Business news from Ukraine

Business news from Ukraine

UKRAINIAN METAL PLANTS PLAN TO BOOST CAST IRON OUTPUT BY 24% IN JULY COMPARED TO JUNE

12 June , 2015  

DNIPROPETROVSK. June 12 (Interfax-Ukraine) – Ukrainian metal companies in July 2015 plan to increase steel smelting by 4.5% compared to expected production in June, to 2.3 million tonnes and steel roll production will grow by 5.6%, to 1.9 million tonnes.

According to the materials of the Metallurgprom association (Dnipropetrovsk), the plan for July foresees a rise of 23.5% in cast iron production, to 2.1 million tonnes.

In January-May 2015 cast iron output fell by 30% year-over-year, to 8.363 million tonnes, steel production was down by 28%, to 9.251 million tonnes and steel roll output – by 30%, to 8.005 million tonnes.

In April, 1.927 million tonnes of cast iron was made, as well as 2.177 million tonnes of steel and 1.836 million tonnes of steel roll.

“Since August 2014 this is the largest figures,” Metallurgprom Director General Oleksandr Zrazhevsky said.

Ukrainian iron ore supplies in May grew by 320,000 tonnes compared to April 2015, to 2.3 million tonnes. In January-May 2015, 9.8 million tonnes of Ukrainian-made iron ore was supplied to metal companies.

Imported iron ore suppliers (from Russia) totaled 240,000 tonnes in May, a rise by 200,000 tonnes compared to April. In January-May, imported supplies reached 530,000 tonnes.

Exported iron ore totaled around 4.1 million tonnes in May and 19 million tonnes in January-May 2015.

A total of 283,000 tonnes of scrap metal was supplied to metal companies in May and 1.186 million tonnes in January-May.