International vertically integrated mining and steel group Metinvest, owned by Ukrainian billionaire Rinat Akhmetov, has defaulted on its debt obligations, and the company is now in talks with its creditors, according to a company press release.
In January-March Ukraine exported 1830.14 thousand tons of carbon steel semi-finished products, down by 33.7% YoY. Or down by 46.7%, to $703.7 million.
In 2014 Ukrainian mining-metallurgical company (UGMK, Kiev) received 70.98 million UAH of profit.
Ukraine has extended its restrictions on steel seamless and compressor pipe imports until September 2016, the press service of the Ministry of Economic Development and Trade has said in a statement, referring to a decision by the Interdepartmental Commission on International Trade.
Energomashspetsstal (EMSS) has signed an agreement to produce and supply billets to FER Kladno s.r.o. (Czech Republic).
In March Yuzniy Mining and Processing Works (UGOK, Kriviy Rih), produced 971 thousand tons of concentrate, up by 9.46%, or by 83.9 thousand tons, YoY.
In 2014 Interpipe Nizhnedneprovsk Tube-rolling Plant (NTZ) increased its net losses 15.2 times, to 1020.52 million UAH, YoY (66.97 million UAH in 2013).
In 2014 Mezhdurechenskiy Mining and Processing Works (MGOK) produced 145 thousand tons of ilmenite concentrate with 42% Ti2O content, up by 97%, or by 71.4 thousand tons, YoY.