According to the European Commission documents, the European Union may lower import duties for Interpipe, the Ukrainian maker of pipes, for the second time since July.The European Commission passed a draft resolution to the EU Council that envisaged cutting the duty to 13.8% from 17.7%. The tax was decreased to 17.7% from 25.1% last month.…
According to the figures, issued by Ukraine’s Cabinet of Ministers, in the January to July period of the current year Ukrainian companies produced 1.252 million tons of steel pipes, down by 4.8% YoY. In July Ukraine’s steel pipe production increased by 8.3% compared to June to 156,200 tons. (SteelOrbis)
According to the data, issued by Ukraine’s Cabinet of Ministers, in the January to June period of the current year Ukrainian exports of semi-finished steel products decreased by 10.4% YoY to 5.163 million tons.exports of semi-finished steel products from Ukraine decreased by 36.5% in June compared to May to 753,770 tons. On the other hand,…
Alchevsk Iron and Steel Works finished H1 2012 with net loss of UAH 140.5 million versus net profit of UAH 42.4 million in H1 2011. The volume of sales reduced by 24.7% YoY to UAH 9.4 billion over this period. The company decreased gross loss by 74.8% YoY to UAH 150.5 million.As reported, Alchevsk Iron…
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…
Ukrainian steel production fell 4.3% in June from the previous month on slower Asian and European demand.Mr. Pavlo Perkonos, the chief analyst at the Kiev-based researcher, said output of the alloy slid to 2.79 million metric tons from 2.92 million tons in May. Steel production was 2.72 million tons in June 2011.He said that steel…
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…