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March 2012

UKRAINE&RUSSIA: STEEL-MAKING PIG IRON UKRAINE&RUSSIA: FOUNDRY PIG IRON Month Russian market, $/t, $1/RUR32.1961* min max Feburary 496.95 590.13 March 496.95 590.13 Month Ukrainian market, $/t without VAT, $1/UAH7.9898* min max Feburary 563.22 588.25 March 563.22 588.25 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.12 according to the National Bank of…


Ukraine issues production results for the first three months of 2012

According to the data issued by Ukraine’s Cabinet of Ministers, in the first three months of the current year Ukraine registered a 0.3% decrease YoY in its finished steel product output to 7.103 million tons, a 5.5% decrease in its crude steel output to 8.190 million tons and a 0.1% decline in its pig iron…


Interpipe to shutdown Interpipe Nizhnedneprovsk Pipe open-hearth furnace

Interpipe, one of the leading steel pipe producers in Eastern and Central Europe, plans to close Interpipe Nizhnedneprovsk Pipe open-hearth furnace capacities in Q4 2012 while its output will be fully indemnified with Dneprostal electric furnace steel production.Project capacity for Dneprostal in 2012 is estimated at 700,000 tons of assembled steel, while Interpipe Nizhnedneprovsk Pipe…


ArcelorMittal Kriviy Rih crude steel output up by 8% in January to February 2012

In the January to February period of the current year the crude steel production of ArcelorMittal Kriviy Rih, the Ukrainian subsidiary of the global steel giant ArcelorMittal, totaled 958,100 tons, up by 7.6% the first two months of the year ArcelorMittal Kriviy Rih registered a 6.3% increase YoY in its finished steel output to…