Millennium capital cited Mr Shevchenko CEO of Alchevsk Steelworks as saying that the company plans to cover H1 2009 losses till the end of the year. According to the report, the company resumed pre crisis volume of production and this exactly is the base for this optimistic statement. But the situation on the market remains…Details
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It is reported that the Ukrainian government is negotiating with Thailand for the reduction of customs import duty on steel products from Ukraine. The total volume of commodity turnover between Ukraine and Thailand in the current year up to September reached a value of USD 170.2 million of which about 90% of the Ukrainian total…Details
According to the data released by metal trading enterprise Ukrainian Mining and Metallurgical Company during January to August of 2009 Ukraine imports of steel products registered a decline of 63.3%YoY to 462,000 tonnes with its August imports decreasing by 13.5%MoM to 12,200 tonnes. UGMK considers that the main factors causing the decline of imports to…Details
It is reported that Dneprovsky Iron and Steel Works named after F. Dzerzhinsky a subsidiary of the Ukrainian steelmaker Industrial Union of Donbass has started the second grade overhaul of its blast furnace No 12. As per report, the overhaul will include replacement of the blast furnace charging device and of the components of its…Details
It is reported that the State Property Fund of Ukraine has sold the state last stake equal to 0.1% of shares in ArcelorMittal Kriviy Rih for a total of UAH 54.819 million through the Ukrainian Interbank Currency Exchange. The buyers of the shares in question were the Ukrainian investment companies Dragon Capital and Concorde Capital…Details
Rusmet reported that the prices of flat steel products increased during last wee. Prices of Zaporozhstal jumped by UAH 140 per tonne and now its hot rolled sheets in 2mm to 8 mm thickness are costing UAH 4650 per tonne to UAH 4720per tonne, VAT 20% included. Hot rolled plates 10mm to 30 mm of…Details
According to Mr Alexander Babikov head of the company supervisory board, Ukraine Donetsk Electrometallurgical Plant, the mini mill previously known as ISTIL intends to restart its production operations in the second half of September. Mr Babikov said in September Donetsk Electrometallurgical Plant plans to produce 63,000 tonnes of square billets of which 50,000 tonnes will…Details
It is reported that the increase of steel production in Ukraine during few last months has led to coke deficit. The Ukrainian Coke Association estimates the deficit at 1.4 million tones till the end of the year. The coke coal extraction decreased by 8.6%YoY to 15.19mn tones. It will take half a year for the…Details
Azovstal Steel Plant operating under umbrella of Metinvest Group held an ecological tree planting campaign in the Generation Park of Ordzhonikidze District in Mariupol. The campaign was held as a part of the events dedicated to the plant’s 76th anniversary. Among the participants were representatives of the city management, employees of the plant representatives of…Details
Khartsyzsk Pipe Plant, which is under Metinvest Group umbrella, produced 61,370 tonnes of big diameter pipes in August. In August the plant continued producing the pipes of the following diameter 1. 1,0675.9 mm 0 with external and internal anticorrosion coating 2. 1,2202.5 mm 6 with external anticorrosion coating. 3. 21,4205.7 mm and 1,4206.8 mm, 10G2FB…Details
Ukrainian Journal reported that Ukraine steel industry reduced finished roll output 30%YoY in January to August to 17.072 million tonne. According to the report, the industry cut roll output 34%YoY in January to July and in January to June, so the latest figures indicate that the severe decline in the industry is still slowing. (Ukrainian…Details
Ukrainian Journal reported that Donetsk’s System Capital Management announced it boosted consolidated audited pretax profit 70% to USD 3 billion in 2008 from USD 1.786 billion in 2007. According to the report, consolidated gross income tax expenditure grew to USD 805 million from USD 379 million. (Ukrainian Journal)Details
For flats products Black Sea market looked somewhat stable this week with most of the quotes at previous week levels. But, it is reported that a major Ukrainian mill proposed their HRC offer to a MEA buyer at around USD 535 per tonne on CFR basis. This indicates lowering of offer levels by USD 20…Details