Alchevsk Iron & Steel ramps up to full capacity

Alchevsk Iron & Steel (UX: ALMK UK) plans to operate at full capacity by February 20, General Director Taras Shevchenko said Friday, according to Interfax. Shevchenko said that problems with iron ore supplies to the plant will soon be resolved, allowing the mill to restart idle furnaces. In Janu more →

Alchevsk Iron & Steel Capacity to Double by 2009

Alchevsk Iron & Steel (ALMK: BUY) announced it will launch a state-of-the-art new blast furnace in the beginning of 2009. The capacity of the new furnace will allow producing 3.0 mln mt of pig iron annually. After the launch total pig iron capacity will increase to nearly 8.0 mln mt per annum. E more →

Alchevsk Iron & Steel Posts Strong April-May Results.

The company (ALMK: HOLD) posted sales of $424.3m in 5M06, up 5.6% yoy. EBT for the same period was $11.2m, down 80% yoy. Andriy Gostik: Given that ALMK posted 1Q sales of $188.1m and EBT of $0.8m, the company underwent a significant recovery in April-May compared to the first quarter. We project sal more →