Coke Production Down 12.6% yoy In January, To 1,576 Ths mt.

Donetsk Coke’s production was down the most, 41.8% yoy. ZaporizhCoke was the only coke producer which raised its output, the company produced 168 ths mt of coke (up 1.2% yoy). Concorde Capital: The decrease in production is entirely due to a weaker demand from Ukrainian steel mills most of which reduced crude output in January. Ukrainian coke companies are limited in their export ability by high transportation tariffs. Yet, a revival in demand and, consequently, coke production, is anticipated in March.

Company

                                        Ths mt          Jan-06       Jan-05           Chg, %

Avdiyivka Coke (AVDK: BUY)                   287             346            -17.1%

Donetsk Coke (DKOK: BUY)                     64              110            -41.8%

Azovstal/ Markokhim (AZST: SELL)          201             213             -5.6%

Alchevsk Coke (ALKZ: BUY)                    220             225             -2.2%

Yasynivka Coke (YASK: BUY)                  109              139            -21.6%

Bagliy Coke (BKOK)                                65               87             -25.3%

ZaporizhCoke (ZACO: BUY)                     168             166              1.2%

Kryvorizhstal (KSTL: BUY)                       225             233             -3.4%

Total