Severniy GOK at the price of $140 per ton. In April last year the price of this product was $70 per ton.
In 2009 the cost of raw materials produced by Ukrainian companies for local consumers was regulated by the terms of the memorandum of understanding signed between Ukrainian government and the country mining and metallurgical companies. In accordance with this document, the miners should freeze their prices at the level of late 2008. However, in the same document signed for Q2 2010 this condition was absent.
Metinvest has not yet commented on its new prices. However, according to market experts, in line with the global uptrend in raw material prices, new higher prices have entered the Ukrainian market as well. Meanwhile, Ferrexpo supplies its material to Eastern and Central Europe at $130-140 per ton while in China spot prices for iron ore concentrate exceed the level of $180-190 per ton.
The high raw material prices could be a real disaster for the Ukrainian steelmakers considering the still weak demand for their products, with the production costs for Ukrainian billet expected to increase to $600-650 per ton in such conditions. The raw material price increase will as usual, mostly affect steelmakers that do not have their own raw materials base such as the Mariupol Ilyich Iron and Steel Works and Zaporizhstal. (SteelOrbis)
4/23/10
Ukrainian steel billet sellers caving in as buyers move back
It looks like Ukrainian steel billet sellers have broken the market for themselves. A lot of companies were keeping out of the market till the last time expecting to get some premium to the price.
When players came to the market with the price of $645-660 per ton, it was just not accepted. It became obvious that the situation on the market is not a mirror of the year before last year as supplies of finished longs for the last months were just led by semis.
Offers at $635-645 per ton, even $600, were shots in the air without real demand. When suppliers started to come back to the market buyers moved back from $625-630 per ton, that they were ready to pay a weak before, to $600- 620 per ton. (Steelprices-Europe)
When players came to the market with the price of $645-660 per ton, it was just not accepted. It became obvious that the situation on the market is not a mirror of the year before last year as supplies of finished longs for the last months were just led by semis.
Offers at $635-645 per ton, even $600, were shots in the air without real demand. When suppliers started to come back to the market buyers moved back from $625-630 per ton, that they were ready to pay a weak before, to $600- 620 per ton. (Steelprices-Europe)
Labels:
Ukrainian metal prices
4/6/10
Ukraine steelmakers agreed to fix Q2 prices at April 1 level
It is reported that the Ukrainian government and the country's mining and metallurgical companies have agreed to fix the Q2 2010 domestic steel prices at the level of April 1st 2010.
The agreement was reached within the memorandum of understanding between the parties from November 2008, the prolongation of which was signed on April 1st 2010. The local steel prices in Ukraine increased amid their growth in foreign markets. In March the steel products prices on the Ukrainian domestic market increased by about 30% MoM while their production costs are by 1.5 times to 2 times lower compared to the pre-crisis level.
In order to be able to keep steel product prices at the current levels, those who agreed to the memorandum also agreed that there is a need to fix prices for raw materials, including iron ore, ferroalloys and coke.
According to Ukrainian financial-industrial group Altcom, by fixing the domestic steel prices, the steelmakers are helping the construction industry to emerge from crisis. A slight recovery was registered in the Ukrainian construction industry; however, most of the companies do not have steel products in stocks, and the growth of steel product prices would lead to a rise in the cost for housing, as well as to an adjustment towards increase of costs of infrastructure projects, including projects for Euro 2012. (SteelOrbis)
The agreement was reached within the memorandum of understanding between the parties from November 2008, the prolongation of which was signed on April 1st 2010. The local steel prices in Ukraine increased amid their growth in foreign markets. In March the steel products prices on the Ukrainian domestic market increased by about 30% MoM while their production costs are by 1.5 times to 2 times lower compared to the pre-crisis level.
In order to be able to keep steel product prices at the current levels, those who agreed to the memorandum also agreed that there is a need to fix prices for raw materials, including iron ore, ferroalloys and coke.
According to Ukrainian financial-industrial group Altcom, by fixing the domestic steel prices, the steelmakers are helping the construction industry to emerge from crisis. A slight recovery was registered in the Ukrainian construction industry; however, most of the companies do not have steel products in stocks, and the growth of steel product prices would lead to a rise in the cost for housing, as well as to an adjustment towards increase of costs of infrastructure projects, including projects for Euro 2012. (SteelOrbis)
Labels:
Ukrainian metal prices
3/24/10
Ukrainian mills ink slab sale deals
It is reported that 2 major Italian buyers of slabs have finally booked slabs from Ukrainian mills at $560 FOB Black Sea.
As per market information, these deals were followed by London-based trading house, who also booked at similar levels.
Considering freight component of $25 per ton, costs of slabs CFR FO Italy works out to $685 per ton.
If we add $35 per ton for re-rolling into HRC we end up with EXW cost of $720 per ton or EUR 535 per ton considering exchange rate of 1.347. (Steelprices-Europe)
As per market information, these deals were followed by London-based trading house, who also booked at similar levels.
Considering freight component of $25 per ton, costs of slabs CFR FO Italy works out to $685 per ton.
If we add $35 per ton for re-rolling into HRC we end up with EXW cost of $720 per ton or EUR 535 per ton considering exchange rate of 1.347. (Steelprices-Europe)
Labels:
Ukrainian metal prices
3/23/10
Ukrainian mills hike their offers further on week opening
It is reported that Ukrainian Mills woke up in bullish mood on Monday morning and hiked their offers further for Europe.
Billets - $580 per ton FOB ST Black Sea.
Pig iron - $535 per ton CFR FO Italian port.
HRC - $635 per ton FOB ST Black Sea.
HRP - $700 per ton base CFR FO Italian port.
Slab - $565 per ton FOB Black Sea.
A major Ukrainian steel mill had closed on Friday the 19th with a price indication of $550 for slabs but on Monday the 22nd there was an increase twice, first to $560 and then a jump to $565 FOB Mariupol. This is because of a fight for supremacy between two giants, both of whom want slabs for Italy. (Steelprices-Europe)
Billets - $580 per ton FOB ST Black Sea.
Pig iron - $535 per ton CFR FO Italian port.
HRC - $635 per ton FOB ST Black Sea.
HRP - $700 per ton base CFR FO Italian port.
Slab - $565 per ton FOB Black Sea.
A major Ukrainian steel mill had closed on Friday the 19th with a price indication of $550 for slabs but on Monday the 22nd there was an increase twice, first to $560 and then a jump to $565 FOB Mariupol. This is because of a fight for supremacy between two giants, both of whom want slabs for Italy. (Steelprices-Europe)
Labels:
Ukrainian metal prices
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