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…
Azovstal Iron & Steel Works summarized work in the field of quality and extension of product mix for 2011. Last year specialists of Azovstal Iron & Steel Works mastered production of 37 new steel grades and over 20 types of rolled products.Currently Azovstal Iron & Steel Works is able to accept the orders for more…
In the January to August period of the current year the steel-making subsidiaries of Metinvest, Ukraine’s largest vertically integrated mining and steel group, saw an 8% increase in their crude steel production to 9.762 million tons, a 6% rise in their finished steel production to 7.024 million tons and a 7% increase in their pig…
It is reported that Yenakievo Iron and Steel Works (ENMZ) increased net losses in H1 2011 by 29% YoY to $78 million, but cut them in half QoQ to $26 million in Q2. Azovstal Iron and Steel Works (AZST) posted $19 million in net losses in H1 2011 after recording $12 million in net profit…
Azovstal Iron and Steel Works plans to close outdated, energy inefficient open-hearth furnaces in May.Steel production capacity will decrease by 1.3-5.5 MT per year, with two converters left. Additionally, Azovstal gained approval at the end of April to produce rails from converter steel from its biggest rails customer, Ukrzaliznytsia.Until recently OHF steel was used. Azovstal…
Metinvest is launching BOF steel rails production at Azovstal Iron and Steel Works. The manufacturing procedure for the rails production has been approved by Azovstal’s strategic partner Ukrzaliznytsya.Metinvest experts together with the State Research and Development Center of Ukraine have developed and evaluated the manufacturing practice for BOF steel rails and all delivery trials have…
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…
Ministry of Industrial Policy of Ukraine reported that Metinvest Group planned to supply 27,000 tons of slabs, produced by Azovstal Iron and Steel Works, to Abu Zabel Company of the Ministry of the Defense Industry of Egypt.The contract between Metinvest Group and Abu Zabel was signed on November 25th after the meeting between the Minister…
