Energy

Prices for ore and metal products have peaked,

Thursday, June 24, 2021

Yury Ryzhenkov, general director of Metinvest, Ukraine’s largest integrated metals company, told reporters yesterday at a press conference marking the company’s 15th anniversary. “Prices peaked at the end of May-June,” he said. “Now we are already seeing a decline in the market price for ore and metallurgical products. Most likely, the decline in prices for metallurgy will continue in the coming months.”

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Metinvest and ArcelorMittal object to the Rada’s move to raise royalties on iron mined in Ukraine.

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Through May, Ukraine’s iron ore exports dipped by 2% in volume, but doubled in value, to $3.1 billion,

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