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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…
DetailsThe Ukraine-based vertically integrated mining and steel group Metinvest has completed the cold repair of the open hearth furnace No 6 at the open hearth shop of the Mariupol Ilyich Iron and Steel Works.The company invested around UAH 15 million in the repair works which took eight days. The previous repair of open hearth furnace…
DetailsUKRAINE&RUSSIA: STEEL-MAKING PIG IRON UKRAINE&RUSSIA: FOUNDRY PIG IRON UKRAINE&RUSSIA: ROUND BILLETS UKRAINE&RUSSIA: SQUARE BILLETS UKRAINE&RUSSIA: ROLLED WIRE UKRAINE&RUSSIA: SLABS Month Export, Ukraine, $/t, FOB Black sea ports min max June 650.00 660.00 July 605.00 610.00 Month Export, Russia, $/t, FOB Black sea ports min max June 640.00 660.00 July 600.00 650.00 * – Ukrainian Hrivna…
DetailsIt is reported that during the period from October 1 2010 to July 31 2011 importers of steel pipes to Ukraine used 88.33% of their annual quota for imports of steel seamless casing and tubing with diameters up to 406.4 mm. In the given period 14,094 tons of steel seamless casing and tubing were imported…
DetailsSteel output at Ukraine’s plants owned by Metinvest Holding rose by 8% YoY in January to July to 8.5 million tons.Metinvest, Ukraine’s largest mining and metals group, which is owned by the country richest man Rinat Akhmetov, operates three steel plants located in eastern Ukraine.The company also increased its pig iron production by 6% to…
DetailsIt is reported that Yenakievo Iron and Steel Works (ENMZ) increased net losses in H1 2011 by 29% YoY to $78 million, but cut them in half QoQ to $26 million in Q2. Azovstal Iron and Steel Works (AZST) posted $19 million in net losses in H1 2011 after recording $12 million in net profit…
DetailsAccording to the data for the first half of the current year, Ukraine’s steel pipe exports increased by 58.1% YoY to 880,060 tons worth a total of $1.070 billion. In June Ukraine’s steel pipe exports rose by 10.1% compared to May reaching 141,990 tons.In the first six months of 2011 Ukraine registered a 42.6% YoY…
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