Metinvest BV announced that it has exercised an option to purchase a 50% stake in the Industrial Group’s mining and metals business.As a result, Metinvest and a group of investors have consolidated more than a 50% stake in Zaporizhstal’s shares.The option to acquire the remaining 50% interest in the Industrial Group’s mining and metals business…
In January to June the crude steel production of ArcelorMittal Kryvyi Rih, the Ukrainian subsidiary of the global steel giant ArcelorMittal, totalled 3.1153 million tons, up by 17.5% YoY.In addition, in the first six months of 2012 ArcelorMittal Kryvyi Rih registered a 13.6% increase YoY in its finished steel output to 2.6835 million tons. During…
Azovstal Iron and Steel Works, one of Ukraine’s leading steel makers, in the first half of 2012 increased its net loss 8.2 times YoY to UAH 1.2 billion. Gross loss totalled UAH 717.1 million in H1 2012 versus gross profit at the level of UAH 372.1 million in H1 2011. The revenue from sales decreased…
According to the data issued by Ukraine Cabinet of Ministers, in the January-May period of the current year Ukrainian exports of semi-finished steel products decreased by 7.8% YoY to 4.409 million tons.Meanwhile, exports of semi-finished steel products from Ukraine increased by 32.3% in May compared to April 1.187 million tons. On the other hand, in…
In August 2012 Ukraine’s crude steel production is predicted to total 2.68 million tons, down by 4% compared to June.Pig iron output in Ukraine will amount to 2.3 million tons in August, down by 5.3% YoY, while production of rolled steel in the given month is expected to total 2.45 million tons, down by 1.5%…
According to the data issued by Ukraine’s Cabinet of Ministers, in the January to May period of the current year Ukraine registered a 16.3% increase YoY in its long steel product imports to 164,500 tons. In May alone Ukraine’s long steel product imports increased by 17.1% MoM to 37,980 tons.In the January to May period…
Ukrainian steelmaker Alchevsk Iron and Steel Works, a subsidiary of the Ukrainian steel producer Industrial Union of Donbass, plans to reduce its production of rolled steel products in July by 15% compared to June to around 250,000 tons. (SteelOrbis)
Ukrainian steel pipe and railway wheel producer Interpipe has stated that in the current year its subsidiary Interpipe Novomoskovsk Pipe Works plans to increase its production by 7.5% YoY to 235,000 tons of pipes. In 2011 the mill increased its pipe production by 20% YoY to 218,600 tons.The company supplies 30% of its produced pipes…
