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Metinvest’s Steel Shipments to CIS Up 90% in 2010

12/08/2010 - For 10 months of 2010 Metinvest-Ukraine increased its shipments of steel products to CIS countries by 90%—135,000 tonnes vs. 71,000 tonnes in the previous year. Belarus became the major steel-plate-consuming market while Transcaucasia and Central Asia showed significant demand for shapes and structurals.

For 10 months of 2010 Metinvest-Ukraine increased its shipments of steel products to CIS countries by 90%—135,000 tonnes vs. 71,000 tonnes in the previous year.
 
Metinvest-Ukraine’s shipments to Central Asia grew by 137%, up to 54,000 tonnes; in the Transcaucasia region, 28,000 tonnes were sold, exceeding the 2009 sales by 65%; sales to Belarus totaled 41,000 tonnes—58% more than sold in 2009.
 
Belarus became the major steel-plate-consuming market while Transcaucasia and Central Asia showed a significant demand for shapes and structurals. Rails were of major demand in the Central Asian market, driving the sales of this product to 53,000 tonnes, an increase of 330%. 
 
Dmitriy Nikolaenko, acting Sales Director of the Steel and Rolled Product Division, said that the sharp rise in sales, in particular, on the Transcaucasia market, was caused by a general consumption growth as well as proactive participation of the company in tenders held on these markets.
 
“This year a considerable growth of volumes sold to CIS countries took place as we were able to significantly increase volumes of R65 rails sold to meet the demand of national railway authorities. Rails constituted a share of 40% in our total sales,” said Oleg Olshanskiy, Chief Executive Officer of Metinvest Ukraine.
 
Metinvest Ukraine, LLC is the wholesale sales channel of the Sales Organization in the Steel and Rolled Products Division of Metinvest Group. The company sells products under the brand of Metinvest® at the markets of Ukraine and CIS countries in batches from 65 tonnes and more. Major customers of Metinvest Ukraine include companies in heavy engineering, shipbuilding, automotive, mining and steelmaking, hardware production, and coal mining, as well as national railways in Ukraine and CIS. Metinvest Ukraine is the largest steel trader in Ukraine and CIS, with sales volumes exceeding 1 million tonnes per year.
 
Metinvest is an international vertically integrated mining and metallurgical group of companies. Production facilities of Metinvest Group enterprises allow them to satisfy their own demand for raw materials, liquid steel, and semi-finished products and to be a key supplier for major Ukrainian and European companies as well as Asian companies. The shareholders of Metinvest Group are SCM Group (75%) and Smart Holding (25%), which take part in management of Metinvest Group on partnership basis.