OREANDA-NEWS. May 11, 2010. Azovstal Iron & Steel Works <AZST UK HOLD> has increased pig iron output by 61.5% to 1.603mn tones, crude steel output by 62.3% to 1.876mn tones, and rolled metal output by 60.2% to 1.752mn tones in the first four months of 2010.

Millennium Capital is still optimistic about the prospects of this stock despite of our current HOLD recommendation. Azovstal’s stocks are one of the few stocks that combine a good growth prospects with a high level of liquidity. Millennium Capital reminds the readers about the upcoming AGM of this issuer, with one of the matters on the agenda being distribution of the Company’s retained earnings.