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Metinvest launches BOF steel rails production

Metinvest is launching BOF steel rails production at Azovstal Iron and Steel Works. The manufacturing procedure for the rails production has been approved by Azovstal’s strategic partner Ukrzaliznytsya.Metinvest experts together with the State Research and Development Center of Ukraine have developed and evaluated the manufacturing practice for BOF steel rails and all delivery trials have…


Ukrainian coke exports up by 39% in Q1

According to the official data for the Q1 of the current year, Ukrainian exports of metallurgical coke increased by 39.4% YoY to 43,481 tons.In March alone, coke exports from Ukraine increased by 105.9% compared to February, rising to 227,900 tons, and were up by 126.9% YoY. In 2010 Ukraine’s coke exports increased by 59% YoY…


Ukrainian steel consumption expected to increase by 15% in 2011

Ukraine’s steel total consumption in 2011 was expected to reach 8.2 million tons, up by 10-15% from a year earlier.Furthermore, it is expected to have more remarkable increase on the steel tube sector and mechanical engineering. Meanwhile, it’s known that Zaporizhstal, Ukraine’s fourth largest steel maker, increased its steel shipment by 90 thousand tons in…


Ukrainian steel makers report negative results for Q1 2011

Ukrainian steel companies reported their financial statements for the Q1 2011, which turned out to be much worse than expected.Yenakievo Iron and Steel Works posted negative EBITDA of $45 million which increased 1.5 times YoY, net losses almost doubled to $52 million. Mariupol Ilyich Iron and Steel Works’ net losses increased by a factor of…


Ukrainian market of commercial products – first priority for Metinvest

Metinvest will become the first and only company in Ukraine to offer clients a maximum wide product range of structural shapes. Starting with Q2 of 2011 the network of service metal centers will be able to offer a full product range of structurals for their clients, including items that were not available before. The output…


March 2011

UKRAINE&RUSSIA: STEEL-MAKING PIG IRON UKRAINE&RUSSIA: FOUNDRY PIG IRON UKRAINE&RUSSIA: ROUND BILLETS UKRAINE&RUSSIA: SQUARE BILLETS Month Russian market, $/t, $1/RUR31.38 Ukrainian market, $/t without VAT, $1/UAH 5.33* min max min max February 464.82 774.38 791.76 1008.90 March 806.25 857.23 791.76 1008.90 Month Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports…