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It is reported that Mechel, one of the leading Russian mining and steel groups, has denied the media rumors that it is in the process of acquiring the Ukrainian steel producer Donetsk Electrometallurgical Plant, the mini-mill previously known as ISTIL.Mr. Alexander Tolkach, director of Mechel’s department of communications, said “We categorically deny this information.”Donetsk Electrometallurgical…
DetailsThe Cyprus-registered holding company Centravis Ltd. announced that in 2009 its Ukrainian seamless stainless steel tube producing subsidiary Centravis Production Ukraine, based in the Nikopol city, saw a 41.08% YoY decrease in its tube production to 9,771 tons. Meanwhile, in 2010 it is planned that the subsidiary will increase its output by 48.4% YoY to…
DetailsAccording to Mr. Jean Jouet, CEO of ArcelorMittal Kriviy Rih, the Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, the company plans in 2010 to invest more that $200 million into the implementation of its modernization projects.Mr. Jouet said “After the slowdown in 2009, this year we intend to increase our…
DetailsMr. Sayyid Fahad bin Mahmood Al-Said Omani, Deputy Prime Minister for the Council of Ministers, said at a meeting with Mr. Petro Poroshenko, Ukraine Foreign Minister, that the Sultanate of Oman would not impose restrictive sanctions on Ukrainian steel products.Mr. Proshenko paid an official visit to the Sultanate of Oman on February 21st where he…
DetailsAccording to Mr. Taras Shevchenko, CEO of the Alchevsk Iron and Steel Works, the company has restarted full capacity operations at three of its four blast furnaces. Operations at two of the four BFs were stopped during the global economic crisis due to the shortage of raw materials, while the other two BFs were operating…
DetailsThe Ukrainian steelmaker Zaporizhstal has announced that it plans to start the cold testing of its new pulverized coal injection plant in early April this year and to begin testing with raw coal and coal dust in early May.Zaporizhstal has finished the main construction works at the PCI plant and the subcontractors have started the…
DetailsArcelorMittal Kriviy Rih has announced that it has approved of a new quality policy, placing clear focus on customer and customer relations optimization which has become of utmost importance due to the overcoming of the consequences of the crisis in the steel consumer market.Mr. Jean Jouet, CEO of ArcelorMittal Kriviy Rih, said “Unlike in the…
DetailsThe Ukrainian Electrometallurgical Works Dneprospetsstal announced that it has placed an order to Austria-based giant engineering and plant making company Siemens VAI Metals Technologies for the supply of a new electric arc furnace (EAF-60) for the smelting of special steel grades. The total cost of the order amounts to EUR 10 million.The new EAF-60 with…
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