Ukrainian mining group and steel producer Metinvest plans to shift its investment focus from iron ore to steel for the rest of this decade, as it sees value moving back from the raw material to the alloy.The company is planning to boost its steel production to 25 million tons by 2020 from 15 million tons…
In January to May 2012 the crude steel production of ArcelorMittal Kryvyi Rih, the Ukrainian subsidiary of the global steel giant ArcelorMittal, totaled 2.5487 million tons, up by 11.1% YoY.In the first five months of the year ArcelorMittal Kryvyi Rih registered a 6.4% increase YoY in its finished steel output to 2.1604 million tons. Pig…
Mariupol Ilyich Iron and Steel Works, one of Ukraine’s largest steel producers, schedules the shutoff of hot galvanizing machine #1 at the beginning of July. The decision is based on low demand from both domestic and international customers.Nevertheless, the company will keep running hot galvanizing machine #2. (Phoenix Capital)