Steel

In January – September, MMK Group reduced steel production by 10%

In January – September, MMK Group reduced production of steel by 10% to 9.027 million tons, and trade metal items by 9% to 8.309 million tons.
In Q4, trade metal items yield is going to remain at the level Q3. Steel production in Q3 reduced by 7% to 2.874 million tons, and trade metal items yield reduced by 7% to 2.640 million tons, due to the planned repairs of the blast furnace in Magnitogorsk, and full stop of production capacities at MMK Metalurji while the strike.

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In January – September, Mariupol metal works reduced net loss by one third to 1.48 billion grivnas

In January – September, Mariupol metal works reduced net loss by 36.1% to 1.483645 billion grivnas, pretax loss by 35.6% to 1.727017 billion grivnas, and net revenue by 6.7% to 17.649382 billion grivnas. By September 30, uncleared loss was 6.365739 billion grivnas.
In H1, Mariupol metal works reduced net loss by 44.6% to 937.199 million grivnas, pretax loss by 44.5% to 1.083222 billion grivnas, and net revenue by 16.7% to 11.629187 billion grivnas.

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In the first nine months, loss of Alchevsk metallurgic plant doubled

By results of January-September of 2013, Alchevsk metallurgic plant increased its net loss under IAS 2.1 times as compared with the same period of the previous year to 1 150.029 billion hryvnias. According to quarterly report of the enterprise, its net income grew by 1.5% in the reporting period to 10 906.921 million hryvnias. The plant’s unpaid loss was 4 360.354 million hryvnias as of September the 30th of 2013.

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In January-September, Ukrainian ferroalloys production fell by 22%

In the first nine months of the current year, the Ukrainian ferroalloys production decreased by 22% y/y, the Association of Ferroalloys Producers reports.

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In January – September, Yenakiyevsky metal works reduced net loss by 19%

In January – September, Yenakiyevsky metal works reduced net loss by 19.1% to 1.103851 billion grivnas by ISA, net profit by 6.3% to 9.314285 billion grivnas, pretax profit by 14.2% to 1.304511 billion grivnas. By September 30, uncleared loss of 1.281198 billion  grivnas.
In H1, Yenakiyevsky metal works reduced net loss by 4.4% to 842.615 million grivnas by ISA, net profit by 7.7% to 6.175503 billion grivnas, pretax profit by 0.6% to 995.787 grivnas.

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Azovstal decreases loss by a third

In January-September of 2013, metallurgic plant Azovstal (Mariupol, the Donetsk region), a part of the mining and metallurgic monopoly Metinvest of Rinat Akhmetov, decreased its net loss under IAS by 31% as compared with the same period of 212 to 1 338.391 million hryvnias.
According to the enterprise’s report over the third quarter of the current year, published in the information disclosure system of the Securities and Stock Market State Commission, its negative pretax financial result decreased by 31.6% in January-September to 1 565.529 million hryvnias.

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Metalloinvest increases capacities on cast iron production at Ural Steel

Metalloinvest implements a program on increase of commercial cast iron production at Ural Steel, within which upgrade of iron casting section in blast-furnace plant takes place. Executed measures allowed it to increase industrial capacities of the commercial iron casting blast-furnace plant by 40% to 1.9 million tons per year.
In particular, new equipment was bought to improve rates of ladles revolution and to increase productivity of casting machines section – punching unit for accretion removal in hot metal ladles. New equipment can treat neck of hot metal ladle for 15-20 minutes that is 9-16 times less than hydro hammer-manipulator spent for this earlier (3-4 hours).

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Severstal to launch hot dipped galvanized coil surface quality control system

Cherepovets metallurgic plant (CherMK), one of the largest integrated steel-smelting plants in the world (a part of the Severstal Russian Steel’s division), launches a hot dipped galvanized coil surface automated quality control system Parsytec to the amount of about 46 million rubles.
The unit was mounted at on a plot of sheet galvanization in the metal cover shop №2 of CherMK’s cold rolled steel production. It will allow CherMK to control 100% of the surface of hot dipped galvanized coil in real-time mode and to fully meet requirements of customers such as Renault, Peugeot, Hyundai, Ford and GAZ.

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Ukrainian metallurgic enterprises can’t reach pre-crisis volumes of steel smelting

In September, Ukrainian metallurgic enterprises, lost faith in successful promotion of its goods on the world market, had to decrease steel production to 2.7 million tons as compared with 2.8 million tons in August of this year.
The decrease is not big on a global scale, but because of it the Ukraine fell to the last place in the top-ten of the largest steel producers by results of September, gave place to Turkey, which smelted over 3 million tons of steel.
 
Countries of the growth
Due of unfavorable market conditions, steel production is decreasing in the majority of countries. According to WSA (World Steel Association), in the first nine months of 2013 countries of the European Union smelted 123.8 million tons of steel (in the first nine months of 2012 – 129.2 million tons), the USA – 88.9 million tons (92.7 million tons), South America – 34.7 million tons (35.2 million tons) and the CIS states – 81.5 million tons (84.4 million tons).

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NLMK not to plan to decrease loading of its facilities, but it also not to launch new ones

The NLMK Group doesn’t plan to decrease loading of facilities at its enterprises against the background of weak market conditions, the NLMK’s Vice President for Finance Grygory Fedorishin stated to the agency Prime.
“Our loading of facilities was at the level of 95% in 2009 already, even in the most difficult months, because we are at the foot of the cost curve, we have a strong competitive advantage in prime cost. Yes, the market is oversupplied, but we are not the company that can leave it. So we don’t plan to decrease the loading and we sooner hope that weak rivals will leave the market and we will replace them,” – he said.

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