It is reported that the improving situation in the world steel market and the stabilization of companies’ profits have allowed Ukrainian steelmakers to restart their investments projects, which were initiated before the crisis but postponed in late 2008. Meanwhile, the market situation has forced Ukrainian steelmakers to switch their investment priorities from the increase of…
Interpipe Nyzhniodniprovsky pipe-rolling plant saw its net losses rise by 3.2 times or UAH 246.68 million in 2009 YoY to UAH 356.69 million.A company report on the holding of a general meeting of its shareholders scheduled for April 13 says that its undistributed profit last year grew by 3.5%, to UAH 1.183 billion.Over the year,…
METAL OF UKRAINE & RUSSIA: STEEL-MAKING PIG IRON, JANUARY 2010 Month Russian market, $/t, $1/RUR31.38* Ukrainian market, $/t without VAT, $1/UAH 5.33* min max min max December 286.81 323.45 469.04 506.57 January 286.81 323.45 469.04 506.57 Month Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max…
It is reported that Mechel, one of the leading Russian mining and steel groups, has denied the media rumors that it is in the process of acquiring the Ukrainian steel producer Donetsk Electrometallurgical Plant, the mini-mill previously known as ISTIL.Mr. Alexander Tolkach, director of Mechel’s department of communications, said “We categorically deny this information.”Donetsk Electrometallurgical…
The Cyprus-registered holding company Centravis Ltd. announced that in 2009 its Ukrainian seamless stainless steel tube producing subsidiary Centravis Production Ukraine, based in the Nikopol city, saw a 41.08% YoY decrease in its tube production to 9,771 tons. Meanwhile, in 2010 it is planned that the subsidiary will increase its output by 48.4% YoY to…
According to Mr. Jean Jouet, CEO of ArcelorMittal Kriviy Rih, the Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, the company plans in 2010 to invest more that $200 million into the implementation of its modernization projects.Mr. Jouet said “After the slowdown in 2009, this year we intend to increase our…
Mr. Sayyid Fahad bin Mahmood Al-Said Omani, Deputy Prime Minister for the Council of Ministers, said at a meeting with Mr. Petro Poroshenko, Ukraine Foreign Minister, that the Sultanate of Oman would not impose restrictive sanctions on Ukrainian steel products.Mr. Proshenko paid an official visit to the Sultanate of Oman on February 21st where he…
According to Mr. Taras Shevchenko, CEO of the Alchevsk Iron and Steel Works, the company has restarted full capacity operations at three of its four blast furnaces. Operations at two of the four BFs were stopped during the global economic crisis due to the shortage of raw materials, while the other two BFs were operating…