You are here: Home > Steel News > Latest Steel News > Ukraine's...

Ukraine's Metinvest to start rebar shipments to Belarus

Thursday, 10 March 2011 17:27:11 (GMT+3)   |  
       
Ukraine's largest vertically-integrated mining and steel group Metinvest has announced that starting from March 2011 it plans monthly sales of 2,500-3,000 mt of rebar to Belarus, as it has completed the certification of the reinforcing bars produced by its subsidiary Makiivka Iron and Steel Works for the market of Belarus based on the standards for this region.
 
Accordingly, the certification will allow Metinvest to increase its sales of long steel products to the market of Belarus to 50,000 mt, which is a twofold increase of sections and shaped steel sales volumes compared to last year.
 
"This year we are planning to sell around 25,000 mt of rebars to the Belorussian market. Including the plans to ship other long products, the total volume of sections and shaped steel will increase to 50,000 mt," said Dmitry Nikolayenko, sales director of Metinvest's steel and rolled products division.
 
Belarus is one of the most intensive markets among CIS countries in terms of steel consumption. In 2010, CIS countries (excluding Russia) received 159,300 mt of rolled steel from Metinvest. Belarus received 49,700 mt of rolled products from Metinvest during the year in question, taking its share in the CIS sales structure of Metinvest to 31 percent.

Similar articles

Import rebar in Asia pushed close to $500/mt CFR by bearish Chinese market

26 Jul | Longs and Billet

Steel traders in China try to delay implementation of new rebar standards

26 Jul | Steel News

Major steel and raw material futures prices in China – July 26, 2024 

26 Jul | Longs and Billet

MOC: Average steel prices in China decline during July 15-21

26 Jul | Steel News

US scrap prices seen sideways to $20/mt up for August as supply remains tight

25 Jul | Scrap & Raw Materials

Turkish domestic rebar spot prices follow diverse trends

25 Jul | Longs and Billet

US domestic rebar and wire rod prices mixed as bottom may be at hand with higher scrap

25 Jul | Longs and Billet

US import rebar and wire rod prices flat to lower as August scrap is talked up

25 Jul | Longs and Billet

Romanian longs market under pressure from low demand, approaching holidays

25 Jul | Longs and Billet

Longs market in southern Europe stagnant before summer shutdowns

25 Jul | Longs and Billet