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The Ukrainian flat steel producer Mariupol Ilyich Iron and Steel Works, a part of the steel and rolled products division of the Ukrainian mining and steel producing group Metinvest, has estimated that the completion of the construction of its PCI facility for blast furnaces will require a further $100 million plus or minus 30%.In November…
DetailsThe Ukrainian flat steel producer Mariupol Ilyich Iron and Steel Works, a part of the steel and rolled products division of the Ukrainian mining and steel producing group Metinvest, said that in 2010 it reduced its average coke consumption per one metric ton of pig iron production by 3.5% YoY to 502 kilogram with a…
DetailsInterpipe is continuing the construction of its new electric steel smelting complex Interpipe Steel with capacity of 1.32 million tons of steel billets per year. Currently, construction works at the building site are 72% complete.The continuous casting machine 1 and continuous casting machine 2, a ferroalloy warehouse, gas-cleaning and chemical water treatment sets are nearing…
DetailsUkraine’s electric steel smelting plant Electrostal has been forced to temporarily stop production due to high domestic scrap prices, which have increased by 10% since the beginning of February to UAH 3,300 per ton.Electrostal said that the production stoppage might last a week or slightly more, until the big steelmaking companies in the region satisfy…
DetailsAccording to the data, released by the metal trading enterprise Ukrainian Mining and Metallurgical Company, in January Ukraine’s imports of rolled steel products increased by 44.4% YoY, but decreased by 19.6% compared to December 2010 amounting to 119,300 tons.In the first month of January one quarter of overall rolled steel imports to Ukraine were accounted…
DetailsZaporozhye Ferro Alloys Plant (ZZF), one of the largest Ukrainian ferroalloy producers, has been forced to close 15 of its 21 furnaces and currently operates at just 30% of its capacities due to the increase in electricity costs.Mr. Pavel Kravchenko, ZZF chairman, said following the decision of Ukraine National Electricity Regulatory Commission to switch the…
DetailsIt is reported that Alchevsk Iron and Steel Works (ALMK) has announced a net loss of UAH 1,013 million in FY 2010 implying the net loss of UAH 261 million in Q4 2010.According to Millennium Capital, “The news is neutral for ALMK. The Q4 2010 loss of UAH 261 million is 1.7 x smaller than…
DetailsAccording to the data issued by the State Statistics Committee of Ukraine, in 2010 Ukrainian metallurgical sector registered an aggregate loss of UAH 3.84 billion compared to the aggregate loss of UAH 9.578 billion in 2009.In 2010 53.6% of the total number of Ukrainian metallurgical companies posted a combined profit of UAH 4.7 billion while…
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