In January-May Azovstal Iron and Steel Works produced 1.32 million tons of rolled metal, up by 2% YoY. According to the company statement, steel smelting increased by 4.8%, to 1.47 million tons, that of pig iron – by 4.6%, to 1.26 million tons, all YoY. Because of the closing down of sinter factory, the works…
Supervisory board of Krasnogorovka Refractory Works has reelected Revaz Djodjua general director for 1 year. According to the company statement, in 2014 it received 1.95 million UAH of losses, having decreased its net income by 59.91% YoY, or by 131.49 million UAH, to 87.99 million UAH. Financial results for 2015 have not been disclosed. (Ukrainian…
Donetsk Iron and Steel Works can soon stop its operation completely. Because of the railway strike the works can’t get pellets and supply pig iron. “We have pellets stocks for a couple of days”, said a source at the works and added that one of the blast furnaces had been stopped. (Ukrainian metal)
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max March 195 289 April 205 289 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
The Arbitrary court of Moscow has denied Vadim Varshavsky, the ex-owner of Estar, his claim to Mechel to hand over Daveze Limited shares, which owns Donetsk Electrometallurgical Plant. Estar bought DEMZ and some other assets in 2009 from Istil Group for $1 billion. Alfa-Bank financed the deal, and when Estar wasn’t able to clear its…
Several iron and steel works, situated on the Ukraine-uncontrolled territories of Donetsk and Lugansk regions, have been stopped because of the Donetsk railway strike. A week ago railroaders went on a strike demanding their salaries to be paid. Alchevsk Iron and Steel Works has temporarily closed-down all of its blast furnaces. Yenakievo Iron and Steel…
For the past several years Metinvest invested over 45 billion UAH into development of its companies. “We have completely modernized the Yenakievo Iron and Steel Works, we’ve implemented cyclic-and-continuous technology at all our GOKs. We put into operation PCI machines at Ilyich. We’ve modernized Azovstal continuous cast machines”, said the group CEO Yuri Ryzhenkov. Metinvest…
In April Nikopol Ferrolloy Plant produced 65.6 thousand tons of silicomanganese, up by 18% MoM, or by 10 thousand tons. At the same time ferromanganese output dropped by 95.3% MoM, or by 6.1 thousand tons, to 0.3 thousand tons. In January-April NZF produced 221.8 thousand tons of silicomanganese, up by 2.7% YoY, or by 5.9…