According to Mr. Jean Jouet, CEO of ArcelorMittal Kriviy Rih, the Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, the company plans in 2010 to invest more that $200 million into the implementation of its modernization projects.Mr. Jouet said “After the slowdown in 2009, this year we intend to increase our…Details
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Mr. Sayyid Fahad bin Mahmood Al-Said Omani, Deputy Prime Minister for the Council of Ministers, said at a meeting with Mr. Petro Poroshenko, Ukraine Foreign Minister, that the Sultanate of Oman would not impose restrictive sanctions on Ukrainian steel products.Mr. Proshenko paid an official visit to the Sultanate of Oman on February 21st where he…Details
According to Mr. Taras Shevchenko, CEO of the Alchevsk Iron and Steel Works, the company has restarted full capacity operations at three of its four blast furnaces. Operations at two of the four BFs were stopped during the global economic crisis due to the shortage of raw materials, while the other two BFs were operating…Details
The Ukrainian steelmaker Zaporizhstal has announced that it plans to start the cold testing of its new pulverized coal injection plant in early April this year and to begin testing with raw coal and coal dust in early May.Zaporizhstal has finished the main construction works at the PCI plant and the subcontractors have started the…Details
ArcelorMittal Kriviy Rih has announced that it has approved of a new quality policy, placing clear focus on customer and customer relations optimization which has become of utmost importance due to the overcoming of the consequences of the crisis in the steel consumer market.Mr. Jean Jouet, CEO of ArcelorMittal Kriviy Rih, said “Unlike in the…Details
The Ukrainian Electrometallurgical Works Dneprospetsstal announced that it has placed an order to Austria-based giant engineering and plant making company Siemens VAI Metals Technologies for the supply of a new electric arc furnace (EAF-60) for the smelting of special steel grades. The total cost of the order amounts to EUR 10 million.The new EAF-60 with…Details
Metinvest wholesale channel, Metinvest-Ukraine Company, in 2010 will perform as the strategic partner of Azovmash OJSC in terms of rolled metal products supplies. This will increase monthly average shipment volumes to Azovmash by 7 times from 2,000 tons per month in 2008 to 2009 to 14,000 tons per month in 2010.82% of the total sales…Details
According to the Ukrainian Mining and Metallurgical Company, in January domestic steel products consumption in Ukraine was down by 11.3% on December 2009 but up by 31% on January 2009.Import share in January 2010 amounted 20.5% which is 4 times as much as in January 2009 and up by 7% on 2009.The consumption of all…Details
UKRAINE&RUSSIA: STEEL-MAKING PIG IRONUKRAINE&RUSSIA: FOUNDRY PIG IRON UKRAINE&RUSSIA: ROUND BILLETS UKRAINE&RUSSIA: SQUARE BILLETS UKRAINE&RUSSIA: ROLLED WIREUKRAINE&RUSSIA: SLABS UKRAINE&RUSSIA: REINFORCEMENT STEEL, CLASS A1, A3UKRAINE&RUSSIA: ROUNDS, SQUARES UKRAINE&RUSSIA: BEAMS, CHANNEL Month Russian market, $/t, $1/RUR31.38* Ukrainian market, $/t without VAT, $1/UAH 5.33* min max min max November 534.10 913.00 703.56 1299.25 December 534.10 913.00 703.56 1299.25…Details
According to the Ukrainian Association of Metal Traders in January Ukraine’s large and medium steel trading companies purchased about 79,192 tons of rolled steel products, including purchases from local mills and also imports up by 14% YoY.In the first month of the current year the main local steel traders decreased their imports of rolled steel…Details
According to the data released by England Steel Statistics Bureau, Ukraine exported 23.786 million tons of steel in 2009 totally down by 16% from the 28.375 million tons in 2008. Although export decreased, Ukraine is still the fourth largest steel exporter, behind to Japan, EU 27 bodies and Russia.In 2009, Ukraine semi-finished steel exports were…Details
It is reported that the Alchevsk Iron and Steel Works plans to restart two blast furnaces on February 20 and run into operation with full capacity.These two blast furnaces were idled due to the lack of raw materials during the world financial crisis.The crude steel, finished steel products and pig iron output of Alchevsk was…Details
It is reported that in 2010 Ukraine is expected to increase the output of its main steel products by 7% YoY to 8% YoY, considering the data issued by the Ukrainian association of metal producers Metallurgprom based on the country’s steel output results for the first month of the year.Considering the production dynamics in January…Details