Ukraine: AMKR loses 217 million UAH because of Ukrzaliznytsia

ArcelorMittal Kriviy Rih has estimated its losses in January-June from the cooperation with Ukrzaliznytsia (Ukrainian Railways) on the level of 217 million UAH. “In 6 months we have lost 217 million UAH because of Ukrzaliznytsia. And Ukraine has lost 45 million UAH of taxes. Ukrzaliznytsia operation is damaging business”, the company CEO Paramjit Kahlon said.…

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Russia: steel exports up in January-October 2016

In January-October Russian steel exports totaled 35.563 million tons, up by 3% YoY. Exports to far foreign countries accounted for 31.127 million tons. Ferrous metals exports (apart from pig iron, ferroalloys, waste and scrap) totaled 24.131 million tons, up by 4.6% YoY. Far foreign countries imported 20.859 million tons of ferrous metals. Semi-finished carbon steel…

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Ukraine: AMKR to produce 7 million tons of steel in 2016

In 2016 ArcelorMittal Kriviy Rih intends to produce 7 million tons of steel. “That’s up by 10% of the plan”, the company CEO Paramjit Kahlon said. According to him, despite the high output capacities, the company experiences difficulties with raw material deliveries. In particular, AMKR has to import coal, coke and lime, as it can’t…

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