It is reported that steelmaking companies in Ukraine plan to cut their pig iron smelting by 1.3% to 2.270 million tons, steel smelting by 1.4% to 2.720 million tons and finished steel by 4.9% to 2.530 million tons in August compared to July.Mr. Vasily Kharahulah, MD of Metallurgprom, said daily average pig iron production in…
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…
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…
According to the information issued by the Ukrainian Ministry of Economy, up to July 1st Ukraine utilized 37.37% of its annual quota for rebar exports to Russia and 97.53% of its yearly quota for cold-rolled steel exports to the same destination, supplying a total of 149,491 tons and 204,810 tons respectively.According to the agreement between…
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…
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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According to Metallurgprom in June Ukraine reduced steel smelting by 13.5% MoM compared to May to 2.46 million tons, finished products – by 24.1% to 2.15 million tons. Thus, in H1 Ukraine produced 16.34 million tons of steel, which is 17.9% more than in the same period last year, and 14.53 million tons of finished…
Interpipe Niko Tube has successfully passed the second audit for pressure-operated pipes and vessels. The audit was carried out according to the demands of the European Equipment Directive, Pressure Equipment Directive 97/23/EC, and German instructions for pressure-operated capacities and boilers, AD 2000 Merkblatt W0. The audit was carried out by the international certifying agency TUV…
It is reported that in the H1 of 2010, the pipe producing subsidiaries of the Interpipe Corporation increased their steel pipe output by 95.5% YoY to 394,800 tons.Specifically, in January to June this year, Interpipe NTRP registered a 75% YoY increase in its steel pipe production to 163,900 tons, Interpipe NMPP saw its steel pipe…
According to the data issued by the Ukrainian iron ore and steel producer Metinvest Holding, in June this year its subsidiary Khartsyzsk Pipe Works saw its large diameter pipe output decrease to 8,587 tons from 23,976 tons in May, down by 64.2% MoM.In the first half of this year, KhPW produced 103,970 tons of LD…
Reuters reported that Ukrainian steel maker Azovstal’s crude steel production in H1 went up by 52.6% YoY to 2.872 million tons compared with the same period in 2009.The company said in a statement, it had also raised pig iron output by 53% to 2.464 million tons and increased rolled steel production by 52.2% to 2.678…
It is reported that Ukrainian EAF steel maker Dneprospetsstal crude steel production increased by 72.6% YoY to 182 000 tons and finished steel output increased by 89.1% YoY to 119 000 tons.The company produced 33,000 tons of crude steel and 24,000 tons of finished steel in June 2010.Dneprospetsstal specializes on production of hot-rolled and forged…
Interfax quoted the Dnipropetrovsk based Metallurgprom association said, Ukraine steel industry boosted finished roll output 17% YoY in January to June to 14.53 million tons.Crude steel production jumped 18% to 16.34 million tons and pig iron grew 16% to 13.858 million tons.The country produced 775,000 tons of steel pipes, up by 5% YoY. Ukrainian coke…
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…
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…
It is reported that in May this year Ukrainian ferrous scrap export was down by 8% MoM to 113,770 tons which however was up by 92.7% YoY. Meanwhile, the value of scrap export sales in May was down by 4.1% MoM declining to $39.99 million. In January to May this year, Ukrainian scrap exports increased…
It is reported that in May 2010 Ukrainian reduced pig iron export by 78.2% MoM in comparison with April to 39630 tons.Incomes from pig iron export dropped by 70.1% to $20.47 million. The major buyer of Ukrainian pig iron is Italy, which share in total pig iron export from Ukraine makes 16140 tons or 40.7%In…
According to the data for the first five months of 2010, Ukrainian exports of steel pipes decreased by 17.4% YoY to 449,080 tons while its semi-finished steel product exports dropped by 6.4% YoY to about 4.786 million tons.In January to May this year, the country exports of flat-rolled steel increased by 23.1% YoY to 2.893…
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…
It is reported that in January to May 2010 Ukrainian steelmaking companies increased export in comparison with the same period of the previous year by 10.8% to 10.238 million tons.However, May steel exports dropped in comparison with April by 3.6% to 2.244 million tons.During five months semi-finished steel products export decreased by 6.4% to 4.787…
It is reported that Mariupol Ilyich Iron and Steel Works, one of the three largest steel mills in Ukraine, plans to increase its statutory fund by 3.7 times to UAH 3.093 billion.The increase of the company statutory fund was put on the agenda of a general meeting of the company’s shareholders scheduled for July 1st.According…
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…
According to Mr. Ruslan Mazhinsky, marketing director of the trading and distribution company Ukrainian Mining and Metallurgical Company, in 2010 Ukrainian consumption of rolled steel products is expected to increase by 15-16% YoY to about 5.7 million tons.Mr. Mazhinsky said, in the first half of 2010 the Ukrainian domestic market was seeing demand growth mainly…
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…
Local newspaper Delo has reported citing Mr. Christophe Cornier, member of ArcelorMittal group management board, as saying ArcelorMittal Kriviy Rih intends to implement a project for processing oxidized ores.Mr. Cornier said “We produce 8 million tons of sinter per year and, with the introduction of oxidized ore processing technology, the production will double.”The management of…
According to the data released by metal trading enterprise Ukrainian Mining and Metallurgical Company (UGMK), in the first five months of 2010 Ukraine imports of rolled steel products increased by 122.7% YoY amounting to about 502,900 tons. In May Ukraine increased its imports of rolled steel products by 16.4% compared to April and by 74%…