Ferrexpo said its output went down in December 2014 due to limitations of electricity supplies to its companies. Spot sales of iron ore also fell. If things don’t change in Q1 2015, Ferrexpo will choose long-term contracts as its priority.
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State enterprise Ukrpormvneshexpertisa forecasts Ukrainian steel output in 2015 on the level of 27 million tons.
Metallurgprom association forecasts steel output on the level of 1.9 million tons in January.
In January-November 2014 Ukrainian companies exported 837.14 thousand tons of scrap for $265.44 million as opposed to 219.47 thousand tons for $68.42 million in 2013.
In November Ukraine exported $270.72 million worth of semi-finished steel products, with imports on the level of $5.49 million.
Experts forecast Ukrainian export volumes of scrap in 2015 on the level of 1.2 million tons.
In January-November 2014 Ukraine imported $1.61 billion worth of boghead and blind-coal.
In 2015 Ukrainian steel prices will continue falling due to manufacture cost price decrease and high competitions between manufacturers.
It is reported that Ukraine’s metallurgical coke output totaled 12.93 million tonnes during the first eleven months of 2014, down by 19.9% compared to the same time of last year.
Ukrainian metal companies cut steel production by 17% in 2014 compared to 2013, to 27.161 million tonnes, the Metallurgprom association (Dnipropetrovsk) has told Interfax-Ukraine. (https://www.kyivpost.com/content/ukraine/ukraine-cuts-steel-smelting-by-17-in-2014-due-to-hostilities-in-ato-zone-376779.html)Details
Ukrainian iron ore pellet producer Ferrexpo PLC (FEEXF) said Tuesday it has produced a record annual output of iron ore pellets, a high quality raw material used in steel making.
Ukrainian firm Metinvest will take three to five months to rebuild a rail bridge over the Kalchik river that was destroyed in an attack on 23 December, claiming the life of one steel worker and forcing the company to reduce output at its two mills, the company has said.
In November Ukraine exported $12.23 million worth of ferrous metals scrap, while imports totaled $0.74 million.