Ukraine steelmakers reduce losses by 30%

According to Mr. Vasyl Kharakhulakh, director general of the Metallurgprom association of Ukraine’s metallurgical enterprises, Ukrainian metallurgical enterprises finished January-October 2011 with a negative financial result from ordinary activities before tax of 1.9 billion UAH while during the same period last year it was 2.7 billion UAH.He said that the profitability of metallurgical enterprises for…

Ukrainian crude steel output expected to decline in January 2012

According to the Ukrainian association of metal producers Metallurgprom, in January next year Ukrainian crude steel production will decline to 2.82 million tons.According to Metallurgprom’s forecast, pig iron output in Ukraine will total 2.370 million tons in January, while production of rolled steel in the month is expected to be 2.510 million tons.In the first…