Alchevsk Iron and Steel Works finished H1 2012 with net loss of UAH 140.5 million versus net profit of UAH 42.4 million in H1 2011. The volume of sales reduced by 24.7% YoY to UAH 9.4 billion over this period. The company decreased gross loss by 74.8% YoY to UAH 150.5 million.As reported, Alchevsk Iron…
Ukrainian steelmaker Alchevsk Iron and Steel Works, a subsidiary of the Ukrainian steel producer Industrial Union of Donbass, plans to reduce its production of rolled steel products in July by 15% compared to June to around 250,000 tons. (SteelOrbis)
Most Ukrainian steel majors reduced finished roll production in January to June 2012.ArcelorMittal Kryviy Rih, the country biggest steel mill, raised roll production tentatively by 11.3% YoY to 2.626 million tones. But Azovstal Iron and Steel Works said it reduced roll output by 21.8% YoY to 2.203 million tons, Zaporizhstal reduced it by 2.8% to…
In the January to August period of the current year the steelmaking subsidiaries of the Ukrainian steel producer Industrial Union of Donbass produced a total of 4.331 million tons of pig iron up, by 25% YoY. The subsidiaries’s crude steel output in the given period increased by 23% YoY, to 4.613 million tons. In the…
According to the Alchevsk Iron and Steel Works’s CEO, the mill should gradually increase its monthly crude steel output from 300,000 tons presently to 420,000 tons by September 11th implying full utilization. He also mentioned that the increase would not involve the re-commissioning of inefficient OHFs, which were shut down in November 2010.Millennium Capital analyst…
Ukrainian steelmaker Alchevsk Iron and Steel Works plans to decrease slab shipments in May by 20% compared to April to 200,000-205,000 tons.This reduction in semi-finished steel shipments is caused by rising demand for hot-rolled flat steel. In April the company decreased shipments of slabs by 8% compared to March to 255,000 tons.In May Alchevsk plans…
It is reported that in February steel output in Ukraine fell by 7% MoM largely due to the breakup in Yenakievo Iron and Steel Works and fewer work days in February. ALMK has been the growth leader with 11% steel output increase. According to a Millennium Capital analyst, ” The news is mixed for 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…