Металлургия

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.

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.

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.

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.

Due to the current crisis on steel markets, we have put all Ukrainian steelmakers under review. Due to the current crisis on steel markets, we have put all Ukrainian steelmakers under review.

Krasnodonvugillya, the main coking coal producer of the Metinvest Group, has been shut down after an October 04 methane blast at one of its mines, Duvannaya, killed 6 miners. Krasnodonvugillya, the main coking coal producer of the Metinvest Group, has been shut down after an October 04 methane blast at one of its mines, Duvannaya, killed 6 miners.

Zaporizhstal [ZPST UZ, Strong BUY] decreased crude steel output to 283 thsd mt in September, according to Interfax-Ukraine, down 23% from the average 8M08 level of 365 thsd mt per month.

According to Interfax-Ukraine, Dniprovsky Iron & Steel Works named after Dzerzhinsky, or simply Dzerzhynka [DMKD UZ, BUY], produced 217 thsd mt of steel in August, down as much as 63% from the 8M08 average of 316 thsd mt.

Interfax-Ukraine reported steel production numbers for September.

Khartsyzk Pipes & Tubes [HRTR UZ, N/R] produced 39.2 thsd mt of pipes in September, bringing the 9M08 total to 235 thsd mt, down 46% YoY.