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Azovstal Iron and Steel Works, part of the Metinvest Group, in June produced 4.23 million tons of cast iron and 4.84 million tons of steel.Production of rolled steel in June comprised 4.38 million tons. In June the works produced 1.79 million tons of bulk coke with 6% of moisture. Product June 2010, mln. t May…
DetailsAccording to the data issued by the State Statistics Committee of Ukraine, in January to May this year the country exports of ferrous metals increased in value by 47.3% YoY to $5.79 billion, while its exports of ferrous metal products went down by 17.3% YoY to $668.5 million. The share of exports of ferrous metals and…
DetailsAccording 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…
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