According to Mr. Rinat Starkov, CEO of ArcelorMittal Kriviy Rih, the company saw its net profit in 2010 increase to UAH 1.2 billion from a net loss of about UAH 120 million registered in 2009.Mr. Starkov said that the gross profit of the company in 2010 went up by 147% YoY to UAH 4.43 billion.…Details
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It is reported that the Ukrainian flat steel producer Mariupol Ilyich Iron and Steel Works, which merged with Ukraine’s largest mining and steel group Metinvest in July 2010, is planning to significantly increase its output within the priorities set out by Metinvest and is considering a radical modernization of its production facilities.Mr. Vladimir Boyko, GD…Details
It is reported that ArcelorMittal Kriviy Rih, the Ukraine-based subsidiary of the world’s largest integrated metals and mining company ArcelorMittal, has announced that due to technical issues, in January it saw a YoY decrease in output, producing 447,300 tons of crude steel, down by 16%, 389,900 tons of pig iron, down by 16%, and 422,200…Details
UKRAINE&RUSSIA: STEEL-MAKING PIG IRON Month Russian market, $/t, $1/RUR31.38* Ukrainian market, $/t without VAT, $1/UAH 5.33* min max min max November 360.10 478.01 694.18 731.71 December 360.10 478.01 694.18 731.71 Month Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max November 445.00 450.00 460.00 470.00 December…Details
It is reported that in January the Ukrainian steel industry increased its natural gas consumption by 20 million cubic meters compared to December 2010 to 516 million cubic meters with the average daily consumption of natural gas during the month totaling 16.65 million cubic meters up from 16 million cubic meters in the previous month.According…Details
According to the Ukrainian association of metal producers Metallurgprom, in January Ukraine’s average daily pig iron output was almost unchanged from the December 2010 level, seeing a very slight increase from 77,600 tons to 77,800 tons. Product Average daily output in January, t Monthly output in January, t Pig iron 77,800 2,411,000 Crude steel 92,400…Details
It is reported that Alchevsk Iron and Steel Works is planning to increase February crude steel output by 14-18% to reach 320,000-330,000 tons. The corresponding increase in rolled products’ output is to underlie 230,000 slab exports in February. To meet the growing production targets for pig iron, in January the company has re-launched its blast furnace…Details
Prime-Tass has cited Mr. Vladimir Pikovskiy, head of the steel and mining industry department of Derzhzovnishinform (DZI), the Ukrainian national research and information center for monitoring international commodity markets, as saying that Ukrainian steel producers have temporarily suspended shipments of rolled steel products to Egypt due to the political crisis in the country.Mr. Pikovskiy said…Details
It is reported that in January Ukrainian steelmakers have decreased crude steel output by 1% MoM. Alchevsk Iron and Steel Works has boosted the production of crude steel and rolled products by 12% and 15% respectively, while the other producers have shown few changes.According to a Millennium Capital analyst, “The news is neutral for the…Details
It is reported that Donetsk Electrometallurgical Plant (DEMZ) in January increased its steel smelting volume four times compared to the same period of last year to 88,600 tons.DEMZ has continued to increase its hot-rolled steel product output both from its own steel as well as from steel bars supplied by Chelyabinsk Iron and Steel Works…Details
It is reported that in January 2011 Ukrainian mill Donetsk Iron and Steel Works (DMZ) produced 42,000 tons of crude steel, down by 14.3%, 39,000 tons of rolled steel products, down by 20.4% YoY, and 120,000 tons of pig iron, down by 7.7% YoY.In 2010 DMZ increased its rolled steel products output by 12% YoY…Details
Reuters reported that Ukraine’s largest mining and metals group Metinvest planned to boost steel output to 25 million tons in the long run through acquisitions and modernization of its existing facilities.Metinvest quoted its director Mr. Ihor Siryi as saying in a statement that “Our long term target is to reach the level of 25 million…Details
It is reported that in 2010 Ukraine’s imports of long steel products increased by 79.2% YoY to 378,860 tons valued at $350.6 million.In December 2010 Ukraine’s long steel product imports amounted to 32,680 tons, almost equal to the November 2010 level, but up by 34.6% YoY. About 60% of this volume (19,570 tons) came from…Details