Ukrainian steel makers report negative results for Q1 2011

Ukrainian steel companies reported their financial statements for the Q1 2011, which turned out to be much worse than expected.Yenakievo Iron and Steel Works posted negative EBITDA of $45 million which increased 1.5 times YoY, net losses almost doubled to $52 million. Mariupol Ilyich Iron and Steel Works’ net losses increased by a factor of…

March 2011

UKRAINE&RUSSIA: STEEL-MAKING PIG IRON UKRAINE&RUSSIA: FOUNDRY PIG IRON UKRAINE&RUSSIA: ROUND BILLETS UKRAINE&RUSSIA: SQUARE BILLETS Month Russian market, $/t, $1/RUR31.38 Ukrainian market, $/t without VAT, $1/UAH 5.33* min max min max February 464.82 774.38 791.76 1008.90 March 806.25 857.23 791.76 1008.90 Month Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports…

ArcelorMittal Kriviy Rih sees drop in Q1 crude steel output

It is reported that ArcelorMittal Kriviy Rih’s, the Ukraine-based subsidiary of the world’s largest integrated metals and mining company ArcelorMittal, operations in March were stable with output being at the same level as in the first two months of the year. However, the company steel outputs both in March and in Q1 registered decreases compared…

Metinvest to increase efficiency of its steelmaking facilities

Metinvest announced that it plans to increase efficiency of its Yenakievo Iron and Steel Works by improving the production site administration and management.  The planned steps, taken within the frame of Metinvest’s ongoing continuous improvements, reconstruction and production modernization program are expected to result in growing margins of Yenakievo Iron and Steel Works due to increased…

February 2011

UKRAINE&RUSSIA: STEEL-MAKING PIG IRON UKRAINE&RUSSIA: FOUNDRY PIG IRON UKRAINE&RUSSIA: ROUND BILLETS Month Ukrainian market, $/t, $1/UAH5,33* min max January 847.41 847.41 February 950.19 969.58 Month Export, Ukraine, $/t, FOB Black sea ports min max January 585.00 595.00 February 650.00 655.00 Month Export, Russia, $/t, FOB Black sea ports min max January 585.00 595.00 February 650.00…

Ukrainian ferroalloy imports and exports decrease in January

In January Ukraine’s exports of ferroalloys registered a decrease of 3.4% compared to December 2010,  falling to 82,290 tons valued at $89.64 million. Meanwhile, compared to January 2010 the country ferroalloy exports went down by 15.5%. In January Ukraine’s ferrosilicomanganese exports decreased by 2.1% to 57,670 tons, its ferromanganese exports went down by 23.4% to…

Ukraine issues semi-finished import and export data for January

In January Ukraine’s semi-finished steel product exports saw a 15% YoY increase to 963,840 tons valued at about $515.4 million, while its imports of semi-finished steel products increased by 37% YoY to 27,800 tons valued at $18.9 million.Ukraine’s main semi-finished steel product export destinations in January were Italy (245,000 tons), Lebanon (165,060 tons), Syria (85,760…

Ukraine issues long steel import and export data for January

In January Ukraine’s long steel exports increased by 8.5% compared to December but decreased by 2.6% YoY totaling 527,940 tons valued at $352.2 million. Ukraine’s main long steel export destinations in January were Iraq, Russia (122,260 tons), Lebanon (23,700 tons), Belarus (18,700 tons), Romania (17,780 tons) and Jordan (17,670 tons). Meanwhile, Ukraine’s imports of long…