Licenses to Ukrainian scrap metals companies

It is reported that the Ministry of Industrial Policy of Ukraine granted non-expiry licenses for ferrous and non-ferrous metal scrap collecting and recycling to 47 companies as stated in the act of Ministry of Industrial Policy dated January 19th 2010.In particular, licenses are granted to Zaporozhvtormet, Poltavavtormet, Vtortsvetmet, Dnepropetrovskvtormet, Sumyvtormet, Vinnitsavtormet, Nikolaevvtormet, Kievvtormet, Volynvtormet, Ukrvtormet.In…

ArcelorMittal to invest over $200 million in Ukrainian mill

It is reported that ArcelorMittal, the world’s largest steel producer, plans to invest $200 million to modernize and boost efficiency at its Ukrainian steel mill in 2010.Mr. Jean Jouet, CEO for ArcelorMittal Kriviy Rih, said these plans could be derailed if the company continued to struggle in receiving value added tax refunds from Ukraine cash-strapped…

Ukraine issues ferroalloy import and export data for January

In January Ukraine exports of ferroalloys registered an increase of 10.3% to 97,390 tons compared to December 2009. Meanwhile, compared to January 2009, the country ferroalloy exports went up 5.9 times. Specifically, Ukraine ferrosilicomanganese exports increased by 2.9% to 62,000 tons, its ferromanganese exports went up two times to 14,300 tons while its ferrosilicon exports…

Mechel denies Donetsk-based ISTIL acquisition rumors

It is reported that Mechel, one of the leading Russian mining and steel groups, has denied the media rumors that it is in the process of acquiring the Ukrainian steel producer Donetsk Electrometallurgical Plant, the mini-mill previously known as ISTIL.Mr. Alexander Tolkach, director of Mechel’s department of communications, said “We categorically deny this information.”Donetsk Electrometallurgical…

Centravis issues 2009 results

The Cyprus-registered holding company Centravis Ltd. announced that in 2009 its Ukrainian seamless stainless steel tube producing subsidiary Centravis Production Ukraine, based in the Nikopol city, saw a 41.08% YoY decrease in its tube production to 9,771 tons. Meanwhile, in 2010 it is planned that the subsidiary will increase its output by 48.4% YoY to…

ArcelorMittal Kriviy Rih to invest over $200 million in 2010

According to Mr. Jean Jouet, CEO of ArcelorMittal Kriviy Rih, the Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, the company plans in 2010 to invest more that $200 million into the implementation of its modernization projects.Mr. Jouet said “After the slowdown in 2009, this year we intend to increase our…