Ukraine’s Cabinet of Ministers has introduced restrictions on exports of iron and steel scrap of 900,000 tons.The Cabinet resolution No 388 was signed on May 3.It is explained that the restriction is introduced on the basis of Article 9 and Article 12 of the law on scrap metal.It reads as “The cabinet approves iron and…
Ukrainian metallurgical companies have increased total net pretax loss in January to March 2012 3.6 times YoY to UAH 5.3 billion. Companies COGS per UAH 1 of production output has increased from UAH 1.025 in Q1 2011 to UAH 1.124 in Q1 2012, up by 9.7%.Mr. Vasiliy Kharakhulah, CEO of Metallurgprom, said sector performance had…
Mr. Oleksandr Liubarev, CFO of Donetskstal Group, a large Ukrainian coal, coke, cast iron and rolled steel manufacturer, said that the company expected that in 2012 the group would see $171 million in net profit, 45% less than on 2011.He added that thanks to the debt restructuring conducted last year, the debt burden in coming…
In January to April 2012 the crude steel production of ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of the global steel giant ArcelorMittal, totaled 2.0467 million tons, up by 11.8% YoY.In addition, in the first four months of the year ArcelorMittal Kryvyi Rih registered a 9.9% increase YoY in its finished steel output to 1.7608 million tons.…
According to the data, issued by Ukraine’s Cabinet of Ministers, in the first four months of 2012 Ukraine registered increase of 1.2% YoY in its finished steel product output to 9.659 million tons, a 0.6% rise in its pig iron production to 9.604 million tons, but a 4.7% decrease in its crude steel output to…
According to the information from Ukraine’s Ministry of Economy, importers of steel pipes to Ukraine used 89.05% of their annual quota for imports of steel seamless casing and tubing with diameters up to 406.4 mm.For the period from October 1, 2011 to September 30, 2012 the quota in question is 16,753 tons. Of this figure…
Ukrainian Mining and Metallurgical Company, a major metals trader, reported that demand for rolled metal products in Ukraine fell by 2.9% YoY in the first quarter of 2012 to 1.693 million tons.Mr. Vitaliy Kliuchnik, the company deputy CEO for sales, said “We estimate the Ukrainian market for rolled metal products amounted to 1.693 million tons…
Ukrainian steelmaker Dneprovsky Iron and Steel Works named after F. Dzerzhinsky, a subsidiary of the Ukrainian steel producer Industrial Union of Donbass, has stated that it plans to increase crude steel production in the current year by 10.9% YoY compared to 2011 to 3.551 million tons.In 2012 its production of pig iron will rise by…