Interpipe is continuing the construction of its new electric steel smelting complex Interpipe Steel with capacity of 1.32 million tons of steel billets per year. Currently, construction works at the building site are 72% complete.The continuous casting machine 1 and continuous casting machine 2, a ferroalloy warehouse, gas-cleaning and chemical water treatment sets are nearing…
DetailsUkraine’s electric steel smelting plant Electrostal has been forced to temporarily stop production due to high domestic scrap prices, which have increased by 10% since the beginning of February to UAH 3,300 per ton.Electrostal said that the production stoppage might last a week or slightly more, until the big steelmaking companies in the region satisfy…
DetailsAccording to the data, released by the metal trading enterprise Ukrainian Mining and Metallurgical Company, in January Ukraine’s imports of rolled steel products increased by 44.4% YoY, but decreased by 19.6% compared to December 2010 amounting to 119,300 tons.In the first month of January one quarter of overall rolled steel imports to Ukraine were accounted…
DetailsZaporozhye Ferro Alloys Plant (ZZF), one of the largest Ukrainian ferroalloy producers, has been forced to close 15 of its 21 furnaces and currently operates at just 30% of its capacities due to the increase in electricity costs.Mr. Pavel Kravchenko, ZZF chairman, said following the decision of Ukraine National Electricity Regulatory Commission to switch the…
DetailsIt is reported that Alchevsk Iron and Steel Works (ALMK) has announced a net loss of UAH 1,013 million in FY 2010 implying the net loss of UAH 261 million in Q4 2010.According to Millennium Capital, “The news is neutral for ALMK. The Q4 2010 loss of UAH 261 million is 1.7 x smaller than…
DetailsAccording to the data issued by the State Statistics Committee of Ukraine, in 2010 Ukrainian metallurgical sector registered an aggregate loss of UAH 3.84 billion compared to the aggregate loss of UAH 9.578 billion in 2009.In 2010 53.6% of the total number of Ukrainian metallurgical companies posted a combined profit of UAH 4.7 billion while…
DetailsAccording to Mr. Rinat Starkov, CEO of ArcelorMittal Kriviy Rih, the company saw its net profit in 2010 increase to UAH 1.2 billion from a net loss of about UAH 120 million registered in 2009.Mr. Starkov said that the gross profit of the company in 2010 went up by 147% YoY to UAH 4.43 billion.…
DetailsIt is reported that the Ukrainian flat steel producer Mariupol Ilyich Iron and Steel Works, which merged with Ukraine’s largest mining and steel group Metinvest in July 2010, is planning to significantly increase its output within the priorities set out by Metinvest and is considering a radical modernization of its production facilities.Mr. Vladimir Boyko, GD…
DetailsIt is reported that ArcelorMittal Kriviy Rih, the Ukraine-based subsidiary of the world’s largest integrated metals and mining company ArcelorMittal, has announced that due to technical issues, in January it saw a YoY decrease in output, producing 447,300 tons of crude steel, down by 16%, 389,900 tons of pig iron, down by 16%, and 422,200…
DetailsUKRAINE&RUSSIA: STEEL-MAKING PIG IRON Month Russian market, $/t, $1/RUR31.38* Ukrainian market, $/t without VAT, $1/UAH 5.33* min max min max November 360.10 478.01 694.18 731.71 December 360.10 478.01 694.18 731.71 Month Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max November 445.00 450.00 460.00 470.00 December…
DetailsIt is reported that in January the Ukrainian steel industry increased its natural gas consumption by 20 million cubic meters compared to December 2010 to 516 million cubic meters with the average daily consumption of natural gas during the month totaling 16.65 million cubic meters up from 16 million cubic meters in the previous month.According…
DetailsAccording to the Ukrainian association of metal producers Metallurgprom, in January Ukraine’s average daily pig iron output was almost unchanged from the December 2010 level, seeing a very slight increase from 77,600 tons to 77,800 tons. Product Average daily output in January, t Monthly output in January, t Pig iron 77,800 2,411,000 Crude steel 92,400…
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