It is reported that 2 major Italian buyers of slabs have finally booked slabs from Ukrainian mills at $560 FOB Black Sea.As per market information, these deals were followed by London-based trading house, who also booked at similar levels.Considering freight component of $25 per ton, costs of slabs CFR FO Italy works out to $685…Details
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Siemens VAI Metals Technologies has received an order from the Electrometallurgical works Dneprospetsstal named after A. N. Kuzmin, Zaporozhye, the Ukrainian special steel manufacturer to supply a new electric arc furnace, complete with water treatment plant for its No. 3 steel works. This modernization project will increase the steel works’ production capacity to 540,000 tons…Details
It is reported that Ukrainian Mills woke up in bullish mood on Monday morning and hiked their offers further for Europe.Billets – $580 per ton FOB ST Black Sea.Pig iron – $535 per ton CFR FO Italian port.HRC – $635 per ton FOB ST Black Sea.HRP – $700 per ton base CFR FO Italian port.Slab…Details
According to the data issued by metal trading enterprise Ukrainian Mining and Metallurgical Company, in January to February this year Ukraine consumed 764,100 tons of rolled steel products up by 21.8% YoY. In February 2010 Ukrainian consumption of rolled steel products increased by 2.5% compared to January and by 14% compared to February last year.In…Details
In accordance with US Department of Commerce, Bureau of the Census data, in January 2010 US imported 326,000 tons of pig iron, up by 14.6% compared to December 2009. However, compared to January 2009, it is down by 25.2%. January 2009 level was the maximum monthly figure that year.The major suppliers of pig iron to…Details
It is reported that Cyprus-based company Daveze Limited has acquired a 100% stake in Ukraine’s Donetsk Electrometallurgical Plant, the mini-mill previously known as ISTIL.Accordingly, the Cypriot company has bought 392,767,872 shares representing 100% of the company authorized capital. The financial details of the deal have not been disclosed.In August 2009 the management of Donetsk Electrometallurgical…Details
It is reported that between March 12th and 15th price of billets from Ukrainian suppliers has taken more than $20 per ton, jumping from a sale price of $550 per ton CFR FO one main Italian port to $570 per ton.Considering freight component of $30-35 per ton for orders of 5,000 tons each, the selling…Details
It is reported that Ukrainian steel imports totaled 176,500 tons, three times that of the same period last year.During the first two months of this year:– square billet imports accounted for 30.1% in total, up by 22.8% YoY,– hot-rolled coil accounted for 27.9%, up by 12.1% YoY,– round steel accounted for 10.9%, up by 7%…Details
Mr. Jean Jouet, CEO of ArcelorMittal Kriviy Rih, said that the company plans in 2010 to increase its steel product output by about 22.6% YoY to 5.5 million tons.According to the sale and purchase agreement signed with the State Property Fund of Ukraine in 2005, the company undertook to produce at least 6 million tons…Details
According to the data released by metal trading enterprise Ukrainian Mining and Metallurgical Company (UGMK), in the first two months of 2010 Ukrainian imports of steel products amounted to about 176,500 tons, almost triple the volume for the same period last year. UGMK noted that in January to February the share of tubular billets in…Details
The Ukrainian flat steel producer Mariupol Ilyich Iron and Steel Works has announced the recommissioning of its open hearth furnace No 3 following capital repairs. The open hearth furnace No 3 was stopped in March 2008 mainly due to technical and technological reasons added to the effects of the global economic crisis, with some of the…Details
The Ukrainian pipe and railway wheel producer Interpipe Corporation has announced that in March this year it will supply 1,400 tons of pipes for the construction of terminal D at Ukraine’s Boryspil international airport in Kiev.Mr. Oleg Kuzmin, Interpipe director for corporate affairs, said “The construction of terminal D is one of the projects being…Details
It is reported that in January to February Dneprospetsstal increased rolled steel production in comparison to the related period of the previous year by 40.7% to 38000 tons. In February it produced 19000 tons of finished steel.In 2009 Dneprospetsstal reduced its production in comparison with 2008: crude steel down by 46.2% to 260,000 tons, rolled…Details