It is reported that Mariupol Ilyich Iron and Steel Works, one of the three largest steel mills in Ukraine, plans to increase its statutory fund by 3.7 times to UAH 3.093 billion.The increase of the company statutory fund was put on the agenda of a general meeting of the company’s shareholders scheduled for July 1st.According…Details
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Ukrainian analysts said a likely combination between the Mariupol Ilyich Iron and Steel Works and the Metinvest conglomerate would create one of the world’s top 20 steel firms.Mr. Andrei Gerus, head of consulting at Concorde Capital, says Metinvest is currently the world’s 30th biggest steel producer. It is also the world’s seventh biggest iron ore…Details
According to Mr. Ruslan Mazhinsky, marketing director of the trading and distribution company Ukrainian Mining and Metallurgical Company, in 2010 Ukrainian consumption of rolled steel products is expected to increase by 15-16% YoY to about 5.7 million tons.Mr. Mazhinsky said, in the first half of 2010 the Ukrainian domestic market was seeing demand growth mainly…Details
Donetskstal (DMZ) stops the second of its two blast furnaces because of price fall at steel markets and price growth at raw materials market.Today the furnace is in the stopping stage reported recently by the deputy head of press department Ms. Julia Revyakina. According to her words, the furnace is stopped for a period around…Details
Local newspaper Delo has reported citing Mr. Christophe Cornier, member of ArcelorMittal group management board, as saying ArcelorMittal Kriviy Rih intends to implement a project for processing oxidized ores.Mr. Cornier said “We produce 8 million tons of sinter per year and, with the introduction of oxidized ore processing technology, the production will double.”The management of…Details
According to the data released by metal trading enterprise Ukrainian Mining and Metallurgical Company (UGMK), in the first five months of 2010 Ukraine imports of rolled steel products increased by 122.7% YoY amounting to about 502,900 tons. In May Ukraine increased its imports of rolled steel products by 16.4% compared to April and by 74%…Details
It is reported that Ukraine’s national energy company Naftogaz has started to limit gas supplies to the most indebted domestic steel producers, i. e. to the Mariupol Ilyich Iron and Steel Works and Dneprovsky Iron and Steel Works named after F. Dzerzhinsky (DMKD), a subsidiary of the Ukrainian steel producer Industrial Union of Donbass (ISD),…Details
According to the data issued by the Ukrainian association of metal producers Metallurgprom, in Q1 2010 Ukrainian steelmakers, members of Metallurgprom, invested a total of UAH 620.8 million in the expansion of their production facilities, down by 39.4% YoY compared to Q1 2009. Amount, million UAH Change, % Donetsk region 267.9 -49.1 Mariupol Ilyich Iron…Details
It is reported that the Donetsk Electrometallurgical Plant, the mini-mill previously known as ISTIL, is resuming its investment projects and plans in 2010 to invest UAH 15 million in production upgrades.Accordingly, DEMZ has placed a UAH 3.5 million order with equipment producer Vesuvius for the supply of calibrated nozzle changers, the installation of which will…Details
According to the Ukrainian association of metal producers Metallurgprom, in May this year Ukraine’s average daily pig iron output decreased by 4,900 tons compared to April to 77,400 tons as the Ukrainian steel producers cut their outputs due to weak demand and the problems experienced by some local steelmakers in securing iron ore supplies.Metallurgprom said…Details
It is reported that the steelmaking subsidiaries of the Ukrainian steel producer Industrial Union of Donbass, namely Alchevsk Iron and Steel Works and Dneprovsky Iron and Steel Works named after F. Dzerzhinsky (DMKD), have sharply decreased their steel outputs in late May to early June.According to Ukrainian association of metal producers Metallurgprom, when its operations…Details
Yenakievo Iron and Steel Works, a part of Metinvest Group, in May produced 183,800 tons of cast iron and 217,200 tons of steel. Rolled product shipments comprised 208,800 tons. Product May 2010, th. t April 2010, th. t Change, % Cast iron 183.8 185 -0.6 Steel (smelting) 217.2 216.4 0.4 Rolled product 208.8 208.3 0.2…Details
Leading steel pipe and railway wheels maker Interpipe has strengthened its position in the energy market in the Middle East with pre-qualifications from the region’s leading oil and gas companies.In the first half of 2010 Interpipe gained pre-qualification from the Ministry of Oil and Gas of the Sultanate of Oman, the Abu Dhabi Company for…Details