ISD in debt restructures talks

Industrial Union of Donbass (ISD), one of Ukraine largest steel groups, is in talks with creditors to restructure its debts.ISD said in a statement that “ISD is holding successful talks with international banks and financial institutions regarding the restructuring of financial debt which is quite common for industrial companies during these hard times.”ISD declined to…

Ukrainian steel industry set for consolidation

Fitch Ratings shows rising raw material prices and VAT refund related liquidity concerns are exposing longstanding structural weaknesses in the Ukrainian steel industry and this could ultimately lead to a consolidation of producers.Mr. Peter Archbold, Senior Director in Fitch Industrials team, said “Given the challenges facing the Ukrainian industry at present, M&A transactions could represent…

ArcelorMittal Kriviy Rih orders secondary metallurgical equipment and billet caster from Siemens

Siemens VAI Metals Technologies will supply the ArcelorMittal Kriviy Rih in Ukraine with secondary metallurgical equipment, a six-strand billet caster and the requisite auxiliary systems. The order also includes a comprehensive service agreement under which Siemens VAI and DP Siemens Ukraine will provide services related to the local supply and service contracts for construction and…

ArcelorMittal Kriviy Rih June output

It is reported that ArcelorMittal Kriviy Rih, Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, in June this year managed to keep its production at reasonable levels, with three out of five blast furnaces running, despite the continuing difficult market conditions and the decreasing number of orders. Mr. V. Vaideeswaran, acting…

Ukraine steel pipe production in H1 up by 6% YoY

According to Ukrtruboprom, the Dnipropetrovsk-based Ukrainian pipe producers’ association, steel pipe production in Ukraine grew by 5.5% YoY in January to June to 774,700 tons. June output was 132,100 tons. (Ukrainian Journal)
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