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ArcelorMittal Kriviy Rih facing VAT refund problem in Ukraine

Rusmet reported that Mr Arno Poupar Lafarge Executive Vice President of ArcelorMittal considers that no return of VAT to ArcelorMittal Kriviy Rih is a specific for Ukraine method of authorities to steal money from business. Mr Lafarge said “Our company is represented in many countries of the world and in some of them economic situation…


IUD Alchevsk and DMKD production results for 7 months

It is reported that Alchevsk Iron and Steel Works and Dneprovsky Iron and Steel Works named after F Dzerzhinsky the steelmaking subsidiaries of the Ukrainian steel producer Industrial Union of Donbass have issued their production results for the first seven months of the current year. Accordingly, in January to July 2010 Alchevsk Iron and Steel…


ArcelorMittal Kriviy Rih reports July production results

OJSC ArcelorMittal Kriviy Rih announced its July production results. Product types Jul’10 Jul’09 Jan-Jul’10 Jan-Jul’09 Pig iron 419.4 458.5 3,083.2 2,485.5 Steel 492.4 523.6 3,556.5 2,810.0 Rolled products 416.1 443.2 3,054.0 2,570.1 In thousand tonnes Mr V Vaideeswaran CFO of ArcelorMittal Kriviy Rih said “July production was stable with no major operational problems. As for…


Ukrainian steelmakers may face losses due to gas price hike – Metallurgprom

According to the Ukrainian association of metal producers Metallurgprom, Ukrainian steelmakers could face losses from operations due to the increase as of August 1st 2010 the ceiling price on natural gas for industrial consumers and budget funded organizations by 9.76% to UAH 2,187.2 per 1,000 cubic meters excluding VAT, surcharges, transportation, distribution and supply costs.…


Ukrainian ferroalloy plants cutting output

Ukrainian Journal quoted UkrFA, ferroalloy maker association, as saying that Zaporozhye Ferro Alloys Plant, Ukraine No 2 ferroalloy producer, would probably suspend production of silicomanganese this month due to weak demand on world and domestic markets.The association said the company, which currently operates at 25% of its capacity, has been gradually reducing output of ferroalloys…