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It is reported that Cyprus-based company Daveze Limited has acquired a 100% stake in Ukraine’s Donetsk Electrometallurgical Plant, the mini-mill previously known as ISTIL.Accordingly, the Cypriot company has bought 392,767,872 shares representing 100% of the company authorized capital. The financial details of the deal have not been disclosed.In August 2009 the management of Donetsk Electrometallurgical…
DetailsIt is reported that between March 12th and 15th price of billets from Ukrainian suppliers has taken more than $20 per ton, jumping from a sale price of $550 per ton CFR FO one main Italian port to $570 per ton.Considering freight component of $30-35 per ton for orders of 5,000 tons each, the selling…
DetailsIt is reported that Ukrainian steel imports totaled 176,500 tons, three times that of the same period last year.During the first two months of this year:– square billet imports accounted for 30.1% in total, up by 22.8% YoY,– hot-rolled coil accounted for 27.9%, up by 12.1% YoY,– round steel accounted for 10.9%, up by 7%…
DetailsMr. Jean Jouet, CEO of ArcelorMittal Kriviy Rih, said that the company plans in 2010 to increase its steel product output by about 22.6% YoY to 5.5 million tons.According to the sale and purchase agreement signed with the State Property Fund of Ukraine in 2005, the company undertook to produce at least 6 million tons…
DetailsAccording to the data released by metal trading enterprise Ukrainian Mining and Metallurgical Company (UGMK), in the first two months of 2010 Ukrainian imports of steel products amounted to about 176,500 tons, almost triple the volume for the same period last year. UGMK noted that in January to February the share of tubular billets in…
DetailsThe Ukrainian flat steel producer Mariupol Ilyich Iron and Steel Works has announced the recommissioning of its open hearth furnace No 3 following capital repairs. The open hearth furnace No 3 was stopped in March 2008 mainly due to technical and technological reasons added to the effects of the global economic crisis, with some of the…
DetailsThe Ukrainian pipe and railway wheel producer Interpipe Corporation has announced that in March this year it will supply 1,400 tons of pipes for the construction of terminal D at Ukraine’s Boryspil international airport in Kiev.Mr. Oleg Kuzmin, Interpipe director for corporate affairs, said “The construction of terminal D is one of the projects being…
DetailsIt is reported that in January to February Dneprospetsstal increased rolled steel production in comparison to the related period of the previous year by 40.7% to 38000 tons. In February it produced 19000 tons of finished steel.In 2009 Dneprospetsstal reduced its production in comparison with 2008: crude steel down by 46.2% to 260,000 tons, rolled…
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