Pivdenny Iron Ore Increases Sinter Output 20.6% in Jan-Jul.

The company (PGZK: BUY) produced 2,676 ths mt of sinter (up 20.6%) and 5,050 ths mt of concentrate (up 9% yoy) during the period. Most growth occurred in Apr-Jul due to increased demand from domestic steel makers. PGZK sold more than 99% of its sinter output in the domestic market.

                 Jan-Jul 2006    Chg yoy   Apr-Jul 2006  Chg yoy   Jan-Mar 2006    Chg yoy

Sinter        2,676            20.6%         1,566           37.3%       1,110              2.9%

Concentrate 5,050          9.0%          2,973           18.2%        2,077             -1.9%