Ukraine’s electric steel smelting plant Electrostal has been forced to temporarily stop production due to high domestic scrap prices, which have increased by 10% since the beginning of February to UAH 3,300 per ton.Electrostal said that the production stoppage might last a week or slightly more, until the big steelmaking companies in the region satisfy…
According to the data, released by the metal trading enterprise Ukrainian Mining and Metallurgical Company, in January Ukraine’s imports of rolled steel products increased by 44.4% YoY, but decreased by 19.6% compared to December 2010 amounting to 119,300 tons.In the first month of January one quarter of overall rolled steel imports to Ukraine were accounted…
Zaporozhye Ferro Alloys Plant (ZZF), one of the largest Ukrainian ferroalloy producers, has been forced to close 15 of its 21 furnaces and currently operates at just 30% of its capacities due to the increase in electricity costs.Mr. Pavel Kravchenko, ZZF chairman, said following the decision of Ukraine National Electricity Regulatory Commission to switch the…
It is reported that Alchevsk Iron and Steel Works (ALMK) has announced a net loss of UAH 1,013 million in FY 2010 implying the net loss of UAH 261 million in Q4 2010.According to Millennium Capital, “The news is neutral for ALMK. The Q4 2010 loss of UAH 261 million is 1.7 x smaller than…
According to the data issued by the State Statistics Committee of Ukraine, in 2010 Ukrainian metallurgical sector registered an aggregate loss of UAH 3.84 billion compared to the aggregate loss of UAH 9.578 billion in 2009.In 2010 53.6% of the total number of Ukrainian metallurgical companies posted a combined profit of UAH 4.7 billion while…
According to Mr. Rinat Starkov, CEO of ArcelorMittal Kriviy Rih, the company saw its net profit in 2010 increase to UAH 1.2 billion from a net loss of about UAH 120 million registered in 2009.Mr. Starkov said that the gross profit of the company in 2010 went up by 147% YoY to UAH 4.43 billion.…
It is reported that the Ukrainian flat steel producer Mariupol Ilyich Iron and Steel Works, which merged with Ukraine’s largest mining and steel group Metinvest in July 2010, is planning to significantly increase its output within the priorities set out by Metinvest and is considering a radical modernization of its production facilities.Mr. Vladimir Boyko, GD…
It is reported that ArcelorMittal Kriviy Rih, the Ukraine-based subsidiary of the world’s largest integrated metals and mining company ArcelorMittal, has announced that due to technical issues, in January it saw a YoY decrease in output, producing 447,300 tons of crude steel, down by 16%, 389,900 tons of pig iron, down by 16%, and 422,200…
UKRAINE&RUSSIA: STEEL-MAKING PIG IRON Month Russian market, $/t, $1/RUR31.38* Ukrainian market, $/t without VAT, $1/UAH 5.33* min max min max November 360.10 478.01 694.18 731.71 December 360.10 478.01 694.18 731.71 Month Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max November 445.00 450.00 460.00 470.00 December…
It is reported that in January the Ukrainian steel industry increased its natural gas consumption by 20 million cubic meters compared to December 2010 to 516 million cubic meters with the average daily consumption of natural gas during the month totaling 16.65 million cubic meters up from 16 million cubic meters in the previous month.According…
According to the Ukrainian association of metal producers Metallurgprom, in January Ukraine’s average daily pig iron output was almost unchanged from the December 2010 level, seeing a very slight increase from 77,600 tons to 77,800 tons. Product Average daily output in January, t Monthly output in January, t Pig iron 77,800 2,411,000 Crude steel 92,400…
It is reported that Alchevsk Iron and Steel Works is planning to increase February crude steel output by 14-18% to reach 320,000-330,000 tons. The corresponding increase in rolled products’ output is to underlie 230,000 slab exports in February. To meet the growing production targets for pig iron, in January the company has re-launched its blast furnace…
Prime-Tass has cited Mr. Vladimir Pikovskiy, head of the steel and mining industry department of Derzhzovnishinform (DZI), the Ukrainian national research and information center for monitoring international commodity markets, as saying that Ukrainian steel producers have temporarily suspended shipments of rolled steel products to Egypt due to the political crisis in the country.Mr. Pikovskiy said…
It is reported that in January Ukrainian steelmakers have decreased crude steel output by 1% MoM. Alchevsk Iron and Steel Works has boosted the production of crude steel and rolled products by 12% and 15% respectively, while the other producers have shown few changes.According to a Millennium Capital analyst, “The news is neutral for the…
It is reported that Donetsk Electrometallurgical Plant (DEMZ) in January increased its steel smelting volume four times compared to the same period of last year to 88,600 tons.DEMZ has continued to increase its hot-rolled steel product output both from its own steel as well as from steel bars supplied by Chelyabinsk Iron and Steel Works…
It is reported that in January 2011 Ukrainian mill Donetsk Iron and Steel Works (DMZ) produced 42,000 tons of crude steel, down by 14.3%, 39,000 tons of rolled steel products, down by 20.4% YoY, and 120,000 tons of pig iron, down by 7.7% YoY.In 2010 DMZ increased its rolled steel products output by 12% YoY…
Reuters reported that Ukraine’s largest mining and metals group Metinvest planned to boost steel output to 25 million tons in the long run through acquisitions and modernization of its existing facilities.Metinvest quoted its director Mr. Ihor Siryi as saying in a statement that “Our long term target is to reach the level of 25 million…
It is reported that in 2010 Ukraine’s imports of long steel products increased by 79.2% YoY to 378,860 tons valued at $350.6 million.In December 2010 Ukraine’s long steel product imports amounted to 32,680 tons, almost equal to the November 2010 level, but up by 34.6% YoY. About 60% of this volume (19,570 tons) came from…
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…
It is reported that in 2010 Ukraine’s long steel exports increased by 17.3% YoY to about 5.775 million tons valued at almost $3.3 billion.In December 2010 Ukraine’s long steel product exports went down by 3.4% MoM but increased by 8.2% YoY to 486,790 tons valued at $307.22 million, down by 2.6% MoM.Ukraine’s main long steel…
It is reported that in 2010 Ukraine’s steel pipe imports increased by 59.5% YoY to 62,840 tons valued at $111.95 million.In December 2010 Ukraine’s steel pipe imports increased by almost 85% MoM and by 218% YoY to 9,560 tons valued at $14.87 million. Specifically, in December 2010 Ukraine imported 6,560 tons of seamless pipes, up…
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…
It is reported that in 2010 Ukraine’s flat steel exports increased by 7.7% YoY to 6.513 million tons valued at about $3.81 billion.In December 2010 Ukraine’s flat steel product exports increased by 0.5% MoM and by 10.5% YoY rising to 555,780 tons valued at about $341 million. Specifically, in December 2010, Ukraine’s exports of hot-rolled…
It is reported that in 2010 Ukraine’s scrap exports decreased by 24.8% YoY to 664,450 tons valued at about $217.05 million. In December 2010, Ukraine’s ferrous scrap exports saw a 16.3% MoM increase but a 0.2% drop YoY to 59,930 tons with 58,860 tons delivered to Turkey and 1,070 tons to Hungary.The value of Ukraine’s…