Poltava GOK Reduces Pellet Production, Increases Concentrate Output 1.9%
4 July 2008
In the first half, the company (PGOK: BUY) produced 3,923 ths mt of pellets (down 5.5% yoy) and 4,409 ths mt of iron ore concentrate (up 1.9% yoy). Andriy Gostik: The company is focusing on production of higher-quality, higher-priced pellets which results in lower output by volume. The company also had to reduce production because of the cold winter, which hampered transport on the Danube river.
