It is reported that Zaporizhstal has pulled down its export offers for hot-rolled coils of July production by $100 per ton in comparison with the recent month. July production material is offered at $550-560 per ton.Traders said the manufacturer had no other choice. Other Ukrainian producers are not ready to announce the prices. Ilyich Steel…
It is reported that in January to May 2010 Ukrainian steelmaking companies increased export in comparison with the same period of the previous year by 10.8% to 10.238 million tons.However, May steel exports dropped in comparison with April by 3.6% to 2.244 million tons.During five months semi-finished steel products export decreased by 6.4% to 4.787…
It is reported that Mariupol Ilyich Iron and Steel Works, one of the three largest steel mills in Ukraine, plans to increase its statutory fund by 3.7 times to UAH 3.093 billion.The increase of the company statutory fund was put on the agenda of a general meeting of the company’s shareholders scheduled for July 1st.According…
Ukrainian analysts said a likely combination between the Mariupol Ilyich Iron and Steel Works and the Metinvest conglomerate would create one of the world’s top 20 steel firms.Mr. Andrei Gerus, head of consulting at Concorde Capital, says Metinvest is currently the world’s 30th biggest steel producer. It is also the world’s seventh biggest iron ore…
According to Mr. Ruslan Mazhinsky, marketing director of the trading and distribution company Ukrainian Mining and Metallurgical Company, in 2010 Ukrainian consumption of rolled steel products is expected to increase by 15-16% YoY to about 5.7 million tons.Mr. Mazhinsky said, in the first half of 2010 the Ukrainian domestic market was seeing demand growth mainly…
Donetskstal (DMZ) stops the second of its two blast furnaces because of price fall at steel markets and price growth at raw materials market.Today the furnace is in the stopping stage reported recently by the deputy head of press department Ms. Julia Revyakina. According to her words, the furnace is stopped for a period around…
Local newspaper Delo has reported citing Mr. Christophe Cornier, member of ArcelorMittal group management board, as saying ArcelorMittal Kriviy Rih intends to implement a project for processing oxidized ores.Mr. Cornier said “We produce 8 million tons of sinter per year and, with the introduction of oxidized ore processing technology, the production will double.”The management of…
According to the data released by metal trading enterprise Ukrainian Mining and Metallurgical Company (UGMK), in the first five months of 2010 Ukraine imports of rolled steel products increased by 122.7% YoY amounting to about 502,900 tons. In May Ukraine increased its imports of rolled steel products by 16.4% compared to April and by 74%…