Металлургия

According to the 2008 annual report, the financial situation at Donetsk Metal Rolling [DMPZ UZ, SELL] is very difficult.

Yasynivka Coke [YASK UZ, U/R] signed a credit line agreement with Sberbank (Ukraine) at the end of March.

Ukrainian News reported on coke production for March, which amounted to 1.45 mln mt. This is up 19% MoM, but still 11% below the average 2008 monthly output of 1.63 mln mt, and 15% below the average 2007 monthly reading of 1.72 mln mt.

According to investor relations, the March 20 AGM of Khartsyzk Pipes & Tubes [HRTR UZ, N/R] decided to declare USD 158.1 mln in dividends for 2008.

According to investor relations, the March 20 AGM of Centralnyy GOK [CGOK UZ, N/R] decided to declare exactly USD 62.4 mln in dividends for 2008.

According to unconfirmed reports from our sources, the March 20 AGM of Pivnichnyy GOK [SGOK UZ, N/R] decided to declare about USD 138 mln in dividends for 2008.

The Dnipropetrovsk Pipes Plant [DTRZ UZ, N/R] has announced an AGM for April 28.

Poltava GOK [PGOK UZ, U/R], also called Ferrexpo Poltava Mining, announced an AGM for April 24. The AGM invitation included data on FY08 net income, - UAH 614.5 mln (USD 116.6 mln), which is up 80% YoY (73% in dollar terms).

Ukrainian pipes and tubes production for February, 126.7 thsd mt, is up 51% MoM. The 2M09 production volume, 210.7 mln mt, is, however, 50% down YoY.

The Interpipe Novomoskovsk Pipe-Production Plant [NVTR UZ, U/R] announced an AGM for April 09. There are no extraordinary questions on the agenda.