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Azovstal Intends To Increase Production By 35% To 6.2 mt.

Azovstal Intends To Increase Production By 35% To 6.2 mt.

10 October 2008

Azovstal (AZST: BUY) has announced plans to embark on a large scale modernization program that will allow the steel-maker to increase its output by 35% to 6.2 mt.  The upgrades which include installation of an oxgen-contverter, will also increase the quality of the AZST’s products and improve the plant’s energy efficiency. The company did not disclose the cost of the upgrades.

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