Металлургия

The Zaporizhzhya Refractory [ZPVT UZ, N/R] increased output 0.5% YoY to 130 thsd tons in 5M2008.

At the July 04 AGM, shareholders of Alchevsk ISW [ALMK UZ, BUY] approved the results of a share offering that lasted almost a year - from July 16, 2007 until June 25, 2008. As a result, the statutory fund increased by 139% to UAH 2.56 bln (about USD 550 mln).

Interpipe Nyzhnodniprovsky Pipe Rolling Works [NITR UZ, BUY] has introduced a new anti-corrosive coating line for oil and gas pipes.

At a July 04 EGM, shareholders of Azovstal [AZST UZ, BUY] approved a statutory fund increase plan.

Avdiivka Coke [AVDK UZ, Strong BUY] has increased output by 40.1% to 2.377 mln mt in 1H08.

In June 2008, Khartsyzsk Tube Works [HRTR UZ, Sell] reduced output 50% MoM to 21 thsd metric tons of pipes.

Nikopol Ferroalloys [NFER UZ, N/R] reduced output 2.8% YoY to 530 thsd metric tons in 1H2008 and produced 82 thsd metric tons of ferroalloys in June.

Azovstal [AZST UZ, BUY] reported in an official press release that it has obtained the Russian Federation ISO R 9001-2001 quality control certificate.

The Russian Federation is reportedly considering introducing either quotas or duties for coking coal exports.

Dniprovsky Iron & Steel Works named after Dzerzhinsky, or simply Dzerzhynka [DMKD UZ, BUY], was given a 49-year lease for a 24 ha land plot, to be used for construction of a power and heat plant.