According to the preliminary data, issued by the Ukrainian association of metal producers Metallurgprom, in the first seven months of the current year Ukraine registered a 12% YoY in its finished steel product output to 16.709 million tons and a 13% rise in its crude steel output to 18.764 million tons.In January to July this…
According to the Ukrainian Industry Ministry, metal prices in the country after the cancellation of a memorandum of mutual understanding, signed between the government and mining and metals companies, which awarded some benefits to memo participants, in particular on cargo shipments by rail, remain unchanged.A ministry press release says that the value of key types…
It is reported that steelmaking companies in Ukraine plan to cut their pig iron smelting by 1.3% to 2.270 million tons, steel smelting by 1.4% to 2.720 million tons and finished steel by 4.9% to 2.530 million tons in August compared to July.Mr. Vasily Kharahulah, MD of Metallurgprom, said daily average pig iron production in…
Fitch Ratings shows rising raw material prices and VAT refund related liquidity concerns are exposing longstanding structural weaknesses in the Ukrainian steel industry and this could ultimately lead to a consolidation of producers.Mr. Peter Archbold, Senior Director in Fitch Industrials team, said “Given the challenges facing the Ukrainian industry at present, M&A transactions could represent…
Interfax-Ukraine news agency reported, citing Mr. Vasily Kharakhulakh, general director of the Ukrainian association of metal producers Metallurgprom, as saying that Ukrainian steel producers were currently facing difficulties in selling their steel products and having problems securing coke and iron ore, which forced them to cut their outputs and might even oblige them to halt…
It is reported that metal companies in Ukraine are suffering from poor sales of metal products and problems with coke and iron ore supplies which is forcing them to cut production down and halt plants.Mr. Vasyl Kharakhulakh, director general of the Metallurgprom association of metal companies, said “Some companies are on the verge of stoppage”.…
Rusmet reported that flat steel with anticorrosion covers gains more popularity in Ukraine despite the general downturn, however national manufacturers are still not ready to meet market demand. Though, huge imported quantities and general growth of steel consumption facilitated construction of new galvanizing and coating capacities in Ukraine.Till recent times there were only three galvanized…
According to the World Steel Association data, Ukraine has secured eighth position among the largest countries-world steel producers in March having produced 2.995 million tons of metal.Ukraine in February attained the eighth place among the largest countries-world steel producers having produced 2.565 million tons of metal. In total, the world steel production this March against…