Rusmet reported that the prices of flat steel products increased during last wee. Prices of Zaporozhstal jumped by UAH 140 per tonne and now its hot rolled sheets in 2mm to 8 mm thickness are costing UAH 4650 per tonne to UAH 4720per tonne, VAT 20% included. Hot rolled plates 10mm to 30 mm of…
According to Mr Alexander Babikov head of the company supervisory board, Ukraine Donetsk Electrometallurgical Plant, the mini mill previously known as ISTIL intends to restart its production operations in the second half of September. Mr Babikov said in September Donetsk Electrometallurgical Plant plans to produce 63,000 tonnes of square billets of which 50,000 tonnes will…
It is reported that the increase of steel production in Ukraine during few last months has led to coke deficit. The Ukrainian Coke Association estimates the deficit at 1.4 million tones till the end of the year. The coke coal extraction decreased by 8.6%YoY to 15.19mn tones. It will take half a year for the…
Azovstal Steel Plant operating under umbrella of Metinvest Group held an ecological tree planting campaign in the Generation Park of Ordzhonikidze District in Mariupol. The campaign was held as a part of the events dedicated to the plant’s 76th anniversary. Among the participants were representatives of the city management, employees of the plant representatives of…
Khartsyzsk Pipe Plant, which is under Metinvest Group umbrella, produced 61,370 tonnes of big diameter pipes in August. In August the plant continued producing the pipes of the following diameter 1. 1,0675.9 mm 0 with external and internal anticorrosion coating 2. 1,2202.5 mm 6 with external anticorrosion coating. 3. 21,4205.7 mm and 1,4206.8 mm, 10G2FB…
Ukrainian Journal reported that Ukraine steel industry reduced finished roll output 30%YoY in January to August to 17.072 million tonne. According to the report, the industry cut roll output 34%YoY in January to July and in January to June, so the latest figures indicate that the severe decline in the industry is still slowing. (Ukrainian…
Ukrainian Journal reported that Donetsk’s System Capital Management announced it boosted consolidated audited pretax profit 70% to USD 3 billion in 2008 from USD 1.786 billion in 2007. According to the report, consolidated gross income tax expenditure grew to USD 805 million from USD 379 million. (Ukrainian Journal)
For flats products Black Sea market looked somewhat stable this week with most of the quotes at previous week levels. But, it is reported that a major Ukrainian mill proposed their HRC offer to a MEA buyer at around USD 535 per tonne on CFR basis. This indicates lowering of offer levels by USD 20…