OREANDA-NEWS.  On 1 February 2008 was announced, that  Arcelor Mittal Kryviy Rih increased its sales 30.6% yoy to USD 3.47 bln in 2007. A company representative said that in 2008 the steel mill is targeting a 15% yoy sales increase and investments of USD 108 mln into capital repairs (vs. USD 436 mln in 2007). Andriy Gerus: Reported sales are 9% below our forecast of USD 9.83 mln. We think the company is overvalued by the market and reiterate our SELL recommendation.