Ukrainian steel makers report negative results for Q1 2011

Ukrainian steel companies reported their financial statements for the Q1 2011, which turned out to be much worse than expected.Yenakievo Iron and Steel Works posted negative EBITDA of $45 million which increased 1.5 times YoY, net losses almost doubled to $52 million. Mariupol Ilyich Iron and Steel Works’ net losses increased by a factor of…

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Ukrainian market of commercial products – first priority for Metinvest

Metinvest will become the first and only company in Ukraine to offer clients a maximum wide product range of structural shapes. Starting with Q2 of 2011 the network of service metal centers will be able to offer a full product range of structurals for their clients, including items that were not available before. The output…

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March 2011

UKRAINE&RUSSIA: STEEL-MAKING PIG IRON UKRAINE&RUSSIA: FOUNDRY PIG IRON UKRAINE&RUSSIA: ROUND BILLETS UKRAINE&RUSSIA: SQUARE BILLETS Month Russian market, $/t, $1/RUR31.38 Ukrainian market, $/t without VAT, $1/UAH 5.33* min max min max February 464.82 774.38 791.76 1008.90 March 806.25 857.23 791.76 1008.90 Month Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports…

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ArcelorMittal Kriviy Rih sees drop in Q1 crude steel output

It is reported that ArcelorMittal Kriviy Rih’s, the Ukraine-based subsidiary of the world’s largest integrated metals and mining company ArcelorMittal, operations in March were stable with output being at the same level as in the first two months of the year. However, the company steel outputs both in March and in Q1 registered decreases compared…

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