Fitch Ratings shows rising raw material prices and VAT refund related liquidity concerns are exposing longstanding structural weaknesses in the Ukrainian steel industry and this could ultimately lead to a consolidation of producers.Mr. Peter Archbold, Senior Director in Fitch Industrials team, said “Given the challenges facing the Ukrainian industry at present, M&A transactions could represent…
Siemens VAI Metals Technologies will supply the ArcelorMittal Kriviy Rih in Ukraine with secondary metallurgical equipment, a six-strand billet caster and the requisite auxiliary systems. The order also includes a comprehensive service agreement under which Siemens VAI and DP Siemens Ukraine will provide services related to the local supply and service contracts for construction and…
According to the information issued by the Ukrainian Ministry of Economy, up to July 1st Ukraine utilized 37.37% of its annual quota for rebar exports to Russia and 97.53% of its yearly quota for cold-rolled steel exports to the same destination, supplying a total of 149,491 tons and 204,810 tons respectively.According to the agreement between…
It is reported that ArcelorMittal Kriviy Rih, Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, in June this year managed to keep its production at reasonable levels, with three out of five blast furnaces running, despite the continuing difficult market conditions and the decreasing number of orders. Mr. V. Vaideeswaran, acting…
According to Ukrtruboprom, the Dnipropetrovsk-based Ukrainian pipe producers’ association, steel pipe production in Ukraine grew by 5.5% YoY in January to June to 774,700 tons. June output was 132,100 tons. (Ukrainian Journal)Much more about metal of Ukraine, Russia and other CIS-countries at https://metalukraine.com/
According to Metallurgprom in June Ukraine reduced steel smelting by 13.5% MoM compared to May to 2.46 million tons, finished products – by 24.1% to 2.15 million tons. Thus, in H1 Ukraine produced 16.34 million tons of steel, which is 17.9% more than in the same period last year, and 14.53 million tons of finished…
Interpipe Niko Tube has successfully passed the second audit for pressure-operated pipes and vessels. The audit was carried out according to the demands of the European Equipment Directive, Pressure Equipment Directive 97/23/EC, and German instructions for pressure-operated capacities and boilers, AD 2000 Merkblatt W0. The audit was carried out by the international certifying agency TUV…
It is reported that in the H1 of 2010, the pipe producing subsidiaries of the Interpipe Corporation increased their steel pipe output by 95.5% YoY to 394,800 tons.Specifically, in January to June this year, Interpipe NTRP registered a 75% YoY increase in its steel pipe production to 163,900 tons, Interpipe NMPP saw its steel pipe…