According to the data issued by metal trading enterprise Ukrainian Mining and Metallurgical Company, in January to August 2009 Ukraine steel market capacity registered a 42.9%YoY to about 3.643 million tonnes. In August this year steel product deliveries in the Ukrainian domestic market amounted to 600,000 tonnes. Ukrainian Mining and Metallurgical Company said “Since October…
DetailsAccording to the data issued by the Ukrainian Association of Metal Traders, in January to August 2009 the country registered a 47.6% decrease in rolled steel consumption YoY to approximately 3,220,381 tonnes. Meanwhile, during the period in question imports of rolled products to Ukraine went down by 71.1%YoY to 403,431 tonnes. Accordingly, in January to…
DetailsIt is reported that Ukrainian steel producer Ilyich Iron and Steel Works of Mariupol has announced that during the H1 of 2009 it has registered losses of UAH 700 million. Mr Vladimir Boyko CEO of Ilyich said “In the H1 of 2009 we registered minus UAH 350 million for commercial products, while according to our…
DetailsIt is reported that the Russian steel producer Severstal has announced that its subsidiary Severstal Ukraine, the key activity of which is selling zinc coated, polymer coated, hot rolled and cold rolled flats and profiled iron in the Ukrainian market, has renewed its cooperation with Interpipe Scientific and Industrial Production Group the Ukrainian holding company…
DetailsMillennium capital cited Mr Shevchenko CEO of Alchevsk Steelworks as saying that the company plans to cover H1 2009 losses till the end of the year. According to the report, the company resumed pre crisis volume of production and this exactly is the base for this optimistic statement. But the situation on the market remains…
DetailsIt is reported that the Ukrainian government is negotiating with Thailand for the reduction of customs import duty on steel products from Ukraine. The total volume of commodity turnover between Ukraine and Thailand in the current year up to September reached a value of USD 170.2 million of which about 90% of the Ukrainian total…
DetailsAccording to the data released by metal trading enterprise Ukrainian Mining and Metallurgical Company during January to August of 2009 Ukraine imports of steel products registered a decline of 63.3%YoY to 462,000 tonnes with its August imports decreasing by 13.5%MoM to 12,200 tonnes. UGMK considers that the main factors causing the decline of imports to…
DetailsIt is reported that Dneprovsky Iron and Steel Works named after F. Dzerzhinsky a subsidiary of the Ukrainian steelmaker Industrial Union of Donbass has started the second grade overhaul of its blast furnace No 12. As per report, the overhaul will include replacement of the blast furnace charging device and of the components of its…
DetailsIt is reported that the State Property Fund of Ukraine has sold the state last stake equal to 0.1% of shares in ArcelorMittal Kriviy Rih for a total of UAH 54.819 million through the Ukrainian Interbank Currency Exchange. The buyers of the shares in question were the Ukrainian investment companies Dragon Capital and Concorde Capital…
DetailsRusmet reported that the prices of flat steel products increased during last wee. Prices of Zaporozhstal jumped by UAH 140 per tonne and now its hot rolled sheets in 2mm to 8 mm thickness are costing UAH 4650 per tonne to UAH 4720per tonne, VAT 20% included. Hot rolled plates 10mm to 30 mm of…
DetailsAccording to Mr Alexander Babikov head of the company supervisory board, Ukraine Donetsk Electrometallurgical Plant, the mini mill previously known as ISTIL intends to restart its production operations in the second half of September. Mr Babikov said in September Donetsk Electrometallurgical Plant plans to produce 63,000 tonnes of square billets of which 50,000 tonnes will…
DetailsIt is reported that the increase of steel production in Ukraine during few last months has led to coke deficit. The Ukrainian Coke Association estimates the deficit at 1.4 million tones till the end of the year. The coke coal extraction decreased by 8.6%YoY to 15.19mn tones. It will take half a year for the…
DetailsAzovstal Steel Plant operating under umbrella of Metinvest Group held an ecological tree planting campaign in the Generation Park of Ordzhonikidze District in Mariupol. The campaign was held as a part of the events dedicated to the plant’s 76th anniversary. Among the participants were representatives of the city management, employees of the plant representatives of…
DetailsKhartsyzsk Pipe Plant, which is under Metinvest Group umbrella, produced 61,370 tonnes of big diameter pipes in August. In August the plant continued producing the pipes of the following diameter 1. 1,0675.9 mm 0 with external and internal anticorrosion coating 2. 1,2202.5 mm 6 with external anticorrosion coating. 3. 21,4205.7 mm and 1,4206.8 mm, 10G2FB…
DetailsUkrainian Journal reported that Ukraine steel industry reduced finished roll output 30%YoY in January to August to 17.072 million tonne. According to the report, the industry cut roll output 34%YoY in January to July and in January to June, so the latest figures indicate that the severe decline in the industry is still slowing. (Ukrainian…
DetailsUkrainian Journal reported that Donetsk’s System Capital Management announced it boosted consolidated audited pretax profit 70% to USD 3 billion in 2008 from USD 1.786 billion in 2007.
According to the report, consolidated gross income tax expenditure grew to USD 805 million from USD 379 million. (Ukrainian Journal)
For flats products Black Sea market looked somewhat stable this week with most of the quotes at previous week levels. But, it is reported that a major Ukrainian mill proposed their HRC offer to a MEA buyer at around USD 535 per tonne on CFR basis. This indicates lowering of offer levels by USD 20…
DetailsIt is reported that in January to August 2009 Zaporozhye steel works Zaporozhstal has reduced output of finished steel products by preliminary data by 23.3% YoY in comparison with the same period of 2008 to 1.820 million tonnes. As per report, during January to August steel smelting at the works reduced by 25.7% to 2.170…
DetailsAccording to as a source in Cabinet of Ministers of Ukraine, in January to August 2009 in comparison with the same period of 2008 tube and pipe manufacturers of Ukraine have cut output by 38.4% to 10,60,400 tonnes In August 2009 it was produced 174,900 tonnes of tubes and pipes. The cabinet misters said we…
DetailsInterfax reported that the Metinvest holding’s Azovstal, one of Ukraine leading steelmakers saw roll output contract 33% oY to 2.564 million tonnes in January to August 2009 compared to the same period of 2008, including 446,800 tonnes in August. Crude steel production fell 33.6% to 2.781 million tonnes in the period, pig iron output declined…
DetailsAccording to Mr Ruslan Mazhinsky marketing director of UGMK, quantity of steel products imported to Ukraine during 7 months of 2009 decreased by 65% in comparison with the same period of 2008 and made 383,600 tonnes. It is noticed in the report that the most significant decrease was noticed for flat rolled products for hot…
DetailsThe Ukrainian steelmaker ArcelorMittal Kriviy Rih announced that its refusal to prolong a contract for ferroalloy deliveries in the context of its reduced production rates has led its main ferroalloys supplier Zaporozhye Ferro Alloys Plant to take an action for the legal collection of about UAH 205.59 million from the company for pre payment for…
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