Azovstal losses deepen 2.8x yoy in 2011
20 March 2012
Azovstal (AZST UK) had a net loss of USD 64 mln in 2011, according to an announcement for the company’s AGM on April 26. The figure is 2.8x larger than the steel mill’s net loss in 2010. The bulk of the reported annual net loss (USD 60 mln) came in 4Q11 when the market for steel products was weak.
