Ukraine-based mining and steel company Metinvest Group will invest over $92 million in the upgrading of the fourth blast furnace at its Mariupol-headquartered subsidiary Azovstal Iron and Steel Works. The overhaul of the blast furnace will last 120 days, starting in June 2014. Currently tenders and contractor selection are in progress. Contracts are being concluded…Details
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UKRAINE&RUSSIA: STEEL-MAKING PIG IRON Month Russian market, $/t, $1/RUR32.1961* Ukrainian market, $/t without VAT, $1/UAH7.9898* min max min max August 340.10 512.48 513.15 525.67 September 340.10 512.48 513.15 525.67 Month Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max August 390.00 395.00 395.00 400.00 September 395.00…Details
Ukrainian steel pipe and railway wheel producer Interpipe has announced the launch of steel billet sales, produced by Interpipe Steel electric steel-melting complex. The steel billet mill, commissioned in 2012, produces round continuously cast billets for pipe and wheel steel grades with diameters ranging between 150 and 470 mm. The mill has already shipped trial lots…Details
In January-September Ukraine’s ferroalloy production decreased by 22.4% compared to the same period last year to 623,500 tons, according to the Association of Ukrainian Ferroalloy Producers (UkrFA). In the given period Ukraine’s silicomanganese output decreased by 17.3% to 455,800 tons, while its ferromanganese production declined by 55.3% to 60,200 tons, both year on year. In…Details
According to the State Statistics Committee of Ukraine, in the first nine months of the current year Ukraine exported 130,328 tons of steel scrap, down by 64.4% year on year, worth a total of $40.691 million, down by 73.4% year on year.In the January-September period this year Ukraine’s scrap imports increased 2.4 times year on…Details
In November Ukraine’s crude steel production is expected to decrease by 4.8% compared to September to 2.560 million tons. In November pig iron output in Ukraine will total 2.360 million tons, down by 3.4% compared to the September results, while production of rolled steel is expected to total 2.310 million tons, down by 0.8% compared…Details
In January-September Ukraine’s exports of iron ore increased by 8% year on year to 28.4 million tons. Exports of iron ore from Ukraine decreased by 3.3% in September compared to August, falling to 2.9 million tons.In the January-September period Ukrainian imports of iron ore increased by 13% year on year to 2.080 million tons. In…Details
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+…Details
In the first nine months of the current year the crude steel production of ArcelorMittal Kryvyi Rih, the Ukrainian subsidiary of the global steel giant ArcelorMittal, totaled 4.7639 million tons, down by 0.06% YoY, as announced by the company. In addition, in the first nine months of the year ArcelorMittal Kryvyi Rih saw a 3.1%…Details
Export prices for metal products at Ukrainian ports were almost unchanged from October, 3rd to October, 10th. Billets prices (FOB Black sea) remained at the level of $495 per ton, reinfrocement bars – $565 per ton, rolled wire – $570 per ton. Neither did the price of slabs ($490 per ton), nor cold-rolled coils ($610…Details
On September, 23rd, DEMZ started working again. In August Mechel sold DEMZ to Vadim Vishnevskiy for 2 thousand euros. The buyer also has to pay all the DEMZ debts ($81 million) to Mechel. Varshavskiy bought DEMZ in 2008 for $700 million, but couldn’t return the credit and the Plant was taken by Alfa-bank. In May…Details
Steel consumption in Ukraine in 2013 is expected to decrease by 7.9% compared to 2012, to 5.8 million tons, according to Hans Jurgen Kerkhoff, the head of World Steel Association’s economic committee.He says in 2014 Ukraine is expected to witness an increase in steel consumption by 4.3% as compared to 2013, to 6 millin tons.…Details
In January-September the British Ferrexpo Plc., owner of the Poltava Mining-extracting works, increased its pellets output by 12.5%, to 8.048 million tons, YoY. In particular, the total output of pellets with 62% iron content increased by 10.2% to 4.343 millin tons, while the output of pellets with 65% iron content increased by 15.3% to 3.705…Details
Zaporizhstal, a part of the Metinvest Group, considers the Russian market to be important for the company and intends to continue metal supplies to it and continue to meet the needs of Russian customers.Mr. Rostyslav Shurma, director general of Zaporizhstal, said at a press conference in Zaporizhia on the occasion of signing a contract with…Details
In the first nine months of the current year Ukraine registered a 7.7% decrease in its metallurgical coke output to 13.306 million tons, according to the data issued by Ukraine’s Cabinet of Ministers.In September Ukraine produced 1.436 million tons of metallurgical coke, up by 11% year on year. (SteelOrbis/Ukrainian metal)
In the January-September period of the current year, Ukrainian companies produced 1.2908 million tons of steel pipes, down by 19.5% compared to the same period last year, according to the figures issued by Ukraine’s Cabinet of Ministers. In September Ukraine’s steel pipe production decreased by 1.9% compared to August, to 140,700 tons. (SteelOrbis/Ukrainian metal)Details
In January-September 2013 Zaporizhstal Integrated Iron and Steel Works increased its pig iron output by 0.1%, steel output by 1.6% and rolled metal by 4.7%, YoY. In September Zaporizhstal saw an increase in its production volumes: pig iron output went up by 0.5%, while the rolled metal output increased by 4.7%. In September the works…Details