Coke Production Down 13% In Jan-Feb 2006.

In two months 2006, Ukraine’s coke makers produced 2,979 ths mt of coke, down 13% yoy. Donetsk Coke, Avdiyivka Coke, Yasynivsky Coke and Bahliy Coke sustained the largest fall in production, while ZaporizhCoke was the only company to increase its output. Concorde Capital: The picture in the industry is the same as in Jan 2006. Coke makers reacted to a slack in demand from steel makers by reducing their production levels. Revival of coke production is expected in March-April due to increased demand.

Company

Jan-Feb 2006

Jan-Feb 2005

Chg

Avdiyivka Coke (AVDK: BUY)

520

652

-20.2%

Donetsk Coke (DKOK: BUY)

126

205

-38.5%

Azovstal (AZST: SELL)

388

404

-4.0%

Alchevsk Coke (ALKZ: BUY)

426

430

-0.9%

Yasynivsky Coke (YASK: BUY)

201

265

-24.2%

Bahliy Coke (BKOK)

124

170

-27.1%

ZaporizhCoke (ZACO: BUY)

322

312

3.2%

Mittal Steel Kryvy Rig (KSTL: BUY)

422

442

-4.5%

Total Ukraine

2,979

3,426

-13.0%