OREANDA-NEWS. February 10, 2011. Alchevsk Steel is planning to increase February crude steel output by 14-18% to reach 320-330kt. The corresponding increase in rolled products’ output is to underlie  230kt slab exports in February. To meet the growing production targets for pig iron, in January the company has re-launched Blast furnace #3, which had been idle due to  raw materials shortages.

Millennium Capital: the news is POSITIVE for Alchevsk Steelworks, as it implements successfully its plans to increase output. As we expected, this speedy production recovery allows ALMK to capitalize on surging global prices for steel. Importantly, the company has successfully increased iron ore purchases from Metinvest, in order to secure the production hike.