Mittal Steel Kryvyi Rig Starts Exporting Iron Ore To Poland And Romania.
16 March 2008
The company (KSTL: BUY) exported 7.6 ths mt of sintering ore to Poland and 3.3 ths mt to Romania in February. Concorde Capital: This move is fully in line with our expectations as outlined in our report on Kryvorizhstal (Nov 7, 2005). The company’s new owner is trying to get the highest synergy effect from Kryvorizhstal’s purchase. Mittal Steel Kryvyi Rig, in turn, will benefit from higher production levels and consequently sales and cash flows.
