Ukrainian iron ore miner Ferrexpo has cut its December production outlook due to lower power supplies and will reduce spot sales to give priority to long-term contracts if the situation continues in the first quarter of 2015.
In November Ukraine produced 7017 thousand tons of iron ore and iron ore concentrate, up by 0.2%, or by 13 thousand tons, MoM.
Brazil will charge antidumping penalties on boron-added steel plate from China and Ukraine, Brazil’s Secex foreign trade bureau has decided, adding the product to such penalties on painted heavy plates.
In November Ukraine produced 1824 thousand tons of steel, down by 5%, or by 97 thousand tons, MoM.
In November Ukraine produced 1636 thousand tons of pig iron, down by 1.7%, or by 28 thousand tons, MoM.
In November Ukraine produced 1603 thousand tons of rolled metal, down by 2.4%, or by 39 thousand tons MoM.
In October Ukraine exported $30.73 million worth of ferrous metals scrap with imports on the level of $2.39 million.
In 2014 Ukrainian metallurgical companies are expected to cut steel production by 16.8%, to 27.2 million tons, YoY, while in 2015 – by 0.7% compared to the forecast figures for this year, to 27 million tons.