The ministry of economical development and trade wants to keep high scrap export levels despite the catastrophic shortages on the local market.
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Mariupol Ilyich Iron and Steel Works and Azovstal invested over 90 million UAH into Mariupol development on 2015.
In January Ukraine produced 53 thousand tons of steel pipes, down by 29.3% MoM, or by 22 thousand tons.
In 2015 Mezhdurechensky Mining and Processing Works produced 158.9 thousand tons of concentrate, up by 9.6% YoY.
In January Ukraine produced 1938 thousand tons of steel, up by 0.4% MoM, or by 7 thousand tons.
The Ministry of economical development and trade plans to create a list of equipment needed to conduct operations with metal scrap.
In January Nikopol Ferroalloy Plant produced 4.2 thousand tons of ferromanganese, up by 31.3% MoM, or by 1 thousand tons.
Marganets and Ordzhonikidze Mining and Processing Works have been idle since the year start. This is explained by the drastic fall of manganese concentrate and sinter demand fall – the works simply cannot sell their products.
In 2016 Corum Group plans to start repairing bulky machinery.
In January Ukraine didn’t produce manganese concentrate and sinter.
After the news of the rebar prices fall at Turkish ports and due to the low demand in February 15-19, semi-finished products prices fell by $5-7 per ton and now don’t exceed $260 pet ton CIF. Some manufacturers have decreased their prices for late February deliveries to $257 per ton CIF.
The State Geology Service has given ArcelorMittal Kriviy Rih time till March 3, to redress violation of mineral legislation as to the usage of minerals at Novokrivorozhskoye deposits.
Smart-Holding has appointed Sergey Glazunov CEO of its oil and gas division Smart Energy.