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Yenakievo Iron and Steel Works part of Metinvest Group signed the Joint Project Implementation Agreement with ING Bank NV. The Agreement stipulates service delivery in the field of the Kyoto Protocol mechanisms aiming at energy saving technologies implementation, reduction of environmental impact of the enterprise down to a technically feasible minimum and improvement of the…
DetailsIt is reported that Ukrainian steel producers are going to increase slab export by 50% MoM to 55% MoM to 430,000 tonnes to 450,000 tonnes in September. Azovstal kept on August level at 250,000 tonnes due to 100% usage of slabbing capacities. Illich Steelworks also maintained August export level at 45,000 to 50,000 tonnes while…
DetailsAccording to the data issued by metal trading enterprise Ukrainian Mining and Metallurgical Company, in January to August 2009 Ukraine steel market capacity registered a 42.9%YoY to about 3.643 million tonnes. In August this year steel product deliveries in the Ukrainian domestic market amounted to 600,000 tonnes. Ukrainian Mining and Metallurgical Company said “Since October…
DetailsAccording to the data issued by the Ukrainian Association of Metal Traders, in January to August 2009 the country registered a 47.6% decrease in rolled steel consumption YoY to approximately 3,220,381 tonnes. Meanwhile, during the period in question imports of rolled products to Ukraine went down by 71.1%YoY to 403,431 tonnes. Accordingly, in January to…
DetailsIt is reported that Ukrainian steel producer Ilyich Iron and Steel Works of Mariupol has announced that during the H1 of 2009 it has registered losses of UAH 700 million. Mr Vladimir Boyko CEO of Ilyich said “In the H1 of 2009 we registered minus UAH 350 million for commercial products, while according to our…
DetailsIt is reported that the Russian steel producer Severstal has announced that its subsidiary Severstal Ukraine, the key activity of which is selling zinc coated, polymer coated, hot rolled and cold rolled flats and profiled iron in the Ukrainian market, has renewed its cooperation with Interpipe Scientific and Industrial Production Group the Ukrainian holding company…
DetailsMillennium capital cited Mr Shevchenko CEO of Alchevsk Steelworks as saying that the company plans to cover H1 2009 losses till the end of the year. According to the report, the company resumed pre crisis volume of production and this exactly is the base for this optimistic statement. But the situation on the market remains…
DetailsIt is reported that the Ukrainian government is negotiating with Thailand for the reduction of customs import duty on steel products from Ukraine. The total volume of commodity turnover between Ukraine and Thailand in the current year up to September reached a value of USD 170.2 million of which about 90% of the Ukrainian total…
DetailsAccording to the data released by metal trading enterprise Ukrainian Mining and Metallurgical Company during January to August of 2009 Ukraine imports of steel products registered a decline of 63.3%YoY to 462,000 tonnes with its August imports decreasing by 13.5%MoM to 12,200 tonnes. UGMK considers that the main factors causing the decline of imports to…
DetailsIt is reported that Dneprovsky Iron and Steel Works named after F. Dzerzhinsky a subsidiary of the Ukrainian steelmaker Industrial Union of Donbass has started the second grade overhaul of its blast furnace No 12. As per report, the overhaul will include replacement of the blast furnace charging device and of the components of its…
DetailsIt is reported that the State Property Fund of Ukraine has sold the state last stake equal to 0.1% of shares in ArcelorMittal Kriviy Rih for a total of UAH 54.819 million through the Ukrainian Interbank Currency Exchange. The buyers of the shares in question were the Ukrainian investment companies Dragon Capital and Concorde Capital…
DetailsRusmet reported that the prices of flat steel products increased during last wee. Prices of Zaporozhstal jumped by UAH 140 per tonne and now its hot rolled sheets in 2mm to 8 mm thickness are costing UAH 4650 per tonne to UAH 4720per tonne, VAT 20% included. Hot rolled plates 10mm to 30 mm of…
DetailsAccording to Mr Alexander Babikov head of the company supervisory board, Ukraine Donetsk Electrometallurgical Plant, the mini mill previously known as ISTIL intends to restart its production operations in the second half of September. Mr Babikov said in September Donetsk Electrometallurgical Plant plans to produce 63,000 tonnes of square billets of which 50,000 tonnes will…
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