Crude steel output drops 32.3% yoy in 8M09
10 September 2009
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Company, ths mt 8M09 8M08 Chg,%
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ArcelorMittal Kryviy Rih (KSTL) 3,268 5,053 -35.3%
Azovstal (AZST) 2,781 4,192 -33.7%
MMK Illicha Steel (MMKI) 2,718 4,584 -40.7%
DMK Dzerzhinskogo Steel (DMKD) 2,329 2,531 -8.0%
Zaporizhstal (ZPST) 2,170 2,922 -25.7%
Alchevsk Iron & Steel (ALMK) 2,463 3,509 -29.8%
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Total Ukraine 18,944 27,975 -32.3%
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Source: Ukrainian News
Andriy Gerus: As we forecasted, August’s production figures were maintained at July’s level, while prices grew 2-10% mom. We estimate that in the current situation, Ukrainian steelmakers returned to positive profitability. We forecast stable production and prices for September.
