In March Dneprospetsstal produced 21616 tons of steel and 14429 tons of rolled metal, up by 8.4% and by 9% MoM respectively. According to the company statement, the total cost of products manufactured in March reached 681.211 million UAH, up by 12.9% MoM. In Q1 DSS produced 61839 tons of steel and 41877 tons of…
Ukraine has cut off both electricity lines that fed Moldova Iron and Steel Works, according to the Transnistria minister of industry and regional development Nikolai Gliga. According to Ukrenergo power company both lines will have to be repaired. “These lines are used to feed the works in the smelting mode”, the minister noted. He says…
In January-February the share of metal and metal wares in the imports from foreign countries totaled 5.4% (5.6% in January-February 2015). According to the Federal Customs Service, the cost of the products increased by 23.5% YoY, and their volume – by 30.3%. Imports of ferrous metals and wares increased by 35.3%, while pipe deliveries dropped…
In January-March Beloretsk Iron and Steel Works, a part of Mechel, increased sales of metal wares with high added value. The highest rise was in rebars for construction (by 32% YoY). Sales of steel wire increased by 24%, of bearings – by 17%, of steel ropes – by 9%. “The increase in sales has to…
Metalloinvest has announced that Fitch Ratings (Fitch) confirmed the company’s long-term issuer default rating at ‘BB’ with a Stable outlook. In accordance with Fitch’s opinion reflected in the published release, Metalloinvest demonstrated financial resilience at times of volatile global pricing in iron ore and steel products and consistently reduced its absolute level of debt over…
In May Ukrainian metal companies intend to produce 1.8 million tons of steel. According to Ukrmetallurgprom, pig iron and rolled metal output could stand at 1.6 million tons each, provided the situation does not change. For April Ukrmetallurgprom forecast pig iron output on the level of 1.5 million tons, steel – 1.7 million tons, rolled…
The owner of Metalloinvest the billionaire Alisher Usmanov reported on the salary at the enterprises. For example, in Belgorod region, where the main enterprises of Metalloinvest are situated – Mikhailovsky and Lebedinsky GOKs and OEMK – the average salary is 24 thousand rubles, according to Rosstat. “At our enterprises the average wage is 41 thousand…
Ukrainian metal companies consider its fair to extend the term of the increased scrap export duty, as the raw material is scarce on the local market. According to Metinvest CEO Yuri Ryzhenkov, the group has wintered without a considerable shortage of scrap for the first time in three years. “We were able to get good…