Kryvorizhstal Reduces Output.
2 September 2008
Since the beginning of the year, Kryvorizhstal (KRST: HOLD) has reduced its output of all major products. Crude steel production dropped 6.4% yoy to 4.5 mln mt. Output of finished steel products decreased 4.1% yoy to 3.9 mln mt. Cast iron dropped 6.3% yoy to 4.0 mln mt, and sintered ore production fell 4.2% to 6.5 mln mt. Concorde Capital: KRST decreased production due to falling prices for long steel products on world markets
