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…
It is reported that in January to August 2009 Zaporozhye steel works Zaporozhstal has reduced output of finished steel products by preliminary data by 23.3% YoY in comparison with the same period of 2008 to 1.820 million tonnes. As per report, during January to August steel smelting at the works reduced by 25.7% to 2.170…
According to as a source in Cabinet of Ministers of Ukraine, in January to August 2009 in comparison with the same period of 2008 tube and pipe manufacturers of Ukraine have cut output by 38.4% to 10,60,400 tonnes In August 2009 it was produced 174,900 tonnes of tubes and pipes. The cabinet misters said we…
Interfax reported that the Metinvest holding’s Azovstal, one of Ukraine leading steelmakers saw roll output contract 33% oY to 2.564 million tonnes in January to August 2009 compared to the same period of 2008, including 446,800 tonnes in August. Crude steel production fell 33.6% to 2.781 million tonnes in the period, pig iron output declined…
According to Mr Ruslan Mazhinsky marketing director of UGMK, quantity of steel products imported to Ukraine during 7 months of 2009 decreased by 65% in comparison with the same period of 2008 and made 383,600 tonnes. It is noticed in the report that the most significant decrease was noticed for flat rolled products for hot…
The Ukrainian steelmaker ArcelorMittal Kriviy Rih announced that its refusal to prolong a contract for ferroalloy deliveries in the context of its reduced production rates has led its main ferroalloys supplier Zaporozhye Ferro Alloys Plant to take an action for the legal collection of about UAH 205.59 million from the company for pre payment for…
