OREANDA-NEWS. November 8, 2007. PJSC “Azovstal Iron & Steel Works” has increased its production output of the main types of products for the last 10 months: production of hot metal made up 4,5 mln t, that is for 376,9 thou t more than for the same period of the previous year. Steel production has increased: according to the results of 10 months of 2007 it made up 5,232 mln t, that is for 325,2 thou t more than for 10 months of 2006. PJSC “Azovstal Iron & Steel Works” has increased its rolled products manufacturing: for 10 months of the current year its volume made up 4,6 mln t, that is for 287,0 thou t more than for the same period of 2006. Coke production decrease is caused by PJSC “Azovstal Iron & Steel Works” coke-chemical production loading optimization and redistribution of coke production volume within the bounds of Metinvest Group.

492,6 thou t of hot metal; 578,0 thou t of steel; 512,4 thou t of rolled products and 211,5 thou t of bulk coke (6% moisture) were produced in October.

PJSC “Azovstal Iron and Steel Works” is a modern and high-technology enterprise that produces a great variety of metal products, including metallurgical coke, conversion iron, slabs, rolled bars and sections, railway rails, rail fasteners, squire billets, plates, products from slag of iron and steel production.

According to the branch rating of iron and steel enterprises of Ukraine “Azovstal Iron & Steel Works” is among three leading companies by production of iron, steel and rolled products. Planned production capacity of the Works allows to produce over 6.2 mln tons of iron, over 6.4 mln tons of steel, including 4.4 mln tons of converter steel, over 4.4 mln tons of rolled products and up to 285 thou tons of rail fasteners and 170 thou tons of milling balls.

“Azovstal Iron and Steel Works” is a part of Metinvest Group, whose function is strategic management of mining and iron and steel business of SCM Group. LLC “Metinvest Holding” is the managing company of Metinvest Group.

The company “Ukrainian Steel Holdings Ltd.” owns 52,63% shares of PJSC “Azovstal Iron and Steel Works”, the company “Leman Commodities S.A.” owns 16,09% shares, and MetalUkr Holding limited (Cyprus) owns 2,83%.