Rolled Steel Output Data For Jan-Apr 2005 Released, 000? mt

Rolled Steel Output Data For Jan-Apr 2005 Released, 000? mt

Company                    Output            Chng yoy, %

KRST                           2 099.6                 -0.7%

MMKI                           1 941.8                -1.4%

AZST                            1 753.8                 3.6%

ZPST                            1 151.1             -5.6%

DMK Dzerzhynskogo      997.4                 2.7%

ALMK                            949.0                0.3%

Metalen                         743.5               -7.3%

Makiivka                       425.5                94.8%

DMZ Petrovskogo          346.9              -21.1%

Istil                              306.8            -18.1%

DOMZ                         232.1            13.0%

Dniprospetsstal           112.2               16.4%

NPR                           90.2                0.0%

Yenakiievo                   121.8               27.8%

Donetsk metall-rolling   53.8               0.9%

Total                       11 325.5           1.1%

Concorde Capital: Almost all Ukraine’s largest steel mills halted output growth, as prices for steel products began to fall. In April, Zaporizhstal (ZPST: BUY) decreased output by 20% mom, but no information was released. During the last two years production has never fallen by more than 10% mom. Makiivka, on the other hand, doubled output, but this will not help the company as it continues to run at negative profitability. Smart Group, the plant’s recovery manager, is considering halting production for three months to make technology improvements.