bankruptcies
Opinions Industry bankruptcies
24 February 2020
Steelmaking is one of the industries where risk of default is always high
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- Ukraine increased exports of titanium ores by 50% in September
- AMKR cut production of rolled products by 2% in January–September
- Nine Chinese companies will control 75% of steel production — SteelHome
- SteelHome predicts a 5.6% reduction in China’s imports of iron ore in 2021
- Metinvest saves $50 million a year due to digitalization projects
- SteelHome predicts a 0.8% increase in steel consumption in China in 2021
- Metinvest to invest $433 million in environmental projects by 2025
- World Steel Dynamics says steel prices will grow by 2% in 2021
- Ukraine’s pipe exports declined by 4.9% in September
- Ukraine’s exports of semi-finished products grew by 28.3% in September
- Companies
- AMKR cut production of rolled products by 2% in January–September
- Metinvest to invest $433 million in environmental projects by 2025
- Ferrexpo ramped up pellet production by 3% in January–September
- Metinvest increased revenue by 7.4% in July
- Interpipe cut revenues by 16% in H1
- Ferrexpo ramped up pellet production by 4% in January–August
- AMKR to invest $250 million in a new pelletizing plant by 2023
- Metinvest cut revenue by 15% in H1
- Interpipe to build an additional shop to produce wheel pairs
- Ferrexpo increased production of iron ore pellets by 3.5% in January–July
- Ecology
- The Ukrainian Parliament registered a draft law on industrial emissions allow...
- Ukraine to seek funding for participating in the European Green Deal
- Ukravtodor is going to increase the use of slag in road construction
- Business calls on the Government to step up the launch of the market for CO2
- Steelmakers and road builders agreed to step up slag recycling
- The Ministry of Natural Resources named priorities of the climate policy
- Business advocates the increased use of slags in road construction
- Metinvest has invested ₴22.5 billion in the environment in Kryvyi Rih
- Business calls to impose moratorium on a hike in environmental tax
- AMKR invested over $180 million in ecological modernization
- Global Market
- Nine Chinese companies will control 75% of steel production — SteelHome
- SteelHome predicts a 5.6% reduction in China’s imports of iron ore in 2021
- SteelHome predicts a 0.8% increase in steel consumption in China in 2021
- World Steel Dynamics says steel prices will grow by 2% in 2021
- The UK will have its own steel import quotas from 1 January
- Ukraine-made long products to enter non-traditional markets
- Steel consumption in Georgia in 2019 fell by 7.7%
- Steel consumption in Uzbekistan was 18% up in 2019
- Steel consumption in Azerbaijan declined by 26% in 2019
- Steel consumption in Kazakhstan grew by 12% in 2019
- Industry
- Ukraine increased exports of titanium ores by 50% in September
- Ukraine’s pipe exports declined by 4.9% in September
- Ukraine’s exports of semi-finished products grew by 28.3% in September
- Ukraine’s iron ore exports grew by 26% in September
- Ukraine’s revenue from exports of metals fell by 17.3% in January–September
- Ukraine reduced ferroalloys production by 21% in January–August
- Construction output grew by 8.3% in August
- Ukrainian steelmakers cut steel production by 5.7% in August
- Ukraine reduced coke production by 6% in January–August
- Ukraine cut pipe production by a third in January–August
- Infrastructure
- Metinvest supplied 18.5 thousand tons of steel for a bridge in Genoa
- Ukraine’s iron ore exports through seaports grew by 49% in March
- Rail transportation of metals fell by 5% in 2019
- Ukrainian seaports increased iron ore transshipment by one third in 2019
- Ukraine’s housing construction grew by 2% in 10 months
- Construction metal prices dropped by 10.5% over 10 months
- The construction output in Ukraine increased by 20.5% over 9 months
- Problems with vessel calls in the Sea of Azov in August and September
- In January to August, production of railway cars in Ukraine grew by 5.8%
- In the first 7 months of 2019, cargo traffic along the Dnieper increased by 3...
- Society
- Salaries in the mining & metals sector of Ukraine increased for most position...
- Salaries in the mining & metals sector of Ukraine slightly decreased in June
- Average salaries in the steel industry increased by 3.5% in May
- Interpipe allocated ₴36 million to support health care facilities
- Ferrexpo spent more than ₴21.5 million to help hospitals
- Average salaries in the mining & metals sector increased in all segments
- Rinat Akhmetov to donate ₴300 million to combat the coronavirus outbreak
- Ferrexpo to give $2.5 million in fight against the coronavirus
- Downsizing is what Ukrainian companies have in mind
- Employment in the steel industry fell again in November
- State
- The Cabinet of Ministers prolongs the quarantine until the end of the year
- The Ministry of Economy estimates a drop in Ukraine’s GDP in 8 months at 5.8%
- Three Resolutions on greenhouse gas emission allowances were adopted at once
- Industrial production in Ukraine declined by 5.3% in August
- Ukraine wants an individual approach in the European Green Deal
- The Ministry of Economy estimates a drop in 7 months Ukraine’s GDP at 6.2%
- The Government started developing the National Economic Strategy
- Ukraine exempted from duty some Chinese importers of seamless pipes
- Industrial production in Ukraine declined by 4.2% in July
- President Zelenskyi urges Turkey to lift duties on Ukrainian steel
- Technologies
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- Black Jack: the story of a new iron ore deposit in Ukraine
- Mining & metals companies increased capital investment by 37% in 2019
- The peak price: high quotations play into the hands of mining companies
- Ukrainian steelmakers joined the fight against the coronavirus epidemic
- The misfortune came: the impact of the coronavirus on the steel industry
- The recession and revaluation inflicted losses on steelmakers
- Risks 2020: what steelmakers expect from the coming year
- Price review of the market of raw materials in the steel industry
- Falling sheet: price review of the flat products market
- Long products, low quotations: a review of the rebar market
- Companies
- Ecology
- Global Market
- The peak price: high quotations play into the hands of mining companies
- The misfortune came: the impact of the coronavirus on the steel industry
- Long products, low quotations: a review of the rebar market
- Two Ukrainian steel companies were left out of the game
- High iron ore prices boost exports of raw materials and rolled steel
- Russia introduces quotas for scrap exports: how will it affect Ukraine?
- Lower quotas, less steel: the EU steelmakers want tighter quotas
- Industry
- Mining & metals companies increased capital investment by 37% in 2019
- Ukrainian steelmakers joined the fight against the coronavirus epidemic
- The recession and revaluation inflicted losses on steelmakers
- Risks 2020: what steelmakers expect from the coming year
- Price review of the market of raw materials in the steel industry
- Falling sheet: price review of the flat products market
- Pipe playing: how many steel products does the oil & gas industry consume?
- Domestic steel: Ukrainian steel consumption in H1 2019
- Income from waste: Ukraine can double slag processing and exports
- What Ukrainian shipbuilders produced in 6 months
- Infrastructure
- Society
- State
- Technologies
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- Ferrexpo invested over ₴891 million in environmental projects in 2.5 years
- Green transition: how to go green without going astray
- What does the deal between ArcelorMittal and Cleveland-Cliffs mean?
- Slowly but surely: how soon the world will be decarbonized
- The carbon threat to Ukrainian exports to the EU
- Why the steel industry needs blockchain
- The rules have changed: protectionism is a new normal
- The impact of the quarantine: how to not lose the industry
- Why are there so many bankruptcies in the industry?
- Why the steel industry is not in a hurry to consolidate
- Companies
- Ecology
- Ferrexpo invested over ₴891 million in environmental projects in 2.5 years
- Green transition: how to go green without going astray
- Slowly but surely: how soon the world will be decarbonized
- The carbon threat to Ukrainian exports to the EU
- Challenge for the coming decades
- Green steel production in Europe and in Ukraine
- Global Market
- Industry
- The rules have changed: protectionism is a new normal
- The impact of the quarantine: how to not lose the industry
- Why are there so many bankruptcies in the industry?
- The TOP 6 risks for Ukraine’s steel industry in 2020
- On the verge. What is going on in Ukraine’s steel industry?
- Why should Ukrainian steelmakers invest in development?
- The reverse side of revaluation
- What new EU quotas mean for Ukrainian steelmakers
- What Ukrainian steelmakers can expect in 2019
- Raw materials exports are not economically backward. When can export of semi-...
- Infrastructure
- Society
- State
- Technologies
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- The metal sector outspends other industries on environmental costs
- Mining & metals companies generate every eighth hryvnia of Ukraine’s GDP
- The global scrap market may shrink this year
- Consumers and shipment volumes of Ukrainian iron ore
- Capital investment in the mining & metals sector doubled in 5 years
- The industry recovers after a decline early this year
- How Ukraine’s steel industry resists global protectionism
- Environmental costs in the mining & metals sector grew by 25–30% in 2018
- The global market of hot-dip galvanized coils will continue to grow
- The situation in the ferroalloys market: production and exports
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- Horst Wiesinger: “Quality! That is my advice for Ukrainian steelmakers”
- Mauro Longobardo, “We believe the government will not allow a suspension”
- Anatoliy Kinakh, “We are losing entire sectors of economy”
- Anna Derevyanko, “We have a chance to equalize the terms for doing business”
- Gabriel Sauer: «Business should invest in clean technology»
- Ugur Dalbeler: “There will be further production cuts in steel sector”
- Robert J. Mateer: “Steel will win out over aluminum in the automotive”
- Horst Wiesinger: “Professionalism becomes increasingly important”
- Kristian Yerygin: “Slags can and should be used in road construction”
- Rostislav Shurma: “Our production target for 2019 is 4.3 mln tonn of pig iron”
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- ArcelorMittal Kryvyi Rih
- Pokrov GOK (Mining and Processing Plant)
- Marganets GOK (Mining and Processing Plant)
- Zaporizhzhia Iron Ore Plant
- Kryvyi Rih Iron Ore Plant
- Ingulets GOK (Mining and Processing Plant)
- Central GOK (Mining and Processing Plant)
- Nikopol Ferroalloy Plant
- Zaporizhzhia Coke Plant
- Yasynivka Coke Plant
- Coke
- Ferroalloys
- Flats
- Iron Ore
- ArcelorMittal Kryvyi Rih
- Pokrov GOK (Mining and Processing Plant)
- Marganets GOK (Mining and Processing Plant)
- Zaporizhzhia Iron Ore Plant
- Kryvyi Rih Iron Ore Plant
- Ingulets GOK (Mining and Processing Plant)
- Central GOK (Mining and Processing Plant)
- Ferrexpo Poltava Mining
- Sukha Balka GOK (Mining and Processing Plant)
- Northern GOK (Mining and Processing Plant)
- Longs
- Pipes
- Semis