Metals and Mining

The Interpipe Niznedneprovsky Tube Rolling Plant [NITR UZ, U/R] produced 20.5 thsd mt of pipes in November, which is down 43% MoM, according to Interfax-Ukraine. The November volume is 56% lower than the monthly average for 11M08 of 46.7 thsd mt. The total 11M08 output, 514 thsd mt, is down 6% YoY.

According to Interfax-Ukraine, Dniprovsky Iron & Steel Works named after Dzerzhinsky, or simply Dzerzhynka [DMKD UZ, U/R], produced 209 thsd mt of steel in November, up 47% MoM but still 24% below the 11M08 monthly average of 272 thsd mt. The 11M08 total of 2.99 mln mt is down 13% YoY.

The correct output volume for all Ukrainian coke makers for November is 980 thsd mt.

In November, Bagliy Coke [BKOK UZ, U/R] decreased output of 6%-humidity gross coke by 18% MoM to 27 thsd mt, according to Interfax-Ukraine.

In November, Avdiivka Coke [AVDK UZ, U/R] decreased output of 6%-humidity gross coke by 25% MoM to 171 thsd mt, according to Interfax-Ukraine. In comparison with the average 11M08 output at 341 thsd mt, the November volume was down 50%. The total 11M08 production volume of 3.75 mln mt is up 16% YoY.

In November, Alchevsk ISW [ALMK UZ, U/R] smelted 189 thsd mt of crude steel, according to Interfax-Ukraine. November’s volume is 34% up MoM, but still 50% below the 11M08 average of 376 thsd mt. The total 11M08 crude steel production volume of 4.135 mln mt is 15% up YoY.

A large stake (206.0 mln shares, 7.93%) in Khartsyzk Pipes & Tubes [HRTR UZ, N/R] changed hands on December 02 in a single deal on PFTS, the main Ukrainian stock exchange. The price was UAH 2.15 per share (USD 0.291 at USD/UAH 7.38). The deal amounted to UAH 442.8 mln (USD 60.00 mln), bringing the valuation of the entire company to USD 757 mln.

Enakievo ISW group, which includes OJSC Enakievo Iron & Steel Works [ENMZ UZ, U/R], smelted 134 thsd mt of steel in November, down 26% MoM, according to Interfax-Ukraine. Last month’s output is 42% below the 11M08 average of 230 thsd mt.

Khartsyzk Pipes & Tubes [HRTR UZ, N/R] produced 50.9 thsd mt of pipes in November, bringing the 11M08 total to 335 thsd mt, down 32% YoY. The November production volume is up 7% MoM and 67% higher than the 11M08 monthly average (30.5 thsd mt), and a full 20% below the 2007 monthly average (42.4 thsd mt).

According to Interfax-Ukraine, November production numbers in all sectors related to steel smelting continued to decline. The data is as follows.