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Ukrainian steel makers report negative results for Q1 2011

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…

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Ukrainian market of commercial products – first priority for Metinvest

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…

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March 2011

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…

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ArcelorMittal Kriviy Rih sees drop in Q1 crude steel output

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…

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Metinvest to increase efficiency of its steelmaking facilities

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…

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February 2011

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…

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