Металлургия

Enakievo ISW group, which includes OJSC Enakievo Iron & Steel Works [ENMZ UZ, BUY], reported the following operational results in 5M08: pig iron, 1.218 mln mt (+26.2% YoY); crude steel, 1.287 mln mt (+13.9%); rolled products delivered, 1.273 mln mt (+10.5%), of which finished long products 170.6 thsd mt (-85.6%).

Donetsk Metal Rolling Plant [DMPZ UZ, BUY] produced 13 thsd mt in May 2008, according to Interfax-Ukraine.

Azovstal [AZST UZ, BUY] reported its May production data. Pig iron, 459.7 thsd mt (+8.3% YoY); crude steel, 544.8 thsd mt (+6.3%); rolled products, 492.6 thsd mt (+7.8%). For 5M08, production of crude steel is up 2.3% to 2.62 mln mt, and output of rolled products is up 5.9% to 2.372 mln mt..

Avdiivka Coke [AVDK UZ, Strong BUY] has increased output by 39.5% to 1.982 mln mt in 5M08, according to UGMK.INFO. In May 2008, the plant reportedly produced 426 thsd mt of coke.

During 5M08, Alchevsk ISW [ALMK UZ, BUY] increased rolled products output 41.3% to 1.978 mln mt. Steel output rose 37.4% to 2.151 mln. Pig iron output increased 54.6% to 1.899 mln mt, whereas sinter production actually decreased by 1% to 2.086 mln mt.

Khartsyzsk Tube Works [HRTR UZ, Sell] increased its output in May 2008 25MoM to 42 thsd metric tons of pipes. The mill also produced 109 thsd metric tons of pipes in 5M2008, reducing its production 63.5% YoY. Khartsyzsk Tube Works is the largest Ukrainian producer of large-diameter pipes and its production capacity is about 1.6 mln tons of pipes per year.

The Ukrainian government has prolonged its anti-dumping probe terms for the import of medium-diameter pipes.

The May 29 AGM of Yasinovka Coke [YASK UZ, N/R] shareholders decided not to declare dividends on common shares for 2007.

Dzerzhynka [DMKD UZ, BUY] is about to launch a 1 mln mt ladle furnace No 1. According to Metal Courier, installation is almost fully complete, and the machine should enter production by the end of 1H08, serving two blooming concasters with the total capacity of 1.4 mln mt.

Azovstal [AZST UZ, BUY] is about to launch a 2.5 mln mt concaster No 6 and a vacuum vessel. According to Metal Courier, the company is almost done tuning up these two machines.