Interpipe becomes accredited employer of ACCA

Steel pipe and railway wheel producer Interpipe has passed the accreditation of the international Association of Chartered Certified Accountants. The status of Approved Employer demonstrates that the Company educational system and specifically the development of personnel in the financial department are in line with leading international practices.Mr. Oleksandr Cherniavskyi, CFO at Interpipe, said “The status…

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MAY 2010

UKRAINE&RUSSIA: STEEL-MAKING PIG IRONUKRAINE&RUSSIA: FOUNDRY PIG IRON UKRAINE&RUSSIA: ROUND BILLETS UKRAINE&RUSSIA: SQUARE BILLETS UKRAINE&RUSSIA: ROLLED WIRE Month Russian market, $/t, $1/RUR31.38* Ukrainian market, $/t without VAT, $1/UAH 5.33* min max min max April 474.82 602.29 553.47 863.04 May 557.68 712.24 962.48 1039.21 Month Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black…

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Ilyich and Metinvest combination could create one of world’s top steel firms

Ukrainian analysts said a likely combination between the Mariupol Ilyich Iron and Steel Works and the Metinvest conglomerate would create one of the world’s top 20 steel firms.Mr. Andrei Gerus, head of consulting at Concorde Capital, says Metinvest is currently the world’s 30th biggest steel producer. It is also the world’s seventh biggest iron ore…

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ArcelorMittal Kriviy Rih plans to start processing oxidized ore

Local newspaper Delo has reported citing Mr. Christophe Cornier, member of ArcelorMittal group management board, as saying ArcelorMittal Kriviy Rih intends to implement a project for processing oxidized ores.Mr. Cornier said “We produce 8 million tons of sinter per year and, with the introduction of oxidized ore processing technology, the production will double.”The management of…

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Operations of Ilyich and DMKD hit by reduced gas supplies

It is reported that Ukraine’s national energy company Naftogaz has started to limit gas supplies to the most indebted domestic steel producers, i. e. to the Mariupol Ilyich Iron and Steel Works and Dneprovsky Iron and Steel Works named after F. Dzerzhinsky (DMKD), a subsidiary of the Ukrainian steel producer Industrial Union of Donbass (ISD),…

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