Metals and Mining

Metal Courier reports Ukraine’s steelmakers showed September steel output up 6% MoM (+11% YoY in 9M10) to 2,744 mln tonnes.

Khartsyzsk Pipe [HRTR UK] has passed the procedure of certification in C4Gas S.A. (France), a main purchaser of pipes for the EU gas and oil transportation companies. Khartsyzsk Pipe and it’s owner – Metinvest Holding are now officially included into list of trusted suppliers for Gaz de France as testing of trial consignment sent to Gaz de France in February has finished with positive results.

According to Ferrexpo’s [FXPO LN] press release, the company has attracted USD 350 mln in pre-export debt financing. After an 18-month grace period, the company should pay out the debt until March 2014. The loan was organized by 12 banks, with Deutsche Bank in the lead.

According to Ferrexpo’s [FXPO LN] press release, the company has attracted USD 350 mln in pre-export debt financing. After an 18-month grace period, the company should pay out the debt until March 2014. The loan was organized by 12 banks, with Deutsche Bank in the lead.

In August, export of steel pipes from Ukraine increased by 33.7% MoM to 127.2 thsd tons. Income on export increased by 36.7% to USD 137.4 mln. The January-August period witnessed a 15.1% YoY export decline to 778.3 thsd tons at an overall cost of USD 793.3 mln.

Ukraine’s steelmakers plan to increase steel output in October by 11.3% MoM to three mln tonnes, compared to expected production in September, Interfax reported.

According to Interfax, the Evraz group is going to merge Petrovskyi ISW [DMZP UK] and Dneprokoke [DNKOK UK] into one company for an increase in the statutory funds of DMZP of 24.4% to UAH 575 mln.

According to Metal Courier, Alchevsk ISW [ALMK UK] plans to boost pig iron output in September by 88% or 178 thousand tons to 380 thousand tons.

Ferrexpo [FXPO LN], Ukraine’s second-largest iron ore producer—and which controls Poltava GOK [PGOK UZ]—decreased pellet output by 8.7% MoM in August to 787,000 tonnes (+15.5% in 8M10). These results were published by the Company.

Domestic producers showed increased coke output in August by 7.4% MoM to 1.5 mln tonnes (+7.4% in 8M10), Ukrcoke reported.