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Metals and Mining
October 22, 2008
Alchevsk ISW stops both converters: NEGATIVE

In October, Alchevsk ISW [ALMK UZ, U/R] performed trials on its brand new converter No. 1, but decided to shut it down due to the poor situation on steel markets.

Metals and Mining
October 21, 2008
Metinvest cuts semis production 50%: NEGATIVE

Three steelmakers of the Metinvest Group reportedly decreased output of semi-finished products by about 50%, from 340-370 thsd mt per month to 150-170 thsd mt per month.

Metals and Mining
October 14, 2008
BKOK’s CB No. 7 served only 10 weeks, not 20 years?

On October 13, Bagliy Coke [BKOK UZ, U/R] may have started to shut down its coke battery No. 7-bis. For more than two years, since 2005, the brand new coke battery, with a 490 thsd tpa capacity, had been in a hot idling mode until being launched on July 30, 2008.

Metals and Mining
October 13, 2008
YASK drops output 8% MoM: NEGATIVE

Yasynivka Coke [YASK UZ, U/R] produced 130 thsd mt of 6% water content gross coke in September, 8% lower than in August and 7% lower than the average monthly 8M08 level of 140 thsd mt.

Metals and Mining
October 13, 2008
Three Ukrainian coke makers put under review

Due to the deterioration of short-term prospects for the entire coke sector, we have put the following stocks under review: Avdiivka Coke [AVDK UZ, U/R], Yasynivka Coke [YASK UZ, U/R], and Bagliy Coke [BKOK UZ, U/R].

Metals and Mining
October 13, 2008
Ukraine coke output drops 15% MoM: NEGATIVE

According to Interfax-Ukraine, which has reported coke production numbers for September, the total 6% water content gross coke output of Ukrainian coke makers amounted to 1.46 mln mt last month.

Metals and Mining
October 13, 2008
BKOK drops coke output 23% MoM: NEGATIVE

According to Interfax-Ukraine, Bagliy Coke [BKOK UZ, U/R] dropped output 23% MoM in September to 50 thsd mt. This is 22% lower than the average 8M08 value of 64 thsd mt.

Metals and Mining
October 13, 2008
Sokrat: AVDK drops coke output 33% MoM: NEGATIVE

In September, Avdiivka Coke [AVDK UZ, U/R] decreased output of 6% water content gross coke by 33% MoM to 252 thsd mt, according to Interfax-Ukraine.

Metals and Mining
October 8, 2008
Ukraine Electricity Production Up 2.3% for Jan-Sep: POSITIVE

According to Ukraine’s Mintopenergo (Ministry of Fuel and Energy), the electricity production of Ukraine’s Unified Energy System (OES) totaled 145,342,300,000 kWh for the period January-September 2008, which is 2.3% more than for the period January-September 2007.

Metals and Mining
October 6, 2008
21% of Ferrexpo sold: the quintessence of crisis

Ferrexpo PLC [FXPO LN, N/R] announced in an October 06 shareholder disclosure that Fevamotinico S.a.r.l. sold 20.8% of Ferrexpo’s shares to RPG Industries SE, the majority owner of New World Resources NV [NWR LN], a Czech coal producer.

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