The Ukraine-based vertically integrated mining and steel group Metinvest has completed the cold repair of the open hearth furnace No 6 at the open hearth shop of the Mariupol Ilyich Iron and Steel Works.The company invested around UAH 15 million in the repair works which took eight days. The previous repair of open hearth furnace…
In July Ukrainian steelmaker Mariupol Ilyich Iron and Steel Works plans to complete the execution of seamless pipe orders prior to the permanent closure of its seamless pipe production facilities.This decision was taken by the company management in May, citing obsolete equipment and lack of seamless pipe orders, especially from Russian customers after the implementation…
Metinvest, Ukraine’s largest steelmaker, plans to increase production by 61% this year after combining assets with competitor Mariupol Iron and Steel Works named after Ilyich and modernizing its plants.Mr. Sergiy Novikov, CFO of Metinvest, said the steelmaker expected to produce as much as 15 million tons of steel in 2011.He said the company would concentrate…
Ukrainian steelmaker Mariupol Ilyich Iron and Steel Works, a subsidiary of the Ukrainian steel group Metinvest, has completed capital repairs of its agglomerating machine No 4 and started recommissioning works.The repair works included the modernization of the agglomerating machine’s furnace and the switch to an automatic control system. The capital repair of agglomerating machine No…
Ukrainian steelmaker Mariupol Ilyich Iron and Steel Works is planning to complete a program of technical re-equipment. The main purpose of this program is to significant increase the production volume.In particular, annual agglomerate production is to be increased to 16 million tons, pig iron output will be expanded to 7 million tons and crude steel…
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…
The Ukrainian flat steel producer Mariupol Ilyich Iron and Steel Works, a part of the steel and rolled products division of the Ukrainian mining and steel producing group Metinvest, has estimated that the completion of the construction of its PCI facility for blast furnaces will require a further $100 million plus or minus 30%.In November…
The Ukrainian flat steel producer Mariupol Ilyich Iron and Steel Works, a part of the steel and rolled products division of the Ukrainian mining and steel producing group Metinvest, said that in 2010 it reduced its average coke consumption per one metric ton of pig iron production by 3.5% YoY to 502 kilogram with a…