Ukrainian pipe output down in January-April 2014

In January-April major Ukrainian pipe companies produced 477 thousand tons of ferrous pipes, down by 16.1% YoY.

Dniepropetrovsk region increases steel and ore output

In January-November metal companies of the Dniepropetrovsk region produced 10.5 million tons of steel (106.6% YoY), almost 9 million tons of iron ore (110.4%), 2.2 million tons of sinter (120%), 51.3 million tons of iron ore concentrate (102.4%), 9.1 million tons of rolled metal (102.5%) and 12 million tons of pellets (103.6%).

Centravis issues 2009 results

The Cyprus-registered holding company Centravis Ltd. announced that in 2009 its Ukrainian seamless stainless steel tube producing subsidiary Centravis Production Ukraine, based in the Nikopol city, saw a 41.08% YoY decrease in its tube production to 9,771 tons. Meanwhile, in 2010 it is planned that the subsidiary will increase its output by 48.4% YoY to 14,500 tons.
Mr. Yuri Atanasov, CEO of Centravis, said "The past year of 2009 was challenging for us. The global financial crisis, the decline in orders from chemical and petrochemical industries, the economic crisis in the country, which practically paralyzed the VAT return for export companies - all these affected our business."
In 2009 Centravis Production Ukraine registered a loss of UAH 97 million compared to a loss of UAH 15.7 million in 2008.
In 2009, Centravis Ltd. total sales volume of tubes amounted to 11,410 tons compared to 16,939 tons in 2008. The geography of its product distribution remained without significant change: CIS with 49%, Europe with 44%, America with 6%, Asia with 0.4% and the rest of the world with 0.6%.
In 2010, Centravis expects an increase in its annual turnover to $167 million from $137 million registered in 2009 and expects a rise in its EBITDA to $11.9 million compared to $7.786 in 2009. (SteelOrbis)

Ukrainan Centravis approved as tube supplier to Saudi Aramco

It is reported that the Ukrainian seamless stainless steel tube producer Centravis has announced that it has been successfully certified and joined the ranks of the officially approved suppliers of one of the leaders in the oil and gas sector, the state owned national company of Saudi Arabia, Saudi Aramco.
The status of the official supplier of Saudi Aramco ensures Centravis the possibility of supplying Aramco with seamless stainless steel tubes with outside diameter up to 114 mm and U-tubes with outside diameter up to 38 mm.
Mr. Yuriy Atanasov general manager of Centravis said "It is a great honor for us to be in the rank of officially approved suppliers of the biggest company in oil and gas sector in the Middle East. For the near future we plan to strengthen our cooperation by extending the certified product assortment up to diameter 219 mm." (SteelOrbis)