Ukraine: Donetskstal ends 2015 with losses
In 2015 Donetskstal received 6235.7 million UAH of losses.
Ukraine: Donetskstal losses up in January-September 2015
In January-September Donetskstal received 4087.11 million UAH of losses.
Ukraine: Donetskstal ends Q2 2015 with profit
In April-June Donetskstal Metal Works received 1.56 billion UAH of net profit.
Fitch confirms Donetskstal rating of B
The international rating agency Fitch has confirmed the B-rating of Finest Trading Co Limited (Cyprus), the holding company of the Donetskstal group. Fitch has confirmed the long-term default rating in foreign and domestic currency on the level of B, at the same decreasing the national long-term rating of the company from AA (ukr) to A+…
Donetskstal to receive a soft loan for open hearth steel production
Mr. Igor Prasolov, minister of Economic Development and Trade of Ukraine, said that Donetskstal Iron and Steel Works will receive a soft loan of $320 million for the replacement of the open hearth steel production by electric furnace under the government program to support the development of the internal market. Mr. Prasolov said that “In…
Donetskstal Group expects net profit to fall by 45% in 2012
Mr. Oleksandr Liubarev, CFO of Donetskstal Group, a large Ukrainian coal, coke, cast iron and rolled steel manufacturer, said that the company expected that in 2012 the group would see $171 million in net profit, 45% less than on 2011.He added that thanks to the debt restructuring conducted last year, the debt burden in coming…
Donetskstal in talks on acquisition of steel mill in Serbia
The Donetskstal Group is in talks on the acquisition of Zelezara Smederevo steel mill in Serbia.The press service of private joint-stock company Donetskstal Metallurgical Plant said “Information on the stoppage of talks, that have appeared in media reports, are rumors that are not true. At present, the Serbian government is considering the possibility of participating…
Donetskstal to commission new mini-mill 100 in January
It is reported that the Ukrainian steel producer Donetskstal plans to commission its new bar-rolling mini-mill 100 in January.Donetskstal started the preparation works for the launch of the mill in December 2010. The planned production capacity of the mill, which will mainly produce wire rod, will amount to 400,000 tons of steel products per month.…