It is reported that the Ukrainian Government has extended the effect of the Memorandum on Mutual Understanding with steel and iron ore mining manufacturers through the end of 2010. This document has been approved at the meeting of the Cabinet of Ministers recently.As per report, this Memorandum was signed by owners of steel and iron…Details
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Dneprovsky Iron and Steel Works in November reduced the production of finished metal roll by 3% MoM down to 258,000 tons.The plant has increased steel production by 8.9% MoM to 281,000 tons and iron production by 7.1% MoM to 258,000 tons. The agglomerate production has been reduced by 2.5% MoM to 392,000 tons. (SteelGuru)
Alchevsk Metallurgical Plant in November reduced the production of finished metal roll by 12.7% MoM down to 254,000 tons.The plant has reduced steel production by 3.1% MoM down to 285,000 tons, iron production by 4.4% MoM down to 238,000 tons and the production of agglomerate by 6.9% MoM down to 376,000 tons. (SteelGuru)
It is reported that Ukrainian ArcelorMittal Kriviy Rih reduced finished rolled steel output in January to November 2009 by 20.4% YoY to 4.057 million tons, steel – by 23.9% to 4.540 million tons, iron – by 26.2% to 3.975 million tons, agglomerate – by 21.9% to 7.107 million tons.In November the plant produced 414,000 tons…Details
According to a source in the Cabinet of Ministers of Ukraine, ferrous scrap export in October this year in comparison to September decreased by 26.3% to 129,950 tonnes. Ferrous scrap export revenue decreased by 19.7% to USD 33.5 million. But as compared to October 2008, ferrous scrap export has increased in 3.9 times! In January…Details
Ukrainian Journal reported that Kiev based Smart Holding plans to challenge in court the results of the privatization of OJSC Kryvorizhstal, the largest mining and Metals Company in Ukraine a 93.02% stake in which was bought by Mittal Steel Germany at an open tender held on October 24th 2005. According to the report, the mill…Details
Interfax-Ukraine quoted the Industrial Policy Ministry said Ukraine steel industry reduced finished roll output 18%YoY in January to November to 24.417 million tonnes. The industry cut roll output 30%YoY in January to August, 27% in January to September and 23% in January to October, so the latest figures indicate that the severe decline in the…Details
Metinvest has developed a functional logistics scheme and commenced capsize deliveries of iron ore for exports. The first vessel with a freight carrying capacity of 195,000 tons has departed to China. The second bulk carrier of the similar class is being stowed. This is the first time when the raw materials produced by Metinvest Iron…Details
According to the data issued by metal trading enterprise Ukrainian Mining and Metallurgical Company, in January to October this year Ukraine consumed about 4.72 million tons of rolled steel products down by 37.8% YoY.In January to October 2009 Ukraine consumption of primary rolled steel products, excluding pipes was as follows: Product January-October 2008, t January-October…Details
JSC Yenakiievo Metallurgical Works part of Metinvest Group has completed a set of planned major overhauls at all the process stages of the enterprise. As a result of the Maintenance and Repair Program implementation, the core process equipment of the production shops has been upgraded and its performance capacities have been improved. M and R…Details
It is reported that in October, consumption of rolled metal increased by 19%MoM and reached 564,670 tonnes. This is the 2009 maximum to date. An increase in purchases was marked in machine building, iron ore and steel industry, railways, pipe makers and metal traders. However, consumption levels in construction, chemistry and food industry have declined.…Details
The Federal Antimonopoly Service of Russia supported an appeal by Russian oil firms to preserve duty free imports of Ukrainian pipes for oil and gas industry in 2010. The statement was related to the initiative of the Russian pipe makers to cut Ukrainian duty free imports by almost 2.5 times starting in 2010. The oil…Details
According to the data released by metal trading enterprise Ukrainian Mining and Metallurgical Company during January to October of 2009 Ukraine imports of steel products registered a decline of 63.5%YoY to about 591,000 tonnes. In October this year, the country steel product imports amounted to 62,100 tonnes down by 54.8%YoY and showing a decline of…Details