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In the first 7 months of the current year Ukraine’s scrap exports decreased by 4.3% YoY to 411,600 tons. In July alone Ukraine’s scrap exports decreased by 22.2% compared to June falling to 100,300 tons.In the first 7 months of the current year Ukraine’s scrap imports increased by 62 times compared to January to July…
DetailsThe investment bank Renaissance Capital said, Ukraine might not suffer to the extent it did when metals prices plunged during the global financial crisis three years ago.Analysts Ms. Anastasia Golovach and Mr. Ivan Tchakarov said, “Assuming the worst case scenario of declining commodity prices, which are crucial for Ukraine, the country may be less sensitive…
DetailsIn January to June period of the current year Ukraine’s largest vertically integrated mining and steel group Metinvest saw a 77.6% increase in its crude steel production – to 7.345 million tons, helped by the use of high quality coke. In particular, in the given period Metinvest saw a 73.4% YoY increase in its pig…
DetailsThe Mariupol Ilyich Iron and Steel Works, a subsidiary of the Ukraine-based vertically-integrated mining and steel group Metinvest, plans to build a new converter mill with a rolling mill. After the project realization, Ilyich will be able to produce 8.5-9.0 million tons of steel per year.Also, Ilyich plans to reconstruct its mill 1700 in order…
DetailsIt is reported that the Ukrainian steel-making industry will produce 30.7 MT of finished steel products, up by 9% YoY, and 34.7 million tons of steel, up by 6% YoY in 2011. These projected figures are 2% lower in comparison to the forecast issued by the ministry in May.According to Phoenix capital, “The event is…
DetailsIn January to July Lugansk Tube Plant increased its welded steel pipe production by 4% YoY to 132,000 tons.In August the mill plans to produce around 16-17,000 tons of welded pipes and to maintain its July work level on the back of steady demand from both local and foreign customers. (SteelOrbis)
Mr. Viktor Vekselberg’s Renova Group is in talks to buy metals assets of Viktor Pinchuk EastOne LLC.EastOne is looking to sell 25% of companies that control three ferroalloy plants and two iron ore processing facilities in Ukraine including the Nikopol Ferroalloy Plant. The stakes may be worth a total of $1.5 billion. (Kommersant)
ArcelorMittal Krivyi Rih steel production declined by 13.6% YoY in July from the same month a year ago.Mr. Alexander Ioskov, who heads the production department at ArcelorMittal Kryvyi Rih, said output fell to 425,100 tons from 492,100 tons.Steel production declined to 3.08 million tons in the first seven months of the year from 3.56 million…
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