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Mr. Oleksandr Liubarev, CFO of Donetskstal Group, a large Ukrainian coal, coke, cast iron and rolled steel manufacturer, said that the company expected that in 2012 the group would see $171 million in net profit, 45% less than on 2011.He added that thanks to the debt restructuring conducted last year, the debt burden in coming…
DetailsIn January to April 2012 the crude steel production of ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of the global steel giant ArcelorMittal, totaled 2.0467 million tons, up by 11.8% YoY.In addition, in the first four months of the year ArcelorMittal Kryvyi Rih registered a 9.9% increase YoY in its finished steel output to 1.7608 million tons.…
DetailsAccording to the data, issued by Ukraine’s Cabinet of Ministers, in the first four months of 2012 Ukraine registered increase of 1.2% YoY in its finished steel product output to 9.659 million tons, a 0.6% rise in its pig iron production to 9.604 million tons, but a 4.7% decrease in its crude steel output to…
DetailsAccording to the information from Ukraine’s Ministry of Economy, importers of steel pipes to Ukraine used 89.05% of their annual quota for imports of steel seamless casing and tubing with diameters up to 406.4 mm.For the period from October 1, 2011 to September 30, 2012 the quota in question is 16,753 tons. Of this figure…
DetailsUkrainian Mining and Metallurgical Company, a major metals trader, reported that demand for rolled metal products in Ukraine fell by 2.9% YoY in the first quarter of 2012 to 1.693 million tons.Mr. Vitaliy Kliuchnik, the company deputy CEO for sales, said “We estimate the Ukrainian market for rolled metal products amounted to 1.693 million tons…
DetailsUkrainian steelmaker Dneprovsky Iron and Steel Works named after F. Dzerzhinsky, a subsidiary of the Ukrainian steel producer Industrial Union of Donbass, has stated that it plans to increase crude steel production in the current year by 10.9% YoY compared to 2011 to 3.551 million tons.In 2012 its production of pig iron will rise by…
DetailsIn the January to March period of 2012 Ukraine’s exports of steel products decreased by 11.3% YoY to 5.414 million tons. In March Ukraine’s steel product exports increased by 19.2% compared to February to 1.818 million tons. In the first three months of the current year Ukraine registered a 62.7% increase YoY in its steel…
DetailsIn the first three months of 2012 Ukraine’s scrap exports increased by 82% YoY to 123,900 tons.In March Ukraine’s scrap exports rose by 25.2% compared to February to 34,300 tons. In the first three months of the current year Ukraine’s scrap imports decreased by 58.5% compared to January to March 2011 to 19,500 tons. (SteelGuru)
In January to March 2012 Ukrainian exports of pig iron increased by 4.4% YoY to 352,100 tons.In March exports of pig iron from Ukraine decreased by 17.9% compared to February to 86,700 tons. In January to March Ukrainian imports of pig iron decreased by 86.6% YoY to 8,000 tons. (SteelGuru)
The Donetskstal Group is in talks on the acquisition of Zelezara Smederevo steel mill in Serbia.The press service of private joint-stock company Donetskstal Metallurgical Plant said “Information on the stoppage of talks, that have appeared in media reports, are rumors that are not true. At present, the Serbian government is considering the possibility of participating…
DetailsArcelorMittal Ukrainian unit said steel production rose by 5.9% YoY in March as equipment was fixed.ArcelorMittal Kryvyi Rih production jumped to 505,100 tons from 476,900 tons in March 2011. First quarter output was 7.3% higher at 1.47 million tons, while crude steel production grew by 7.5%, to 1.47 million tons. (SteelGuru)
Ukraine’s Economic Development and Trade Ministry considers accusations of dumping against Ukrainian pipe producers by their European competitors to be unfounded, and it will help these companies in the investigation launched by the European Commission.Mr. Valeriy Pyatnytsky, Ukrainian government commissioner for European integration, said “We are writing our commentaries and registering ourselves as an interested…
DetailsAccording to the State Statistics Committee of Ukraine, in the first two months of the current year Ukraine’s ferrous metal exports decreased by 4.6% YoY to 4.1 million tons, including 331,000 tons of steel pipes, up by 11% YoY. (SteelOrbis)