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According to the data issued by metal trading enterprise Ukrainian Mining and Metallurgical Company, in the first half of this year Ukraine consumed 2.93 million tons of rolled steel products, up by 36.2% YoY. In June Ukrainian consumption of rolled steel products decreased by 7.7% MoM and rose by 26.9% YoY. In H1 this year,…
DetailsIt is reported that steelmaking companies in Ukraine plan to cut their pig iron smelting by 1.3% to 2.270 million tons, steel smelting by 1.4% to 2.720 million tons and finished steel by 4.9% to 2.530 million tons in August compared to July.Mr. Vasily Kharahulah, MD of Metallurgprom, said daily average pig iron production in…
DetailsFitch Ratings shows rising raw material prices and VAT refund related liquidity concerns are exposing longstanding structural weaknesses in the Ukrainian steel industry and this could ultimately lead to a consolidation of producers.Mr. Peter Archbold, Senior Director in Fitch Industrials team, said “Given the challenges facing the Ukrainian industry at present, M&A transactions could represent…
DetailsSiemens VAI Metals Technologies will supply the ArcelorMittal Kriviy Rih in Ukraine with secondary metallurgical equipment, a six-strand billet caster and the requisite auxiliary systems. The order also includes a comprehensive service agreement under which Siemens VAI and DP Siemens Ukraine will provide services related to the local supply and service contracts for construction and…
DetailsAccording to the information issued by the Ukrainian Ministry of Economy, up to July 1st Ukraine utilized 37.37% of its annual quota for rebar exports to Russia and 97.53% of its yearly quota for cold-rolled steel exports to the same destination, supplying a total of 149,491 tons and 204,810 tons respectively.According to the agreement between…
DetailsIt is reported that ArcelorMittal Kriviy Rih, Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, in June this year managed to keep its production at reasonable levels, with three out of five blast furnaces running, despite the continuing difficult market conditions and the decreasing number of orders. Mr. V. Vaideeswaran, acting…
DetailsAccording to Ukrtruboprom, the Dnipropetrovsk-based Ukrainian pipe producers’ association, steel pipe production in Ukraine grew by 5.5% YoY in January to June to 774,700 tons. June output was 132,100 tons. (Ukrainian Journal)Much more about metal of Ukraine, Russia and other CIS-countries at https://metalukraine.com/
According to Metallurgprom in June Ukraine reduced steel smelting by 13.5% MoM compared to May to 2.46 million tons, finished products – by 24.1% to 2.15 million tons. Thus, in H1 Ukraine produced 16.34 million tons of steel, which is 17.9% more than in the same period last year, and 14.53 million tons of finished…
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