Interpipe Nyzhniodniprovsky pipe-rolling plant saw its net losses rise by 3.2 times or UAH 246.68 million in 2009 YoY to UAH 356.69 million.A company report on the holding of a general meeting of its shareholders scheduled for April 13 says that its undistributed profit last year grew by 3.5%, to UAH 1.183 billion.Over the year,…
DetailsMETAL OF UKRAINE & RUSSIA: STEEL-MAKING PIG IRON, JANUARY 2010 Month Russian market, $/t, $1/RUR31.38* Ukrainian market, $/t without VAT, $1/UAH 5.33* min max min max December 286.81 323.45 469.04 506.57 January 286.81 323.45 469.04 506.57 Month Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max…
DetailsIt 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…
DetailsMetinvest wholesale channel, Metinvest-Ukraine Company, in 2010 will perform as the strategic partner of Azovmash OJSC in terms of rolled metal products supplies. This will increase monthly average shipment volumes to Azovmash by 7 times from 2,000 tons per month in 2008 to 2009 to 14,000 tons per month in 2010.82% of the total sales…
DetailsAccording to the Ukrainian Mining and Metallurgical Company, in January domestic steel products consumption in Ukraine was down by 11.3% on December 2009 but up by 31% on January 2009.Import share in January 2010 amounted 20.5% which is 4 times as much as in January 2009 and up by 7% on 2009.The consumption of all…
DetailsUKRAINE&RUSSIA: STEEL-MAKING PIG IRONUKRAINE&RUSSIA: FOUNDRY PIG IRON UKRAINE&RUSSIA: ROUND BILLETS UKRAINE&RUSSIA: SQUARE BILLETS UKRAINE&RUSSIA: ROLLED WIREUKRAINE&RUSSIA: SLABS UKRAINE&RUSSIA: REINFORCEMENT STEEL, CLASS A1, A3UKRAINE&RUSSIA: ROUNDS, SQUARES UKRAINE&RUSSIA: BEAMS, CHANNEL Month Russian market, $/t, $1/RUR31.38* Ukrainian market, $/t without VAT, $1/UAH 5.33* min max min max November 534.10 913.00 703.56 1299.25 December 534.10 913.00 703.56 1299.25…
DetailsAccording to the Ukrainian Association of Metal Traders in January Ukraine’s large and medium steel trading companies purchased about 79,192 tons of rolled steel products, including purchases from local mills and also imports up by 14% YoY.In the first month of the current year the main local steel traders decreased their imports of rolled steel…
DetailsAccording to the data released by England Steel Statistics Bureau, Ukraine exported 23.786 million tons of steel in 2009 totally down by 16% from the 28.375 million tons in 2008. Although export decreased, Ukraine is still the fourth largest steel exporter, behind to Japan, EU 27 bodies and Russia.In 2009, Ukraine semi-finished steel exports were…
DetailsIt is reported that the Alchevsk Iron and Steel Works plans to restart two blast furnaces on February 20 and run into operation with full capacity.These two blast furnaces were idled due to the lack of raw materials during the world financial crisis.The crude steel, finished steel products and pig iron output of Alchevsk was…
DetailsIt is reported that in 2010 Ukraine is expected to increase the output of its main steel products by 7% YoY to 8% YoY, considering the data issued by the Ukrainian association of metal producers Metallurgprom based on the country’s steel output results for the first month of the year.Considering the production dynamics in January…
DetailsSteel pipe and railway wheels producer Interpipe has announced that it has supplied pipes for the building of an oil terminal in the port of Antwerp. The welded pipes supplied by Interpipe range in size from 406.4 mm to 9.5 mm. The volume of pipes supplied amounts to 2,000 tons. The pipes have been produced…
DetailsIt is reported that ArcelorMittal Kriviy Rih, Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, plans in 2010 to carry out the modernization of its converter shop by installing a new ladle furnace, a new continuous billet caster and by replacing its gas cleaning units.ArcelorMittal Kriviy Rih 2010 investment projects are…
DetailsAccording to Mr. Vladimir Boiko, general director of the Mariupol Ilyich Iron and Steel Works, the company could be forced to stop its operations within two or three months if the state does not pay value added tax refunds which currently exceeds UAH 800 million.Mr. Boiko said “Currently the main thing for the plant is…
DetailsIt is reported that the Ukrainian mills have announced new prices for 2nd quarter 2010.
Mariupol Ilyich Iron and Steel Works has increased plate prices to $555 per ton FOB basis, while Zaporozhstal is looking for a price above $600 per ton FOB ST for HRC. (Steelprices-europe)
According to the data, released by metal trading enterprise Ukrainian Mining and Metallurgical Company, in the first month of 2010 Ukraine imports of steel products amounted to 80,600 tons, indicating an increase of 32.3% MoM and a rise of more than five times YoY. Accordingly, in January 2010 the biggest share in overall steel imports…
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