Poltava GOK Will Sell Pellets To Mittal Steel Kryvyi Rig.

The company (PGOK: BUY) signed a contract with Mittal Steel Kryvyi Rig (KSTL: BUY) for supply of ~600 ths mt of pellets, or 7.6% of PGOK’s pellet production. The contract is for 2006 only. Starting in 2007 Mittal Steel Kryvyi Rig is planning to rely on its own iron ore feedstock. Concorde Capital: By signing an agreement with Mittal Steel Kryvyi Rig, Poltava GOK offset the drop in its pellet sales caused by the loss of Russian MMK in 2006. This