Ukrainian steel industry set for consolidation

Fitch Ratings shows rising raw material prices and VAT refund related liquidity concerns are exposing longstanding structural weaknesses in the Ukrainian steel industry and this could ultimately lead to a consolidation of producers.Mr. Peter Archbold, Senior Director in Fitch Industrials team, said “Given the challenges facing the Ukrainian industry at present, M&A transactions could represent…


ArcelorMittal Kriviy Rih orders secondary metallurgical equipment and billet caster from Siemens

Siemens VAI Metals Technologies will supply the ArcelorMittal Kriviy Rih in Ukraine with secondary metallurgical equipment, a six-strand billet caster and the requisite auxiliary systems. The order also includes a comprehensive service agreement under which Siemens VAI and DP Siemens Ukraine will provide services related to the local supply and service contracts for construction and…


ArcelorMittal Kriviy Rih June output

It is reported that ArcelorMittal Kriviy Rih, Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, in June this year managed to keep its production at reasonable levels, with three out of five blast furnaces running, despite the continuing difficult market conditions and the decreasing number of orders. Mr. V. Vaideeswaran, acting…


Ukraine steel pipe production in H1 up by 6% YoY

According to Ukrtruboprom, the Dnipropetrovsk-based Ukrainian pipe producers’ association, steel pipe production in Ukraine grew by 5.5% YoY in January to June to 774,700 tons. June output was 132,100 tons. (Ukrainian Journal)
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Interpipe receives certificate for pressure operated pipes

Interpipe Niko Tube has successfully passed the second audit for pressure-operated pipes and vessels. The audit was carried out according to the demands of the European Equipment Directive, Pressure Equipment Directive 97/23/EC, and German instructions for pressure-operated capacities and boilers, AD 2000 Merkblatt W0. The audit was carried out by the international certifying agency TUV…


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…


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…