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Metals and Mining
May 12, 2010Azovstal kept its steel output flat in April: NEWTRAL

Azovstal [AZST UK], the Ukraine’s second largest steel producer, which is part of the country’s most vertically integrated metallurgical holding – Metinvest, contracted its steel output in April by 0.1% MoM to 476.7 thsd tonnes.

Metals and Mining
April 23, 2010Yenakievo ISW reports USD 108.2 mln net loss for FY2009

According to the financial statements disclosed by Yenakievo ISW [ENMZ UK], the Company ended FY2009 with a net loss of USD 108.2 mln, compared to USD 77 mln in net income for FY2008. Yenakiewo ISW’s net sales decreased by 28% YoY to USD 773.6 mln, while its EBITDA dropped to a negative USD 87.8 mln.

Metals and Mining
April 21, 2010Pivnichnyi GOK to increase output since July

According to Metal-Courier, the largest domestic iron ore producer, Pivnichnyi GOK, will keep its pellet output almost flat (903 thsd tonnes, -0.3% MoM) in May. In June the Company should decrease the output to 810 thsd tonnes (-10.3% MoM) due to the scheduled repair of equipment and then step up production in June by 18% to 956 thds tonnes.

Metals and Mining
April 20, 2010Azovstal posts net loss of USD 26.7 mln for FY2009

The second largest steel producer in Ukraine, Azovstal, in the agenda for the AGM, disclosed its bottom line. The company ended FY2009 with USD 26.7 mln in net loss comparing to USD 369.6 mln in net income for FY2008.

Metals and Mining
April 19, 2010Domestic consumption of metallurgical products up 8.8% in 1Q10

According to Interfax, in 1Q10 Ukraine increased consumption of metallurgical products by 8.8% to 1.2 mln tonnes.

Metals and Mining
April 16, 2010Avdiivka Coke posts USD 62.4 mln net loss for FY2009

According to information published in the agenda for the AGM of Avdiivka Coke [AVDK UK], the Company’s net loss in FY2009 was USD 62.4 mln.

Metals and Mining
April 16, 2010Alchevsk Coke FY2009 net income up 157%

According to financial statements released by Alchevsk Coke, its net income in FY2009 increased by 157% (in UAH terms) from USD 5.3 mln in 2008 to USD 18.1 mln in 2009.

Metals and Mining
April 16, 2010Three companies bid for Zaporizhstal: POSITIVE

According to Interfax, Russia's Severstal, S. Korean POSCO and Arcelor Mittal are potential buyers of the fourth biggest Ukraine’s steelmaker Zaporizhstal [ZPST UK]. They are currently performing their due diligence investigation of the Company.

Metals and Mining
April 15, 2010Poltava GOK to invest USD 90-570 mln until 2015

According to the information published in Poltava GOK’s notes to its financial statements for FY2009, presently the Company is considering four medium term investment projects, of which one should be accepted. The first targets stable annual iron ore output of 28.4 mln tonnes and nine min tonnes of pellets. The CAPEX needed is USD 570 mln through 2015. The second investment project targets the increase of annual iron ore output to 32 mln tonnes in 2010-30. This will allow the Company to produce an additional 1.6 mln tonnes of pellets annually since 2014.

Metals and Mining
April 14, 2010Posco sees global steel demand up 10% in 2010

The third Asian steel producer Posco (S. Corea) expects world steel demand up 10% in 2010.

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