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IUD Corporation and Litat Group Company have signed a contract to supply steel to the Middle East countries in the amount of 4.8 million tons within 2010. The agreement provides for the preliminary financing of production on the orders of Litat Group Company. IUD Corporation has been collaborating with Litat Group in the field of…
DetailsAccording to the World Steel Association data, Ukraine has secured eighth position among the largest countries-world steel producers in March having produced 2.995 million tons of metal.Ukraine in February attained the eighth place among the largest countries-world steel producers having produced 2.565 million tons of metal. In total, the world steel production this March against…
DetailsIt looks like Ukrainian steel billet sellers have broken the market for themselves. A lot of companies were keeping out of the market till the last time expecting to get some premium to the price.When players came to the market with the price of $645-660 per ton, it was just not accepted. It became obvious…
DetailsIt is reported that the government of the Russian Federation has charged Russia’s Ministry of Economic Development and Ministry of Foreign Affairs to negotiate with the Ukrainian side on the settlement of the duty free supply of certain types of steel pipes up to a certain quota from Ukraine.As of April 1st 2010, Russia has…
DetailsIt is reported that in comparison with Q1 2009 this year Ukrainian steelmakers increased exports of steel products by 4.6% to 5.664 million tons.In March compared to February export increased by 39.8% to 2.186 million tons.As for the product structure in export shipments in Q1 2010 compared to the same period of previous year, semis…
DetailsIt is reported that the Ukrainian steel group Donetskstal has denied reports that it has made a proposal to ArcelorMittal to create a JV for the production of coking coal at the Karagaylinskaya mine located in Russia’s Kemerovo region or to sell 50% of the mine to ArcelorMittal.It said “No negotiations are taking place in…
DetailsAccording to the Ukrainian association of metal producers Metallurgprom, during the Q1 2010 the Ukrainian steelmakers have continued to increase their average daily pig iron output by 18% YoY to 77,500 tons compared to 65,700 tons for the same period last year.In March Ukrainian average daily pig iron output rose by 8,000 tons MoM to…
DetailsAccording to the data issued by the Ukrainian Association of Metal Traders, in the Q1 of 2010 the country rolled steel products consumption registered an increase of 8.8% YoY to approximately 1.196 million tons.Accordingly, in Q1 this year Ukrainian pipe making companies increased purchases of domestic and imported rolled products by 3.2% YoY to 330,664…
DetailsIt is reported that the debts for VAT reimbursements to steelmakers continue to grow in Ukraine reaching a record amount of UAH4.5 billion as of April 1st. The Ukrainian Federation of Metallurgists has stated that “The inequality of VAT refunding during all the past years is very alarming.”As per report, of the total debt of UAH4.5…
DetailsIn March Khartsyzsk Pipe Works, JSC, part of Metinvest Group, produced 11,890 tons of large diameter pipes, which is by 11,540 tons over February pipe production. March 2010 results. Product March 2010, t February 2010, t Change, % Large diameter pipes 11,893 353 3,368.8 Product January-March 2010, t January-March 2009, t Change, % Large diameter…
DetailsIt is reported that in 2009 the Ukrainian flat steel producer Mariupol Ilyich Iron and Steel Works saw its steel product exports fall by 14.72% YoY to 3.123 million tons being affected by the global decline in steel demand.In 2009 the company exported to 69 countries. With the largest importers of Ilyich steel products being…
DetailsAzovstal Iron and Steel Works, part of the Metinvest Group, in March produced 406,100 tons of cast iron and 476,400 tons of steel. Output of rolled products in March comprised 451,100 tons.In March the plant produced 173,600 tons of bulk coke with 6% of moisture. March 2010 results. Product Macrh 2010, th. t February 2010,…
DetailsDonetsk Electrometallurgical Plant, previously known as ISTIL, has announced that, following a one month stoppage, on April 10th it restarted its production operations at its electric arc furnace shop.According to the company statement, in April this year DEMZ is planning to produce up to 50,000 tons of continuous cast billet, which will be exported to…
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