Siemens received order from Dneprospetsstal

Siemens VAI Metals Technologies has received an order from the Electrometallurgical works Dneprospetsstal named after A. N. Kuzmin, Zaporozhye, the Ukrainian special steel manufacturer to supply a new electric arc furnace, complete with water treatment plant for its No. 3 steel works. This modernization project will increase the steel works’ production capacity to 540,000 tons…

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Daveze Limited buys Donetsk Electrometallurgical Plant ISTIL

It is reported that Cyprus-based company Daveze Limited has acquired a 100% stake in Ukraine’s Donetsk Electrometallurgical Plant, the mini-mill previously known as ISTIL.Accordingly, the Cypriot company has bought 392,767,872 shares representing 100% of the company authorized capital. The financial details of the deal have not been disclosed.In August 2009 the management of Donetsk Electrometallurgical…

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Ukrainian traders’ steel product purchases up by 14% in 2 months

According to the data issued by the Ukrainian Association of Metal Traders, in January to February Ukraine steel trading companies increased their steel product purchases by 3.9% YoY to 164,775 tons including 151,363 tons from local mills and 13,412 tons of imports.The main domestic suppliers of steel products to Ukrainian trading companies were ArcelorMittal Kriviy…

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Licenses to Ukrainian scrap metals companies

It is reported that the Ministry of Industrial Policy of Ukraine granted non-expiry licenses for ferrous and non-ferrous metal scrap collecting and recycling to 47 companies as stated in the act of Ministry of Industrial Policy dated January 19th 2010.In particular, licenses are granted to Zaporozhvtormet, Poltavavtormet, Vtortsvetmet, Dnepropetrovskvtormet, Sumyvtormet, Vinnitsavtormet, Nikolaevvtormet, Kievvtormet, Volynvtormet, Ukrvtormet.In…

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ArcelorMittal to invest over $200 million in Ukrainian mill

It is reported that ArcelorMittal, the world’s largest steel producer, plans to invest $200 million to modernize and boost efficiency at its Ukrainian steel mill in 2010.Mr. Jean Jouet, CEO for ArcelorMittal Kriviy Rih, said these plans could be derailed if the company continued to struggle in receiving value added tax refunds from Ukraine cash-strapped…

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