Pellet output drops 1% m-o-m, concentrate rises 1% m-o-m in November

The production of pellets in Ukraine in November dropped slightly, down 1% m-o-m since October, according to Metal Courier. Total production for 11M10 was 20.4 mln mt, a 10% increase y-o-y. Central Iron Ore (UX: CGOK UK) almost doubled its output m-o-m, while Northern Iron Ore (UX: SGOK UK) and Poltava Iron Ore (UX: PGOK UK) decreased output by 11% and 2% m-o-m, respectively. Meanwhile, iron concentrate production in November grew by a moderate 1% m-o-m to 5.4 mln mt. Both Northern Iron Ore and Central Iron Ore decreased output, by 4% and 7% m-o-m, respectively. Overall, in 11M10, Ukrainian producers of concentrate increased output by 20% y-o-y to 59 mln mt.

 

Pellets    Nov. 2010              Chg, m-o-m  11M09   11M10 Chg,    m-o-m

Poltava Iron Ore (PGOK)        875    -2%   7994.1      9021            13%

Northern Iron Ore (SGOK)     785   -11%   8488        9398            11%

Central Iron Ore (CGOK)        195     95%   2020.3    1992            -1%

Total                                   1855      -1%  18502.4     20411        10%

Concentrate

Ingulets Iron Ore                  1257        1%  10038.4     14143        41%

Northern Iron Ore (SGOK)      1150       -4%  12490.1      13119        5%

Southern Iron Ore (PGZK)       840       12%    6400          8194        28%

Poltava Iron Ore (PGOK)          915        2%   9623.3        10076         5%

ArcelorMittal Kryviy Rih (KSTL) 771        2%  6395.3         8277         29%

Central Iron Ore (CGOK)          465       -7%  4485.9         5497        23%

Total                                     5398       1%    49433       59306        20%