Ukraine: metal output forecast for November 2016

Ukrmetallurgprom believes that in November steel output will total 1.9 million tons, with pig iron production at 1.9 million tons and rolled metal at 1.7 million tons. In September Ukraine produced 1.86 million tons of steel, 1.83 million tons of pig iron and 1.74 million tons of rolled metal. In January-September steel output totaled 18.23…

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Russia: NLMK to increase exports

Novolipetsk Iron and Steel Works plans to increase sales of rolled metal for construction in 2016 by 20% YoY. “The increase will be reached due to opening new markets”, finance vice-president and section director Grigory Fedorishin said. “In 2015 demand for rolled metal for construction dropped by 17%, and this year we have lost 10-15%…

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Ukraine: AMKR to invest $1.5 billion into development

ArcelorMittal Kriviy Rih plans to invest $1.5 billion into development until 2020. “We would go on with our investment activities”, Paramjit Kahlon, the company CEO, explained. For the past 10 years AMKR has been investing some $250 million each year. According to Kahlon, the works operation has a positive impact on the economical situation in…

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