Ukrainian steel companies reported their financial statements for the Q1 2011, which turned out to be much worse than expected.Yenakievo Iron and Steel Works posted negative EBITDA of $45 million which increased 1.5 times YoY, net losses almost doubled to $52 million. Mariupol Ilyich Iron and Steel Works’ net losses increased by a factor of…Details
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Metinvest will become the first and only company in Ukraine to offer clients a maximum wide product range of structural shapes. Starting with Q2 of 2011 the network of service metal centers will be able to offer a full product range of structurals for their clients, including items that were not available before. The output…Details
UKRAINE&RUSSIA: STEEL-MAKING PIG IRON UKRAINE&RUSSIA: FOUNDRY PIG IRON UKRAINE&RUSSIA: ROUND BILLETS UKRAINE&RUSSIA: SQUARE BILLETS Month Russian market, $/t, $1/RUR31.38 Ukrainian market, $/t without VAT, $1/UAH 5.33* min max min max February 464.82 774.38 791.76 1008.90 March 806.25 857.23 791.76 1008.90 Month Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports…Details
According to the data issued by the State Statistics Committee of Ukraine, in January to February Ukraine’s metallurgical sector registered an aggregate loss of UAH 1.11 billion compared to the aggregate loss of about UAH 2.437 billion in January to February 2010.In the January to February period of the current year, 52% of all Ukrainian…Details
According to the Ukrainian association of metal producers Metallurgprom, domestic steel production is expected to increase to 3.16 million tons in May. In the same month Ukrainian metallurgists plan to produce 2.64 million tons of cast iron and 2.87 million tons of rolled metal, while Ukraine is expected to import 30,000 tons of pellets, 60,000…Details
According to the Ukrainian association of metal producers Metallurgprom, in March Ukraine’s average daily pig iron output continued its positive trend seeing an increase of 2.3% MoM from 78,800 tons to 81,100 tons. Products January 2011, t February 2011, t March 2011, t Pig iron 77,800 78,800 81,000 Crude steel 92,400 95,300 100,000 Rolled steel…Details
It is reported that ArcelorMittal Kriviy Rih’s, the Ukraine-based subsidiary of the world’s largest integrated metals and mining company ArcelorMittal, operations in March were stable with output being at the same level as in the first two months of the year. However, the company steel outputs both in March and in Q1 registered decreases compared…Details
According to the information issued by the Ukrainian Ministry of Economy, from October 1 2010 to April 1 2011 Russia and other countries utilized 85.62% of the annual quota, imposed by Ukraine for seamless steel casing and tubing imports with outside diameter up to 406.4 mm, supplying a total of around 13,661 tons.According to these…Details
Metinvest announced that it plans to increase efficiency of its Yenakievo Iron and Steel Works by improving the production site administration and management. The planned steps, taken within the frame of Metinvest’s ongoing continuous improvements, reconstruction and production modernization program are expected to result in growing margins of Yenakievo Iron and Steel Works due to increased…Details
UKRAINE&RUSSIA: STEEL-MAKING PIG IRON UKRAINE&RUSSIA: FOUNDRY PIG IRON UKRAINE&RUSSIA: ROUND BILLETS Month Ukrainian market, $/t, $1/UAH5,33* min max January 847.41 847.41 February 950.19 969.58 Month Export, Ukraine, $/t, FOB Black sea ports min max January 585.00 595.00 February 650.00 655.00 Month Export, Russia, $/t, FOB Black sea ports min max January 585.00 595.00 February 650.00…Details
According to preliminary data, in the January-March period Ukraine registered an increase of 11.5% YoY in its finished steel product output to about 7.7 million tons and a 7% rise in its crude steel output to 8.634 million tons. In the first three months of 2011, Ukraine saw a 2.2% increase in its pig iron…Details
Ukraine’s largest vertically-integrated mining and steel group Metinvest plans to increase the efficiency of the 160 ton basic oxygen furnace at its steelmaking subsidiary Yenakievo Iron and Steel Works (EMZ) following a UAH 100 million overhaul.The BOF overhaul at EMZ is planned to be carried out in June to July within the framework of the…Details
The Ukrainian steelmaker Zaporizhstal has announced a profit of UAH 156.1 million (about $19.56 million) for 2010, up from a loss of UAH 290.5 million ($3 million) in 2009.In 2010 Zaporizhstal produced 3.449 million tons of crude steel and 2.763 million tons of pig iron, while its shipments of rolled steel products amounted to 2.855…Details