OREANDA-NEWS On 18 February 2009 was announced, that Ukrainian steel producers maintain the December-January trend of output growth in February. This was noted at the meeting of metallurgy industry enterprises' representatives in Dnipropetrovsk on February 11, 2009.  The average daily pig iron output was 53,700, 60,200 and 70,200 tons in December, January and February to date, respectively. Currently 65% of blast furnaces, 75% of converters and 45% of open-hearth furnaces are in operation.

Despite the fact that average output in February is 70% compared to the same period of 2008, enterprises have already emptied warehouses of old inventories, reaching their optimal level. Millennium Capital sees this news as Positive not only for Steel producers but also for the entire Ukrainian economy due to the metallurgy’s importance.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of the major investment banking institutions.