Azovstal Plans to Increase Pig Iron Production & Steel Smelting

Azovstal (AZST: BUY) announced plans to increase steel smelting volumes in 2007 to 6.3 mln mt, up 5.4% yoy. In 2007, AZST also plans to produce 5.3 mln mt of pig iron, a 5.6% yoy increase. This year, the company intends to smelt 6.0 mln mt of steel (up 1.6% yoy) and produce 5 mln mt of pig iron (up 1.5% yoy).