Metinvest deliveries to CIS market increase in September

Monday, 19 Oct 2009

The Ukrainian mining and steel producing company Metinvest Holding has announced that in September this year it delivered to the Ukrainian domestic market as well as to CIS countries about 140,000 tonnes of shaped sections, long and flat rolled steel products up by 18.5%YoY.

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 tonnes while its export deliveries to CIS countries through Metinvest-Ukraine and Metinvest-Eurasia reached 57,000 tonnes.

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 director of steel and rolled products division, Mr Jack Maclachlan there is still no precise signs that effective demand is growing. He said that "That which we see in the steel market can be explained by the replenishment of warehouse reserves."

(Sourced from SteelOrbis)
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