The international rating agency Fitch has confirmed the B-rating of Finest Trading Co Limited (Cyprus), the holding company of the Donetskstal group. Fitch has confirmed the long-term default rating in foreign and domestic currency on the level of B, at the same decreasing the national long-term rating of the company from AA (ukr) to A+…
In the first nine months of the current year the crude steel production of ArcelorMittal Kryvyi Rih, the Ukrainian subsidiary of the global steel giant ArcelorMittal, totaled 4.7639 million tons, down by 0.06% YoY, as announced by the company. In addition, in the first nine months of the year ArcelorMittal Kryvyi Rih saw a 3.1%…
Export prices for metal products at Ukrainian ports were almost unchanged from October, 3rd to October, 10th. Billets prices (FOB Black sea) remained at the level of $495 per ton, reinfrocement bars – $565 per ton, rolled wire – $570 per ton. Neither did the price of slabs ($490 per ton), nor cold-rolled coils ($610…
On September, 23rd, DEMZ started working again. In August Mechel sold DEMZ to Vadim Vishnevskiy for 2 thousand euros. The buyer also has to pay all the DEMZ debts ($81 million) to Mechel. Varshavskiy bought DEMZ in 2008 for $700 million, but couldn’t return the credit and the Plant was taken by Alfa-bank. In May…
Steel consumption in Ukraine in 2013 is expected to decrease by 7.9% compared to 2012, to 5.8 million tons, according to Hans Jurgen Kerkhoff, the head of World Steel Association’s economic committee.He says in 2014 Ukraine is expected to witness an increase in steel consumption by 4.3% as compared to 2013, to 6 millin tons.…
In January-September the British Ferrexpo Plc., owner of the Poltava Mining-extracting works, increased its pellets output by 12.5%, to 8.048 million tons, YoY. In particular, the total output of pellets with 62% iron content increased by 10.2% to 4.343 millin tons, while the output of pellets with 65% iron content increased by 15.3% to 3.705…
Zaporizhstal, a part of the Metinvest Group, considers the Russian market to be important for the company and intends to continue metal supplies to it and continue to meet the needs of Russian customers.Mr. Rostyslav Shurma, director general of Zaporizhstal, said at a press conference in Zaporizhia on the occasion of signing a contract with…
In the first nine months of the current year Ukraine registered a 7.7% decrease in its metallurgical coke output to 13.306 million tons, according to the data issued by Ukraine’s Cabinet of Ministers.In September Ukraine produced 1.436 million tons of metallurgical coke, up by 11% year on year. (SteelOrbis/Ukrainian metal)