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)
Much more about metal of Ukraine, Russia and other CIS-countries at https://metalukraine.com/

Interpipe becomes accredited employer of ACCA

Steel pipe and railway wheel producer Interpipe has passed the accreditation of the international Association of Chartered Certified Accountants. The status of Approved Employer demonstrates that the Company educational system and specifically the development of personnel in the financial department are in line with leading international practices.Mr. Oleksandr Cherniavskyi, CFO at Interpipe, said “The status…

MAY 2010

UKRAINE&RUSSIA: STEEL-MAKING PIG IRONUKRAINE&RUSSIA: FOUNDRY PIG IRON UKRAINE&RUSSIA: ROUND BILLETS UKRAINE&RUSSIA: SQUARE BILLETS UKRAINE&RUSSIA: ROLLED WIRE Month Russian market, $/t, $1/RUR31.38* Ukrainian market, $/t without VAT, $1/UAH 5.33* min max min max April 474.82 602.29 553.47 863.04 May 557.68 712.24 962.48 1039.21 Month Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black…

Zaporizhstal reduces HRC export offer

It is reported that Zaporizhstal has pulled down its export offers for hot-rolled coils of July production by $100 per ton in comparison with the recent month. July production material is offered at $550-560 per ton.Traders said the manufacturer had no other choice. Other Ukrainian producers are not ready to announce the prices. Ilyich Steel…

Ilyich and Metinvest combination could create one of world’s top steel firms

Ukrainian analysts said a likely combination between the Mariupol Ilyich Iron and Steel Works and the Metinvest conglomerate would create one of the world’s top 20 steel firms.Mr. Andrei Gerus, head of consulting at Concorde Capital, says Metinvest is currently the world’s 30th biggest steel producer. It is also the world’s seventh biggest iron ore…

Donetskstal halts BF due to price fall

Donetskstal (DMZ) stops the second of its two blast furnaces because of price fall at steel markets and price growth at raw materials market.Today the furnace is in the stopping stage reported recently by the deputy head of press department Ms. Julia Revyakina. According to her words, the furnace is stopped for a period around…