Poltava GOK 1H Pellet Sales Up 5%.
24 July 2008
The company (PGOK: BUY) shipped 4.14m mt of pellets in 1H06, up 5% yoy. Andriy Gostik: Given that PGOK produced only 3.92m mt of pellets in 1H06 (down 5.5% yoy), it must have sold off leftover stock from last year. We think strong demand will lead the company to increase pellet and concentrate output in the second half and that this year’s output will slightly exceed last year’s.
