Metinvest’s deliveries to CIS market increase in September

Wednesday, 14 October 2009 16:59:32 (GMT+3)   -  
SteelOrbis News

The Ukrainian mining and steel producing company Metinvest Holding (Metinvest) has announced that in September this year it delivered to the Ukrainian domestic market as well as to CIS countries about 140,000 mt of shaped sections, long and flat rolled steel products - up 18.5 percent compared to September 2008.

Accordingly, during the period in question Metinvest's deliveries to the Ukrainian domestic market through its steel trading company Metinvest-Ukraine amounted to 83,000 mt, while its export deliveries to CIS countries through Metinvest-Ukraine and Metinvest-Eurasia reached 57,000 mt.

Metinvest notes that the greatest increase was registered in its sales of industrial product types, such as wire rod, rails and flats, mainly due to the tenders the company won, and due to the attraction of new customers in these sectors.

However, according to Metinvest's director of steel and rolled products division, Jack Maclachlan, there are still no precise signs that effective demand is growing. "That (increased demand) which we see in the steel market can be explained by the replenishment of warehouse reserves," Mr. Maclachlan said.

Tags: wire rod , wire , longs , flats , Ukraine , CIS , consumption , trading | similar articles »