Ukrainian metallurgy to get $1 billion in investments for upgrades in 2011 to 2012

According to Mr. Andriy Klyuyev, Ukraine’s minister of economic development and trade and acting first deputy prime minister, Ukrainian government intends to attract $1 billion in investments for the modernization of the country’s metallurgical industry in 2011-2012.Mr. Klyuyev said “About $1 billion will be invested in 2011-2012 in the reconstruction of enterprises in the metallurgical…

IUD steelmaking subsidiaries issue January production results

It is reported that Alchevsk Iron and Steel Works and Dneprovsky Iron and Steel Works named after F. Dzerzhinsky (DMKD), the steelmaking subsidiaries of the Ukrainian steel producer Industrial Union of Donbass, have issued their preliminary production results for January.In the first month of 2011 Alchevsk Iron and Steel Works saw its crude steel production…

ArcelorMittal Kriviy Rih steel output down in January

Ukraine’s largest steel mill, owned by ArcelorMittal, cut crude steel production to 450,000 tons last month from 534,000 in January 2010.ArcelorMittal Kriviy Rih reduced pig iron output by 16% to 389,000 tons and cut rolled steel production by 9.5% to 406,000 tons. In 2010 the mill boosted steel production to 6.13 million tons from 5.04 million…

Ukrainian semi-finished steel exports in 2010 cross 11 million tons

It is reported that in 2010 Ukraine’s semi-finished steel product exports saw a slight decrease of 0.8% YoY amounting to 11.404 million tons valued at about $5.426 billion, while its imports of semi-finished steel products increased by 91% YoY to 472,580 tons valued at $285 million.In December 2010 Ukraine’s semi-finished steel product exports decreased by…

AzovElectroStal increases output in 2010

It is reported that AzovElectroStal, a Ukrainian steel maker affiliated with Azovmash, increased output by 2.4 times YoY in 2010. Company also plans further expansion in 2011.According to a Millennium Capital analyst, “We consider the news as positive for Mariupol Heavy Machinery controlled by Azovmash. Earlier the latter announced plans to increase output of freight…