Mr. Igor Prasolov, minister of Economic Development and Trade of Ukraine, said that Donetskstal Iron and Steel Works will receive a soft loan of $320 million for the replacement of the open hearth steel production by electric furnace under the government program to support the development of the internal market. Mr. Prasolov said that “In…
Ukrainian iron and steel holding Metinvest spent $750 million on 99.8% of the Zaporizhstal Group. Metinvest said in its annual report that it bought a further 74.9% of Zaporizhstal Group, which used to be known as Industrial Group, for $512 million last year. Metinvest’s stake in Zaporizhstal Group increased from 24.9% to 99.9% during 2012…
Ukrainian president Mr. Viktor Yanukovych during his visit to Zaporizhzhia region said that modernization of the mining and metallurgical complex should proceed in line with European environmental standards to make it possible to solve the environmental problems of the regions where MMC companies operate, and to start launching the relevant environmental programs. Mr. Yanukovych during…
According to the State Statistics Committee of Ukraine, in January-March 2013 Ukraine did not export any steel scrap, while in the same period of last year the country exported 123,900 tons of scrap. In January-March of the current year Ukraine’s scrap imports increased by 84.6% YoY to 36,000 tons. (SteelGuru)
In June 2013 Ukraine’s crude steel production is expected to rise by an estimated 1.5% compared to April 2013 to 2.790 million tons. Pig iron output in Ukraine will total 2.530 million tons in June, up by 5.8% compared to April, while Ukrainian production of rolled steel is expected to total 2.55 million tons, up…
Zaporizhstal has successfully adopted the production process of new types of roll formed sections made of stainless steel grade used for building Ukrainian railroad passenger cars and superfast electric trains, under the order forwarded by PJSC Kriukovskiy Coach Building Works (KCBW) to its Hot Rolling Strip Mill Production Shop. Zaporizhstal ships about 2000 tons of…
According to the company’s preliminary results, Zaporizhstal’s finished steel product output increased by 2.9% to 269,000 tons, while its crude steel production increased by 1.6% to 320,100 tons, both year on year basis. In addition, in the given month Zaporizhstal saw a 2.6% YoY growth in its pig iron output to 270,300 tons. (SteelGuru)
In the first 4 months of the current year Ukraine registered a 2.5% increase in its finished steel product output to 9.280 million tons, a 0.6% decrease in its crude steel output to 11.058 million tons and a 0.7% rise in its pig iron production to 9.670 million tons all YoY, according to the data…