Alchevsk Iron and Steel Works finished H1 2012 with net loss of UAH 140.5 million versus net profit of UAH 42.4 million in H1 2011. The volume of sales reduced by 24.7% YoY to UAH 9.4 billion over this period. The company decreased gross loss by 74.8% YoY to UAH 150.5 million.As reported, Alchevsk Iron…
Ukrainian steel production fell 4.3% in June from the previous month on slower Asian and European demand.Mr. Pavlo Perkonos, the chief analyst at the Kiev-based researcher, said output of the alloy slid to 2.79 million metric tons from 2.92 million tons in May. Steel production was 2.72 million tons in June 2011.He said that steel…
Metinvest BV announced that it has exercised an option to purchase a 50% stake in the Industrial Group’s mining and metals business.As a result, Metinvest and a group of investors have consolidated more than a 50% stake in Zaporizhstal’s shares.The option to acquire the remaining 50% interest in the Industrial Group’s mining and metals business…