Металлургия

Zaporizhstal [ZPST UZ, HOLD] will attract USD 250 mln of syndicated credit (three years, LIBOR+2.5%). According to Cbonds.info, which cited EuroWeek, Citigroup is organizing the deal.

Dniprospetsstal [DNSS UZ, BUY] smelted 185.1 thsd metric tons of steel (+0.6% YoY according to our estimates) and produced 119.1 thsd metric tons (-2.3%) of rolled products. In April 2008, steel and rolled products output amounted to 47.1 and 31.4 metric tons, correspondingly.

Joint Venture Metalen LLC, which together with OJSC Enakievo ISW [ENMZ UZ, BUY] comprise the so-called Enakievo ISW Group, has released its 1Q08 financials.

Dnipropetrovsk Iron & Steel Works named after Petrovsky [DMZP UZ, HOLD], or Petrovka, released its 2007 finances.

Interpipe Novomoskovsk Pipes Plant [NVTR UZ, BUY] has increased pipe output by 52% to 116 thsd metric tones in 4M08. The pipe production in April has been 31.7 thsd metric tons.

Avdiivka Coke [AVDK UZ, N/R] has increased output by 35.5% to 1.566 mln mt in 4M08, according to UGMK.INFO.

Komsomolets Donbassa Coal Mine [SHKD UZ, N/R] has increased the mining of energy coal 8.3% to 0.86 mln in 1Q2008. Last year, the coal mine increased its coal output 10.9% from 3.09 to 3.43 mln metric tons.

Alchevsk ISW [ALMK UZ, BUY] increased rolled products output by 37.6%, to 1.503 mln mt. Crude steel production increased 31.6% to 1.635 mln mt, whereas pig iron output rose 52.2% to 1.466 mln mt.

Khartsyzsk Tube Works [HRTR UZ, N/R] produced 34 thsd metric tons of pipes in April 2008, up 287% MoM, but still a 71.8% reduction YoY. Khartsyzsk Tube Works is the largest Ukrainian producer of large-diameter pipes, with a production capacity of about 1.6 mln tons of pipes per year.

Mining machinery producer Yasvnuvata Machinery Plant [YAMZ, N/R] has reported a USD 0.05 mln net income for 2007, almost 59 times less than the USD 2.9 mln reported in 2006. The company’s 2007 net sales rose an insignificant 3.14% YoY, from USD 25 mln to USD 25.7 mln.