OREANDA-NEWS. September 24, 2009. Ukrainian steel producers are going to increase slab export by 50-55% m/m to 430-450ktonnes in September. “Azovstal” < AZST UZ U/R > keeps on August level at 250kt due to 100% usage of slabbing capacities. “Illich Steelworks” < MMKI UZ U/R > also maintains August export level at 45-50kt, while Alchewsk Steelworks < ALMK UZ U/R > is going to reach 160-180kt level (117% growth m/m). The reason of such significant growth is the increase of the demand from EU countries.

Millennium Capital sees this news as POSITIVE especially for AZST because slab production makes 60% in current Company’s output.

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 tickets selling for its flights due to high arrearage to the creditors of the company.