DuPont plans investment in Zaporozhye Titanium and Magnesium Works

One of the world’s largest chemical companies, DuPont, plans to establish cooperation and invest into budget-sustained enterprise Zaporozhye Titanium and Magnesium Works (ZTMK), which is under the management of the Ukrainian Industry Ministry.A Ministry press-release says that the issue of possible investment in the production of titanium sponge at ZTMK has been discussed at a…

JUNE 2010

UKRAINE&RUSSIA: STEEL-MAKING PIG IRONUKRAINE&RUSSIA: FOUNDRY PIG IRON UKRAINE&RUSSIA: ROUND BILLETS UKRAINE&RUSSIA: SQUARE BILLETS UKRAINE&RUSSIA: ROLLED WIREUKRAINE&RUSSIA: SLABS UKRAINE&RUSSIA: REINFORCEMENT STEEL, CLASS A1, A3UKRAINE&RUSSIA: ROUNDS, SQUARES   UKRAINE&RUSSIA: BEAMS, CHANNEL UKRAINE&RUSSIA: ANGLES Month Russian market, $/t, $1/RUR31.38* min max May 492.99 785.88 June 492.99 785.88 Month Ukrainian market, $/t without VAT, $1/UAH 5.33* min min May…

ISD in debt restructures talks

Industrial Union of Donbass (ISD), one of Ukraine largest steel groups, is in talks with creditors to restructure its debts.ISD said in a statement that “ISD is holding successful talks with international banks and financial institutions regarding the restructuring of financial debt which is quite common for industrial companies during these hard times.”ISD declined to…

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…