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…
According to the data issued by the State Statistics Committee of Ukraine, in January to February Ukraine’s metallurgical sector registered an aggregate loss of UAH 1.11 billion compared to the aggregate loss of about UAH 2.437 billion in January to February 2010.In the January to February period of the current year, 52% of all Ukrainian…
According to the Ukrainian association of metal producers Metallurgprom, Ukrainian steel producers are likely to see their annual production costs increased by UAH 3.4 billion due to higher natural gas prices and growth in iron ore and coke prices.Currently the natural gas price at the border with Russia is $268/1,000 cubic meters while as of…
According to the data issued by the State Statistics Committee of Ukraine, in 2010 Ukrainian metallurgical sector registered an aggregate loss of UAH 3.84 billion compared to the aggregate loss of UAH 9.578 billion in 2009.In 2010 53.6% of the total number of Ukrainian metallurgical companies posted a combined profit of UAH 4.7 billion while…
It is reported that in January the Ukrainian steel industry increased its natural gas consumption by 20 million cubic meters compared to December 2010 to 516 million cubic meters with the average daily consumption of natural gas during the month totaling 16.65 million cubic meters up from 16 million cubic meters in the previous month.According…
According to Mr. Andriy Klyuyev, Ukraine’s minister of economic development and trade and acting first deputy prime minister, Ukrainian government intends to attract $1 billion in investments for the modernization of the country’s metallurgical industry in 2011-2012.Mr. Klyuyev said “About $1 billion will be invested in 2011-2012 in the reconstruction of enterprises in the metallurgical…
According to the data, issued by Ukraine’s State Statistics Committee, in 2010 the country metallurgical companies increased their product sales by 45.3% YoY to about UAH 189.442 billion.As per report, in 2010 the share of metallurgical companies in Ukraine’s total sale of industrial products amounted to 21.3%. In 2009 Ukraine’s metallurgical companies saw a 31%…
Ukrainian Journal reported that Ukrainian metallurgical enterprises were concerned about a shortage of empty freight wagons, which they said could lead to problems with the shipment of products or cause an increase in the cost of transportation.A Dneprospetsstal representative at a meeting of representatives of the mining and smelting complex of Ukraine in Dnipropetrovsk said…