The international rating
agency Fitch has confirmed the B-rating of Finest Trading Co Limited (Cyprus),
the holding company of the Donetskstal group.
Showing posts with label Donetskstal. Show all posts
Showing posts with label Donetskstal. Show all posts
5/30/13
Donetskstal to receive a soft loan for open hearth steel production
Mr. Igor Prasolov,
minister of Economic Development and Trade of Ukraine, said that Donetskstal
Iron and Steel Works will receive a soft loan of $320 million for the
replacement of the open hearth steel production by electric furnace under the
government program to support the development of the internal market.
Mr. Prasolov said that
"In general, within the framework of the program of state support for key
industries we have prepared 65 proposals for banks, of which 49 have already
been sent to the financial institutions. Positive decision on two
projects". (SteelGuru)
5/17/12
Donetskstal Group expects net profit to fall by 45% in 2012
Mr. Oleksandr Liubarev, CFO of Donetskstal Group, a large Ukrainian coal, coke, cast iron and rolled steel manufacturer, said that the company expected that in 2012 the group would see $171 million in net profit, 45% less than on 2011.
He added that thanks to the debt restructuring conducted last year, the debt burden in coming years would not hinder the company development. Until H2, 2014 when the group is to pay over $350 million, payments will reach some $75-95 million each six months.
The group revenue this year could fall by 21% to $1.644 billion due to the worsening of the situation.
Donetskstal expects that in 2013 profitability and sales will be restored. In 2013, it is anticipated that the net profit will expand to $277 million and revenues to $2.008 billion with further boosting in 2014 to $328 million and $2.196 billion respectively.
The EBITDA margin will be retained at higher than 27%, while the ratio of net debt to EBITDA will be no lower than 2.5. The group plans to continue a capital investment program, spending $365 million this year, $248 million next year and $228 million in 2014 on its realization.
The $1.2 billion capital investment program for 2012-2016 foresees spending 76% of the funds to develop coal extracting facilities, 17% to upgrade metallurgical facilities and 7% to develop coke production facilities. 81% of the sum is classified as maintenance, while the remaining 19% is investment which will be spent mainly this year and in coming years. (SteelGuru)
He added that thanks to the debt restructuring conducted last year, the debt burden in coming years would not hinder the company development. Until H2, 2014 when the group is to pay over $350 million, payments will reach some $75-95 million each six months.
The group revenue this year could fall by 21% to $1.644 billion due to the worsening of the situation.
Donetskstal expects that in 2013 profitability and sales will be restored. In 2013, it is anticipated that the net profit will expand to $277 million and revenues to $2.008 billion with further boosting in 2014 to $328 million and $2.196 billion respectively.
The EBITDA margin will be retained at higher than 27%, while the ratio of net debt to EBITDA will be no lower than 2.5. The group plans to continue a capital investment program, spending $365 million this year, $248 million next year and $228 million in 2014 on its realization.
The $1.2 billion capital investment program for 2012-2016 foresees spending 76% of the funds to develop coal extracting facilities, 17% to upgrade metallurgical facilities and 7% to develop coke production facilities. 81% of the sum is classified as maintenance, while the remaining 19% is investment which will be spent mainly this year and in coming years. (SteelGuru)
4/27/12
Donetskstal in talks on acquisition of steel mill in Serbia
The Donetskstal Group is in talks on the acquisition of Zelezara Smederevo steel mill in Serbia.
The press service of private joint-stock company Donetskstal Metallurgical Plant said "Information on the stoppage of talks, that have appeared in media reports, are rumors that are not true. At present, the Serbian government is considering the possibility of participating in the procedure".
Earlier media reports said that Donetskstal had suspended talks on the acquisition of the Serbian company due to difficulties with returning it to profitable operation.
Bids are accepted by April 27 2012 and offers can be submitted by May 4 2012.
PJSC Donetskstal Metallurgical Plant was established on the basis of DMZ. It produces metal goods and sells 40% coke. (SteelGuru)
The press service of private joint-stock company Donetskstal Metallurgical Plant said "Information on the stoppage of talks, that have appeared in media reports, are rumors that are not true. At present, the Serbian government is considering the possibility of participating in the procedure".
Earlier media reports said that Donetskstal had suspended talks on the acquisition of the Serbian company due to difficulties with returning it to profitable operation.
Bids are accepted by April 27 2012 and offers can be submitted by May 4 2012.
PJSC Donetskstal Metallurgical Plant was established on the basis of DMZ. It produces metal goods and sells 40% coke. (SteelGuru)
1/11/11
Donetskstal to commission new mini-mill 100 in January
It is reported that the Ukrainian steel producer Donetskstal plans to commission its new bar-rolling mini-mill 100 in January.
Donetskstal started the preparation works for the launch of the mill in December 2010.
The planned production capacity of the mill, which will mainly produce wire rod, will amount to 400,000 tons of steel products per month. (SteelOrbis)
Much more about metal of Ukraine, Russia and other CIS-countries at http://metalukraine2010.blogspot.com/
Donetskstal started the preparation works for the launch of the mill in December 2010.
The planned production capacity of the mill, which will mainly produce wire rod, will amount to 400,000 tons of steel products per month. (SteelOrbis)
Much more about metal of Ukraine, Russia and other CIS-countries at http://metalukraine2010.blogspot.com/
11/16/10
Donetskstal increased open-hearth steel production
It is reported that Donetskstal Metallurgical Plant increased the open-hearth steel production by 22.2%, or by 8,000 tons, to 44,000 tons in October compared to September. This was reported by the spokesman in the Cabinet of Ministers of Ukraine.
In October Donetskstal reduced pig iron production by 8.1%, or 9000 tons, to 102,000 tons. Donetskstal reduced the open-hearth steel production by 18.5%, or 10,000 tons, in October 2010 compared to October 2009.
In January to October 2010 compared to the same period last year Donetskstal reduced the open-hearth steel production by 1.5%, or 7000 tons, to 451,000 tons.
In September Donetskstal Metallurgical Plant reduced the open-hearth steel production by 12.2%, or 5000 tons, to 36,000 tons compared to August.
Donetskstal reduced the production of open-hearth steel by 39.3%, or 342,000 tons, to 528,000 tons in 2009 compared to 2008. (Minprom)
Much more about metal of Ukraine, Russia and other CIS-countries at http://metalukraine2010.blogspot.com/
In October Donetskstal reduced pig iron production by 8.1%, or 9000 tons, to 102,000 tons. Donetskstal reduced the open-hearth steel production by 18.5%, or 10,000 tons, in October 2010 compared to October 2009.
In January to October 2010 compared to the same period last year Donetskstal reduced the open-hearth steel production by 1.5%, or 7000 tons, to 451,000 tons.
In September Donetskstal Metallurgical Plant reduced the open-hearth steel production by 12.2%, or 5000 tons, to 36,000 tons compared to August.
Donetskstal reduced the production of open-hearth steel by 39.3%, or 342,000 tons, to 528,000 tons in 2009 compared to 2008. (Minprom)
Much more about metal of Ukraine, Russia and other CIS-countries at http://metalukraine2010.blogspot.com/
9/22/10
Donetskstal wants to supply coke to US Steel in Serbia and Slovakia
It is reported that Donetskstal Group, the owner of Yasinovka Coke Plant, is negotiating with US Steel for coke supplies. The supplies are to be made to USS steel mills in Serbia and Slovakia with overall coke needs of 1.2 million tons per annum.
According to Millennium Capital analyst “The news is Positive for YASK UK. Mariupol Ilyich Iron and Steel Works, previously the major customer of YASK, switched to AVDK coke supplies in July, following the merger with Metinvest. Ilyich was leasing two out of three YASK coke batteries with the coking capacity of 1.4 million tons per annum out of YASK total 1.83 million tons, so now YASK is looking for the new consumers for its premium coke in the face of US Steel.” (Millennium Capital)
Much more about metal of Ukraine, Russia and other CIS-countries at http://metalukraine2010.blogspot.com/
According to Millennium Capital analyst “The news is Positive for YASK UK. Mariupol Ilyich Iron and Steel Works, previously the major customer of YASK, switched to AVDK coke supplies in July, following the merger with Metinvest. Ilyich was leasing two out of three YASK coke batteries with the coking capacity of 1.4 million tons per annum out of YASK total 1.83 million tons, so now YASK is looking for the new consumers for its premium coke in the face of US Steel.” (Millennium Capital)
Much more about metal of Ukraine, Russia and other CIS-countries at http://metalukraine2010.blogspot.com/
6/17/10
Donetskstal halts BF due to price fall
Donetskstal (DMZ) stops the second of its two blast furnaces because of price fall at steel markets and price growth at raw materials market.
Today the furnace is in the stopping stage reported recently by the deputy head of press department Ms. Julia Revyakina. According to her words, the furnace is stopped for a period around eight month that is till the beginning of 2011.
She said that the furnace is stopped till the stabilization of situation because today it is unprofitable to produce pig iron: a ton of pig iron costs $400 on the market while coke costs $410 per ton, which is completely illogical. That is why the mill will work some time without blast furnace production.
She also explained that the company keeps steel products production. To produce long steel products, a billet will be purchased. Moreover, there is an open-hearth production at the mill.
As it has been reported before, since June 1st 2010 DMZ stopped one blast furnace because of falling off in the market. Press department reported that time that there was devised and implemented in September 2008 a no-expenses technology for smooth stop of blast furnaces at the mill which allowed to put them fast in operation again in case the market of iron and steel stabilized and to reach the technological parameters of operations that had been before the stop. (Rusmet)
Much more about metal of Ukraine, Russia and other CIS-countries at http://metalukraine2010.blogspot.com/
Today the furnace is in the stopping stage reported recently by the deputy head of press department Ms. Julia Revyakina. According to her words, the furnace is stopped for a period around eight month that is till the beginning of 2011.
She said that the furnace is stopped till the stabilization of situation because today it is unprofitable to produce pig iron: a ton of pig iron costs $400 on the market while coke costs $410 per ton, which is completely illogical. That is why the mill will work some time without blast furnace production.
She also explained that the company keeps steel products production. To produce long steel products, a billet will be purchased. Moreover, there is an open-hearth production at the mill.
As it has been reported before, since June 1st 2010 DMZ stopped one blast furnace because of falling off in the market. Press department reported that time that there was devised and implemented in September 2008 a no-expenses technology for smooth stop of blast furnaces at the mill which allowed to put them fast in operation again in case the market of iron and steel stabilized and to reach the technological parameters of operations that had been before the stop. (Rusmet)
Much more about metal of Ukraine, Russia and other CIS-countries at http://metalukraine2010.blogspot.com/
6/1/10
Donetskstal to idle BF due to weak market
It is reported that the Ukrainian steel producer and one of the country largest pig iron exporters Donetskstal has decided as of June 1st to stop operations at one of its two blast furnaces for a period of one month, considering the complicated situation in the world pig iron market.
Accordingly, due to low sales prices for pig iron and increased raw material purchasing costs, economic experts at the plant consider that the operation of one BF is the optimal way of organizing the plant operations in June. The idling of BF No 2 with a 55,000 tons monthly capacity will allow the plant to reduce its output and to focus on reducing its costs, as well as to carry out some planned repairs of the BF shop infrastructure. According to reports, the production target for BF No.1 alone, which has a 90,000 tons monthly capacity, has now been set at about 58,000 tons to 59,000 tons of pig iron per month.
In September 2008, Donetskstal developed and tested costless technology for soft stoppage of the furnaces which, in case of market stabilization, allows the plant to quickly restart operations at the furnaces and to reach previous output levels. Donetskstal also noted that, despite the stoppage of BF No 2 it will be able to fulfill its obligations to consumers.
In April this year, Donetskstal saw its pig iron output decrease by 3.3% YoY to 117,000 tons. Meanwhile, in January to April 2010, Donetskstal increased its pig iron production by 17% to 486,000 tons, crude steel output by 5.8% YoY to 200,000 tons and its finished steel production by 21.2% YoY to 183,000 tons. (SteelOrbis)
Accordingly, due to low sales prices for pig iron and increased raw material purchasing costs, economic experts at the plant consider that the operation of one BF is the optimal way of organizing the plant operations in June. The idling of BF No 2 with a 55,000 tons monthly capacity will allow the plant to reduce its output and to focus on reducing its costs, as well as to carry out some planned repairs of the BF shop infrastructure. According to reports, the production target for BF No.1 alone, which has a 90,000 tons monthly capacity, has now been set at about 58,000 tons to 59,000 tons of pig iron per month.
In September 2008, Donetskstal developed and tested costless technology for soft stoppage of the furnaces which, in case of market stabilization, allows the plant to quickly restart operations at the furnaces and to reach previous output levels. Donetskstal also noted that, despite the stoppage of BF No 2 it will be able to fulfill its obligations to consumers.
In April this year, Donetskstal saw its pig iron output decrease by 3.3% YoY to 117,000 tons. Meanwhile, in January to April 2010, Donetskstal increased its pig iron production by 17% to 486,000 tons, crude steel output by 5.8% YoY to 200,000 tons and its finished steel production by 21.2% YoY to 183,000 tons. (SteelOrbis)
5/5/10
Donetskstal to construct a coke oven battery at Makeevkoks this year
It is reported that the Ukrainian steel group Donetskstal plans by the end of the current year to complete the construction of the new 350,000 tons capacity coke oven battery at its coke producing subsidiary Makeevkoks. The total investments in the construction amount to about $30 million. (SteelOrbis)
4/20/10
Donetskstal denies coking coal JV plans with ArcelorMittal
It is reported that the Ukrainian steel group Donetskstal has denied reports that it has made a proposal to ArcelorMittal to create a JV for the production of coking coal at the Karagaylinskaya mine located in Russia's Kemerovo region or to sell 50% of the mine to ArcelorMittal.
It said "No negotiations are taking place in relation to the sale or the creation of a joint venture and the respective proposals for ArcelorMittal do not exist."
Donetskstal also said that currently it is implementing a successful investment project at the Karagaylinskaya mine. (SteelOrbis)
It said "No negotiations are taking place in relation to the sale or the creation of a joint venture and the respective proposals for ArcelorMittal do not exist."
Donetskstal also said that currently it is implementing a successful investment project at the Karagaylinskaya mine. (SteelOrbis)
Subscribe to:
Posts (Atom)