Ukrainian steel majors cut finished steel output in H1 2012

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…

Metinvest issues January to August output results for its subsidiaries

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…

Metinvest launches BOF steel rails production

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 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…