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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,800 18 apr 2024 17:35
  • 0,000 (0,00%) Dagrange 23,560 - 23,960
  • 2.676.573 Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 538 539 540 541 542 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 19 januari 2017 17:13
    Brazilian steel sector falls on 2016 economic downturn

    Brazilian crude steel production, apparent consumption, exports and imports all fell year-on-year in 2016 due to the poor performance of the local economy, Kallanish learns from a report by steelmakers association Instituto Aço Brasil.

    National crude steel was 30,2 million tonnes in 2016, down -9.2% y-o-y, the association confirms. According to the report the output volume is equal to the one reached back in 2006. Rolled products output fell by -7.7% to 20,9mt also y-o-y.

    Marco Polo de Mello, executive chairman of the association, says that 2016 saw the Brazilian steel market going through its worst crisis ever. The fall was due to the slow economic indicators in the domestic market, with both civil engineering projects and the automotive sector falling dramatically.

    Overall, national apparent steel consumption was 18,2mt in 2016, down -14.4% compared with 2015. De Mello adds that even in 2008 the response to the crisis was stronger than last year.

    While the domestic market suffered, Brazilian producers also saw their exports falling by -2.1% on-year to 13.4mt. The value of the country’s steel exports dipped by1-5% y-o-y to $5.6 billion.
    Imports were also down by over -40% y-o-y to 1.9mt, the association confirms.

    Source: Kallanish.com
  2. forum rang 10 voda 19 januari 2017 17:16
    UK large industrial electricity users see prices fall

    Hard Brexit, soft Brexit or any consistency of Brexit in between, cannot hide the fact that UK manufacturers have been paying over-the-odds for energy supplies in recent years. Nowhere is this emphasised more clearly than for electricity supply where medium-sized UK companies pays the highest price in the EU according to the latest government figures (see Kallanish 17 January).

    At least large industrial users in the UK saw some minor benefit however in the first three quarters of 2016

    Significant users of electricity, such as steel mills, steel processors, heavy engineering and bulk manufacturing operations fall into the 'large user' category. Trade association UK Steel in its annual reports has continually highlighted the disadvantaged position of UK steelmakers as energy intensive users within the EU.

    The latest figures from the department of Business, Enterprise, and Industrial Strategy (BEIS) do in fact show that large users of electricity saw base electricity prices fall year-on-year to the end of September 2016 (see table 1 below). In fact the data show that large-user electricity prices at £0.0691/kWh ($0.085/kWh) were actually lower then than in December 2014.
    That said, these are prices which exclude the Climate Change Levy (CCL), implemented in 2001. The (CCL) is a tax on energy delivered to non-domestic users in the United Kingdom. Its aim is to provide an incentive to increase energy efficiency and to reduce carbon emissions. However, there have been ongoing calls to replace it with a proper carbon tax.

    The prices given in Table 1 are average prices paid (exclusive of VAT and CCL) by respondents to a Department of Energy and Climate Change (BEIS) survey of some 600 manufacturing sites.  

    Zie verder de PDF

    Source: Kallanish.com
  3. forum rang 10 voda 20 januari 2017 14:22
    Beursblik: ArcelorMittal blijft favoriet voor Berenberg

    Staalmarges dit jaar belangrijker dan prijzen.

    (ABM FN-Dow Jones) ArcelorMittal blijft een favoriet voor Berenberg in de Europese staalsector. Dit bleek vrijdag uit een rapport van de Duitse zakenbank die ook positief is over de Europese sectorgenoten Thyssenkrupp en Salzgitter.

    De belangrijkste vraag voor beleggers is volgens Berenberg niet óf de staalprijzen zullen dalen ten opzichte van de huidige niveaus, maar met hoeveel. De analisten menen dat zelfs met dalende staalprijzen er hogere marges in het verschiet liggen in het eerste halfjaar. In het derde kwartaal voorzien de marktvorsers echter een krimp in de marges, die uiteindelijk in de laatste drie maanden weer zullen aantrekken.

    Berenberg merkte ook op dat een eventuele daling van de vraag uit China, de grootste consument en producent ter wereld van staal, zal kunnen worden opgevangen door een sterkere vraag van buiten het land. Die vraag kan worden ondersteund door een herstel van de energiemarkten en mogelijke investeringen in de Amerikaanse infrastructuur.

    In het rapport wijzen de analisten ook op de rol van Brazilië en Rusland in de wereldwijde staalhandel, die volgens Berenberg onderbelicht is. Beide landen behoren tot de grootste exporteurs van staal.

    In zowel Rusland als Brazilië is sprake van een recessie, maar het dieptepunt in beide landen lijkt volgens Berenberg achter de rug. Mocht het herstel in 2017 plaatsvinden dan leidt dit tot meer investeringen, een hogere vraag en hogere staalprijzen in Rusland en Brazilië. Ook zullen deze landen dan minder exporteren, wat tevens positief is voor de internationale staalprijzen.

    Consolidatie Europa

    De verwachte consolidatieslag onder staalbedrijven zal een positieve impact hebben op de staalprijzen, omdat hiermee volatiliteit verminderd wordt. Consolidatie kan plaatsvinden door de eventuele verkoop van de Italiaanse staalfabriek Ilva, waar ArcelorMittal voor in de race is, en door een mogelijke joint venture van Thyssenkrupp en Tata Steel.

    Berenberg stipt ook een derde scenario aan, waarin Thyssenkrupp een deal sluit met Ternium/Techint.

    De analisten hanteren voor ArcelorMittal een koopadvies met een koersdoel van 9,00 euro.

    Op een groene beurs noteerde het aandeel ArcelorMittal vrijdag 0,9 procent hoger op 7,68 euro.

    Door: ABM Financial News.

    info@abmfn.nl

    Redactie: +31(0)20 26 28 999

    Copyright ABM Financial News. All rights reserved

    (END) Dow Jones Newswires
  4. forum rang 10 voda 20 januari 2017 15:00
    India to be net steel exporter – Mr TV Narendran

    Money Control quoted Mr TV Narendran MD of TATA Steel India as saying that India currently exports 700,000-800,000 tonnes of steel and will be a net exporter soon because India already has raw materials and efficient producers.

    Mr Narendran is optimistic of 2017 being a better year for the Indian steel industry than 2016 on back of increase in government expenditure on infrastructure. This year demand growth is likely to be between 5 and 6 percent growth and expect at least a similar growth number for next year.

    Mr Narendran in an interview to CNBC-TV18 from the sidelines of World Economic Forum at Davos said that Demonetisation did not have any direct impact on the company because almost all the transactions of Tata Steel are electronic. However, some of their customers from auto industry were hit.

    According to him, US steel market was disappointing in 2016 in terms of consumption but China and Russia were not as bad as expected by the World Steel Association. Going forward too, both the Chinese and US governments have promised to spend more on infrastructure, so steel consumption is expected to go up. South East Asia is the most exciting region after India for steel consumption.

    Source : Money Control
  5. forum rang 10 voda 20 januari 2017 15:00
    British Steel pension scheme rebuffs Mr Truell rescue idea

    The Telegraph reported that financier Edi Truell has repeated his offer to take over the Tata Steel pension fund and aid the firm’s recovery, only for the fund to reject his plan as an unacceptable risk.

    Allan Johnston, chairman of the pension trustees, said Mr Truell’s plan was unsolicited and would require commitments from the Government, Tata Steel, the Pensions Regulator and financial backers.

    He said “Mr Truell was unable to demonstrate that there was any reasonable prospect of these things happening. With the benefit of its knowledge of all the circumstances currently surrounding the scheme, the Trustees concluded that Mr Truell’s proposals were not viable and would expose members to unacceptable risk. This has been explained to Mr Truell.”

    Source : The Telegraph
  6. forum rang 10 voda 20 januari 2017 15:01
    UK financier Mr Edi Truell renews offer to take over Tata Steel pension plan

    Money Control reported that TATA Steel pension plan British financier Mr Edi Truell has renewed an offer to take over TATA Steel 's giant UK pension scheme in a deal that he says would allow members to keep benefits in full.

    Mr Truell told Reuters he could preserve members' benefits by plugging the pension fund's deficit through investment in high-yielding infrastructure projects instead of index-linked gilts. An insurance consortium would take on the risk that members live longer than expected.

    Mr Truell said that "Tata wants to separate the pension fund, wave it goodbye.”

    Truell said his plan would require Tata to pay "north of one billion pounds" in cash and guarantees for the scheme, while his foundation would put up a further 200 million pounds.

    Tata Steel said de-risking and de-linking the pension scheme from the UK business is crucial for the firm's survival. The Indian-owned company has offered to pay hundreds of millions of pounds into the scheme if the trustees agree to give up the fund's claims over Tata's Dutch steel assets. The company would be required to make further payments or guarantees to separate from the scheme in full.

    Source : Money Control
  7. forum rang 10 voda 20 januari 2017 15:03
    2018 Honda Odyssey uses steel-magnesium-aluminium body combo

    Repairer Driven News reported that the next generation 2018 Honda Odyssey minivan shed up to 96 pounds using higher-strength steels, aluminum and magnesium, similar to its lightweighted rival 2017 Chrysler Pacifica. However, Honda opted to configure those metals in a similar fashion to its next generation vehicles like the Civic, Pilot and Ridgeline and Acura TLX rather than adopt the aluminum sliding door and aluminum-magnesium liftgate of the Pacifica.

    Odyssey Chief Engineer Chad Harrison said that the only magnesium on the Odyssey is the “steering hanger beam” the instrument panel beam and aluminum is held to the hood and front and rear bumper reinforcements. He said that “Otherwise, everything else is conventional steel.”

    Harrison said that “conventional steel,” he doesn’t mean the traditional 200- to 340-megapascal mild steel entire bodies-in-white were built out of back in the day. He’s talking about steel as opposed to unconventional metals like aluminum or magnesium. The Odyssey is build on the Honda’s Advanced Compatability Engineering platform, which so far has used a lot of higher-strength steels. For example on the Ridgeline.

    Though Honda has loosened some repair procedures when very specific conditions are encountered, it still generally has very specific restrictions on heating and sectioning such steel the higher the tensile strength grows. It’ll be important for repairers to check repair procedures to identify both the different metals and what the OEM does or doesn’t want you to do with them.

    Higher-strength steels are wonderfully light and strong, but their tensile strength plummets when exposed to heat compromising the crash protection they’re meant to offer occupants. And sectioning higher-strength steels disrupts the intended flow of collision energy through the vehicle, also with potentially disastrous consequences for the occupants.

    To date, Honda’s made its next-generation “door rings” and frame rails out of 1,500 MPa steel some of the strongest stuff on the market today. The rear frame rails didn’t employ the soft-zone construction of the 2016 Civic, according to Harrison.

    However, Mr Harrison said “we did do a lot of optimization to make (the Odyssey’s frame rails) as straight as possible,” allowing them to be “much more efficient” from both a rigidity and crash management perspective.

    The Odyssey’s rigidity is up 44% from the 2017 Odyssey, making for a smoother and quieter ride for the occupants. (Though if the occupants aren’t as quiet, the vehicle has “CabinTalk,” which lets Mom or Dad chew out the kids in the back using the speakers there.)

    Source : Repairer Driven News
  8. forum rang 10 voda 20 januari 2017 15:06
    Validity of Tata Steel SEZ at Gopalpur extended till December

    Business Standard reported that the Board of Approvals for Special Economic Zones (SEZs) under Union commerce ministry has extended the validity of formal approval granted to Tata Steel SEZ at Gopalpur till December 17 2017

    “The Board, after deliberations, extended the validity of the formal approval up to December 17, 2017,” stated the minutes of the 74th meeting of BoA.

    The steel behemoth had requested for extension of the validity period of its formal approval for setting up a multi-product SEZ at the beach town beyond December 2016.

    It may be noted that Tata Steel has submitted a proposal to the Odisha government to establish a domestic tariff area (DTA) adjacent to the SEZ at Gopalpur.

    Source : Business Standard
  9. forum rang 10 voda 20 januari 2017 15:07
    Arvedi Tubi Acciaio commissions upgraded tube welding line from SMS group

    At its location in Cremona, Italy, Arvedi Tubi Acciaio has successfully taken into operation a high-frequency tube welding line (ERW) upgraded by SMS group. The line can now handle tubes of up to 14 inches in diameter.

    Source : Strategic Research Institute
  10. forum rang 10 voda 20 januari 2017 15:08
    Pakistan re-imposes anti-dumping duties on Chinese and Ukrainian steel imports

    Pakistan government on Thursday re-imposed anti-dumping duties on steel products originating from China and Ukraine, increasing the rate up to around 20 percent for the five-year period. State-owned investigation authority National Tariff Commission (NTC), in a notice, stated that it had imposed definitive anti-dumping duties ‘retroactively’ in the range of 13.17 percent to 19.04 percent on cold rolled coils/sheets importable from China and Ukraine for a period of five years. However, it would not be levied on imports that are to be used as inputs in products destined solely for exports.

    In January last year, the commission slapped 8.31 and 19.04 percent anti-dumping on imports of cold-rolled coils and sheets from exporters based in China and Ukraine after a preliminary finding that they dumped two products during April 2014 to March 2015 into the country. Initially, the duties were for the four months. Later in June, however, the Lahore High Court barred the collection of provisional duties on CRC.

    Source : The News
  11. forum rang 10 voda 20 januari 2017 15:17
    Turkish scrap/longs slump despite US booking

    The Turkish scrap and rebar markets were quiet across the board this week. Concerns persist over the weak lira and thin demand, although the first US-origin scrap cargo of 2017 was booked, market participants tell Kallanish.

    The US scrap cargo was heard booked at $282/tonne cfr Turkey for 16,000 tonnes of HMS 1&2 80:20 and $292/t cfr for 26,000t of bonus scrap. This represents a decline on the $290/t offers for 80:20 that US merchants had been holding out for since the last deal struck for US material shortly before Christmas. This indicates that Europe-origin 80:20 bookings are likely to drop below $280/t.

    At present it is difficult, however, to see when bookings are likely to pick up, given the poor state of long products demand in both Turkey’s domestic and export markets. Turkish mills’ rebar quotes for export have come down $10/t on-week to $420-425/t fob Turkey, with one trader saying that even $415/t is available.
    “Mills won’t sell anything because they have a hell of a lot of problems with selling,” a Turkish trader exclaims. “I’ve seen huge stocks piled up at mills in Iskenderun.” Another trader observes: “It is becoming harder day by day.”

    The persistent weakness of the lira versus the dollar is complicating matters. The lira was at 3.8 per dollar on Thursday, but is anticipated by some to soon strengthen again. With some steel bought in dollars, this is causing buyers to postpone purchases. “If you get material today from a producer, you pay 3.8 liras per dollar, but tomorrow it could become 3.5, so you’ll lose money if you buy today,” a trader observes. “Everyone is waiting.”

    Turkish mills are still pushing for billet export sales at $405/t fob, according to one trader, with another indicating even $390/t fob is available. But deals are hard to come by.

    Source: Kallanish.com
  12. forum rang 10 voda 20 januari 2017 15:18
    Iron ore drifts as HKEX announces futures contract

    Seaborne iron ore prices trended lower again on Thursday as futures prices dipped. The Hong Kong Exchange meanwhile hopes to shake up the derivatives market with a new futures contract later this year.

    The Kallanish index for 62% Fe Australian fines dropped $0.87/tonne to exactly $80/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold in a tender at $79.88/t with a laycan in 4-13 February, down from a deal at $80.88/t the previous day.

    On the Dalian Commodity Exchange, the May iron ore contract closed at CNY 637/t ($92.69/t), down CNY 5/t from Wednesday, but in Singapore the February 62% Fe contract settled down $0.45/t at $78.95/t. Traded volumes were falling in Dalian and on the physical market as the New Year holidays approached.

    The Hong Kong Exchange says it intends to launch an iron ore futures contract before the end of the year. The contract will be US dollar denominated and cash settled and will compete directly with the most traded contract outside China, on the Singapore Exchange.

    Source: Kallanish.com
  13. forum rang 10 voda 20 januari 2017 15:19
    Chinese steel futures slide continues

    Chinese steel futures continued to slide gradually on Thursday, with HRC much weaker than rebar. With the market already preparing for the upcoming holidays, there is unlikely to be any dramatic change from this trend until buyers return from their break, Kallanish notes.

    The May rebar contract on the Shanghai Futures Exchange closed down CNY 31/tonne at CNY 3,256/t ($476/t), while the same contract for hot rolled coil closed down CNY 87/t at CNY 3,551/t. With rebar futures slightly higher than spot prices, and HRC futures well below spot prices, the outlook for rebar remains far stronger than HRC in the short term.

    The key reason is that rebar is more seasonal and should see demand after the New Year. There will also be more buying of HRC, but manufacturing demand appears to be pulling back from a peak at the end of 2016.

    The key trend in the market however is that there is very little actual activity as traders and buyers are breaking for the holiday. Many rolling mills too have closed shop as workers are returning home to spend the next week or two with family. Little dramatic activity is therefore expected until the return from the New Year holiday, officially on 3 February.

    Source: Kallanish.com
  14. forum rang 10 voda 20 januari 2017 15:20
    Korea steelmakers increase autosheet prices

    South Korea’s Posco and Hyundai have increased their autosheet prices for Q1, effective from February. Official data from Korea’s Ministry of Trade, Industry and Energy meanwhile shows that in 2016 Korea produced 4.2 million vehicles, a decrease of -7.2% year-on-year, Kallanish notes.

    Posco has notified car makers that its Q1 cold-rolled and hot-dipped galvanized sheets prices have been hiked by KRW 80,000/tonne ($68/t).

    Hyundai meanwhile has reportedly also lifted prices by around KRW 80,000/t.

    Normal steel product prices have also increased. Hot-rolled coil, cold-rolled coil and color-coated sheet prices have been boosted between KRW 100,000-120,000/t ($84-102/t) for new Q1 orders. Automotive parts manufacturers have complained as a result, as their costs have increased by around KRW 20,000-40,000/t more than for autosheet buyers.

    Korea's domestic car production meanwhile is contuing to struggle as carmakers move towards manufacturing elsewhere in Asia and the Americas.

    Source: Kallanish.com
  15. forum rang 10 voda 20 januari 2017 15:22
    Indian steel sector seen deleveraging to 2018

    After the construction sector, metals and mining is the sector in India that will see most deleveraging between the fiscal year through March 2016 (FY16) and FY18, according to Fitch.

    The reduction in leverage for metals and mining from 6.9x in FY16 to 3.0x in FY18 is largely driven by strong Ebitda growth. “This is the only sector where Ebitda is forecast to more than double over the period based on market expectations for JSW Steel (JSTL) and Tata Steel (TSL) to turn around their performance from a low base by generating strong free cash flow over FY17 and FY18,” Fitch says in a note sent to Kallanish.

    Metals and mining currently accounts for 23% of total net debt among Fitch’s rated Indian corporates, putting it in third place after energy (27%) and utilities (25%).

    JSW’s Ebitda is projected to more than double over FY16-FY18 to INR 130 billion ($1.9 billion) and net debt to fall by -6.3%. “Fitch believes the extensive Ebitda recovery stems from likely steel price improvements, as India limits steel imports, together with likely higher output following a threefold capacity expansion in FY16,” the credit rating agency says. “Further gradual price increases are likely as domestic demand grows.”

    Steel Authority of India (Sail) is forecast “…to turn around its performance over FY16-FY18 due to an expected demand recovery, with Ebitda returning to FY14 levels and net debt increasing at a slower pace of 22.8%,” Fitch continues.

    Tata Steel’s leverage is projected to fall by 5.4 turns due to a 121% projected increase in Ebitda over FY16-FY18, supported by strong steel demand both domestically and externally. “Recovery of steel prices across Europe, China and India is expected to further drive margins and contribute to strong Ebitda generation,” Fitch concludes.

    Source: Kallanish.com
  16. forum rang 10 voda 20 januari 2017 15:24
    Italian crude steel output grows in 2016

    Italy ended 2016 with crude steel output continuing to grow, Kallanish learns from local steelmakers’ association Federacciai.

    After decreasing on-year in September for the first time in 2016, Italian crude steel output resumed growth in October and November. In December it confirmed its upward trend increasing again by as much as 19.8% year-on-year to 1.7 million tonnes. For the whole year raw steel production also increased by 6% compared to 2015, to 23.3mt, the association says.

    In November long products output increased by 11.6% on-year to 1mt, while eleven-month longs output rose slightly, by 3.1% to 10.8mt.

    November flat steel output totalled 1mt, up 6% on the same month in 2015. January-November flats output also grew, by 10.6% to 10.5mt, Federacciai confirms.

    Source: Kallanish.com
  17. forum rang 10 voda 20 januari 2017 15:25
    EU wire rod interest group establishes technical committee

    Eunirpa, the European Non-Integrated Wire Rod Processors Association, has announced that it has established a technical committee on product standards.

    The association was founded last year in protest of Eurofer’s efforts to have imports of wire rod to the EU possibly banned. Such a move would be only in the interest of the vertically integrated EU mills and would lead to shortages with drastic consequences for independent processors, the wire rod group argues.

    Eunirpa says it is pleased about the results achieved in 2016. Its members have been fighting successfully to secure the right to continue to source mesh grade wire rod from independent producers around the world, it says. “One of the main goals of Eunirpa is to ensure that the EU wire rod market can keep operating in accordance with the principles of fair competition,” the association‘s president,  Kris Van Ginderdeuren, tells Kallanish.

    However, he notes that there is no time to be complacent.  Technical barriers, such as the improper use of product standards, are of critical concern to members, which have decided to set up an ambitious action plan in this respect.

    “Fair competition in our industry is not only threatened by the closing of the EU borders to imports through unfair anti-dumping action, but also by the creation of technical barriers through the improper use of product standards, both at national and supra-national levels.” At its meeting in Warsaw on Thursday, Eunirpa has decided to establish a technical committee which will draw up an action plan for product standards assessment.

    Source: Kallanish.com
  18. forum rang 10 voda 20 januari 2017 15:26
    German recycler Scholz dismisses head man

    Oliver Scholz, head of major German recycling group Scholz, has been removed from his position as managing director by new owners Chiho Tiande, Kallanish learns from a statement issued by the group.

    At the Scholz shareholders’ meeting this week, the decision was taken to dismiss Scholz “… for cause and with immediate effect”, from both his position and further service with the German company. In December, Hong Kong based Chiho Tiande finalised its takeover of the ailing German scrap merchant. The move was not exactly unforeseen, as Scholz was allocated the title of ‘interim manager’ in previous announcements.

    The company is currently searching for a replacement in the top management, the statement reads. In the meantime, the company is being managed by the remaining core management team including co-ceo Henry Qin. 

    Source: Kallanish.com
  19. forum rang 10 voda 20 januari 2017 15:27
    Evraz sees higher Q1 output following BF repairs

    Evraz expects steel production at its Russian and Kazakhstani division to increase 4-5% on-quarter in the first quarter as Q4 2016 output was curtailed by capital repairs at ZSMK’s blast furnace no.3. Lower oxygen availability also hampered Q4 production, Kallanish learns from the Russian steelmaker.

    The completion of repairs at ZSMK as well as at KGOK’s sintering machines is also seen boosting sinter output in Q1. Raw coal output is expected to fall however due to scheduled longwall repositioning at Raspadskaya.

    At Evraz’s Ukrainian division crude and finished steel output are seen rising on-quarter in Q1 due to a reduction in merchant pig iron sales.

    Evraz’s Russia/Kazakhstan division saw finished products output fall -5.7% on-quarter in Q4 to 1.22 million tonnes, but semi-finished product output rose 12% to 1.47mt. Saleable pig iron output fell -41% to 54,000t as slab was more profitable than pig iron.

    Average construction steel sales prices rose 8% to $460/tonne ex-works, but semis prices fell -2% to $287/t. Part of the production volumes in Q4 were booked by slabs which were sold at the prices of Q3.

    Despite lower overall finished products output, railway products output rose 17% on-quarter in Q4 to 321,000t thanks to higher demand and the completion of repairs of ZSMK’s rail mill in Q3.

    Full-year 2016 finished products output at Evraz’s Russia/Kazakhstan division fell -6.5% on-year to 5.11mt but semis production rose 4.5% to 5.18mt. This accounted for 71% and 99.8% respectively of Evraz’s consolidated finished products and semis output. Saleable pig iron output dropped -33% to 319,000t but saleable coke production soared 27% to 377,000t.
    Russia/Kazakhstan railway products output rose 16.5% in 2016 to 1.17mt, driven by higher exports.

    Evraz’s Ukrainian division saw finished products output fall -12% on-year in 2016 to 335,000t due to lower construction steel demand from Russia and the CIS, but semis' output rose 16% to 554,000t.

    Ukraine saleable coke production fell -21% to 526,000t due to a transition to a tolling scheme at Yuzhkoks. However, saleable pig iron output grew 18.5% to 87,000t as 2015 output was affected by unstable blast furnace operation and repairs.

    Source: Kallanish.com
35.173 Posts
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