Metinvest iron ore subsidiaries announce 5 months output results

It is reported that the iron ore subsidiaries of the Ukrainian mining and steel producing company Metinvest Holding have issued their production results for the first five months of 2010.Central GOKIn January to May this year, Central GOK increased its concentrate output by 43.8% YoY to about 2.492 million tons and saw an insignificant drop…

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ArcelorMittal Kriviy Rih plans to construct 5 continuous casters

According to Mr. Jeant Jouet, CEO of ArcelorMittal Kriviy Rih, at the ceremony of the start of construction of the first caster, the company intends to construct 5 continuous casters. The first continuous caster will be put into operation in September 2011. Total cost of the project will make around $100 million.The project provides construction…

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ArcelorMittal Kriviy Rih sees uncertain trend for recovery

ArcelorMittal Kriviy Rih, the Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, has said that it is keeping its production capacity aligned with market requirements, as the trend for the recovery of the market is uncertain and as it has been experiencing a certain slowdown affecting export orders in the latter…

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APRIL 2010

UKRAINE&RUSSIA: STEEL-MAKING PIG IRON UKRAINE&RUSSIA: FOUNDRY PIG IRON Month Russian market, $/t, $1/RUR31.38* min max March 333.01 513.07 April 333.01 513.07 Month Ukrainian market, $/t without VAT, $1/UAH 5.33* min max March 602.06 619.14 April 766.04 804.88 * – the US dollar exchange rate has been fixed to avoid exchange rate differences.  (Ukrainian Metal) UKRAINE&RUSSIA:…

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Review of coated steel scenario in Ukraine

Rusmet reported that flat steel with anticorrosion covers gains more popularity in Ukraine despite the general downturn, however national manufacturers are still not ready to meet market demand. Though, huge imported quantities and general growth of steel consumption facilitated construction of new galvanizing and coating capacities in Ukraine.Till recent times there were only three galvanized…

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