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Metinvest becomes one of the priority sales channels for Moldavian Steel Works

Metinvest, a vertically integrated group of metals and mining companies, will commence sales of products from Moldavian Steel Works (MMZ).Nearly 33,000 tons of products will be shipped for Metinvest during the first month of production. Long rolled steel will be sold in Ukrainian market through the retail network of service metal centers of Metinvest SMC,…


April 2011

UKRAINE&RUSSIA: STEEL-MAKING PIG IRON UKRAINE&RUSSIA: FOUNDRY PIG IRON UKRAINE&RUSSIA: ROUND BILLETS UKRAINE&RUSSIA: SQUARE BILLETS UKRAINE&RUSSIA: ROLLED WIRE Month Russian market, $/t, $1/RUR27.5022* Ukrainian market, $/t without VAT, $1/UAH7.9654* min max min max March 755.58 925.38 694.63 840.13 April 750.49 925.38 694.63 840.13 Month Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black…


Azovstal to close open-hearth furnaces in May

Azovstal Iron and Steel Works plans to close outdated, energy inefficient open-hearth furnaces in May.Steel production capacity will decrease by 1.3-5.5 MT per year, with two converters left. Additionally, Azovstal gained approval at the end of April to produce rails from converter steel from its biggest rails customer, Ukrzaliznytsia.Until recently OHF steel was used. Azovstal…