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In the H1 of 2009 57 million UAH were invested in the PCI project at Zaporizhstal. Before the year is out, it is planned to invest about another 100 million UAH. Cold commissioning of the PCI plant is planned for December.Introduction of the PCI plant will take place step by step. Mastering of the plant…
DetailsKyiv Post reported that Mr. Sergiy Tigipko, a well known Ukrainian banker who has announced his intention to run for the presidency, believes that the global steel market has begun to revive and Ukrainian steelmakers should be prepared for this. He said that “The global steel market began to revive more quickly than expected. This…
DetailsThe Ukrainian mining and steel producing company Metinvest Holding has announced that in September this year it delivered to the Ukrainian domestic market as well as to CIS countries about 140,000 tons of shaped sections, long and flat-rolled steel products, up by 18.5% YoY. Accordingly, during the period in question Metinvest’s deliveries to the Ukrainian…
DetailsIt is reported that Canadian authorities decided to cut AD duty for Ukrainian rolled metal in 3 times after completion of the antidumping investigation.The duty for the rolled metal produced by Azovstal will be set at 14.7% and the duty for other Ukrainian steelmakers’ products at 20.2%. As per report despite the fact that prices…
DetailsFitch Ratings has assigned Ukraine based PJSC Azovstal Iron and Steel Works Long term foreign and local currency Issuer Default Ratings of ‘B’ and Short term foreign and local currency IDR of ‘B’. The Outlook on the Long term foreign currency IDR is Negative whilst that on the Long term local currency IDR is Stable.…
DetailsIt is reported that the Canada Border Services Agency has made its preliminary determination of the dumping investigation, pursuant to the Special Import Measures Act with respect to certain carbon steel plate and high strength low alloy steel plate originating in or exported from Ukraine.According to the preliminary determination, provisional duties are payable on the…
DetailsUkraine top steel mill owned by ArcelorMittal cut its raw steel production in January to September 2009 to 3.520 million tons, 35.7 tons lower than in the same period the previous year.The rolled steel production fell to 3.221 million tons in January to September 2009 from 4.663 million, while pig iron output fell to 3.088…
DetailsIt is reported that the major Ukrainian steelmakers have released their preliminary production results for the first nine months of 2009.1. Ilyich Iron and Steel Works of Mariupol reduced its finished steel product output by 38% and its pipe production by 62.5% YoY to 2.23 million tons and 26,800 tons respectively. Ilyich crude steel production…
DetailsMetinvest SevGOK has commissioned a hydraulic excavator. This is the first hydraulic excavator at Severniy GOK for its history. The excavator has been procured within the framework of the strategic program aimed at improving performance efficiency of Metinvest mining enterprises. Price of the excavator is USD 5.75 million. According to the enterprise specialists, HITACHI 3600hydraulic…
DetailsAccording to the information issued by the Ukrainian Ministry of Economy, up to October 1st this year Ukraine utilized 22.04% of its annual quota for rebars export to Russia and 45.74% of its new annual quota for cold rolled steel exports to the same destination, supplying a total of 80,002 tonnes and 96,057 tonnes respectively.…
DetailsIt is reported that Ukraine steel industry reduced finished roll output 27%YoY in January to September to 19.306 million tonnes. The industry cut roll output 34%YoY in January to July and 30% in January to August, so the latest figures indicate that the severe decline in the industry is still slowing. Crude steel production plummeted…
DetailsUkrainian Journal reported that Ukraine’s Yenakievo Iron and Steel Works one of the world’s largest producers of steel billets signed a Joint Implementation Project deal under the Kyoto Protocol with ING Bank seeking to reduce emissions of greenhouse gas. According to preliminary estimates, the project will help the company to reduce GHG emissions into the…
DetailsIt is reported that the Supreme Economic Court of Ukraine has approved the decisions of the courts of first and second instance for the legal collection of about of UAH 205.59 million from the Ukrainian steelmaker ArcelorMittal Kriviy Rih in favor of ferroalloys producer Zaporozhye Ferro Alloys Plant. As SteelOrbis has previously reported, the amount…
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