Metall Forum Ukraine - 2007.
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März 2007
Khartsyzsk Pipe Plant to allocate over UAH 138 million for technical modernization in 2007
OJSC Khartsyzsk Pipe Plant is to invest UAH 138 million in modernization, reconstruction, production renovation and ecological protection in 2007. Most of the allocated assets will be used for further reconstruction of plants No.2 and No.4. In 2006, Khartsyzsk Pipe Plant invested about UAH 130 million into the construction of a new line for producing large diameter pipes.
30.03.2007 Source: Interfax

SPF sells 0.08% stake in Mittal Steel Kryviy Rih for UAH 20.85 million
The State Property Fund of Ukraine on March 29 sold a 0.08% stake in OJSC Mittal Steel Kryviy Rih on the Kyiv International Stock Exchange at the starting price fixed at UAH 20.85 million. The stocks were sold for UAH 6.95 each with the face value being UAH 1. A 0.17% stake was divided into 13 lots. The Sincome investment company bought five lots and Concorde Capital bought one lot (both based in Kyiv). One lot includes 500,000 stocks. As reported, the SPF on March 27 sold a 0.17% stake in OJSC Mittal Steel Kryviy on the Ukrainian Stock Exchange at the starting price fixed at UAH 45.382 million.
30.03.2007 Source: Interfax

Khartsyzsk Pipe Plant commissions new pipe production line
OJSC Khartsyzsk Pipe Plant has commissioned a new line for the production of large diameter pipes with an annual capacity of 200,000-300,000 tonnes. The new line began operating on March 28. The line produces gas and oil pipes with diameters of 508-1,422 mm and working pressures of 5.4-11.8 Mpa, made of X70 steel according to the classification of American Petroleum Institute, and gas pipes with diameters of 1,220 mm and 1,420 mm, made of X80 steel. The new line was constructed according to the project developed by Haeusler AG Duggingen (Switzerland).
30.03.2007 Source: press release of Khartsyzsk Pipe Plant

Moody's reviews B3 notes of Azovstal Iron & Steel Works for possible downgrade
Moody's Investors Service, Inc on March 28, 2007 placed on review for possible downgrade the B3 rating for the senior unsecured loan participation notes due 2011 issued by Azovstal Capital B.V., a Dutch special purpose vehicle. The notes are issued for the sole purpose of financing Azovstal Capital B.V.'s 100% sub-participation in a loan extended by Moscow Narodny Bank Limited to Azovstal Iron and Steel Works. The corporate family rating of Azovstal was affirmed at B2. The rating review was prompted by the absence of reduction in secured indebtedness which continues to represent 47% of gross debt.
29.03.2007 Source: Moody's press release

SPF sells 0.17% stake in Mittal Steel Kryviy Rih for UAH 45.4 million
The State Property Fund of Ukraine sold a 0.17% stake in OJSC Mittal Steel Kryviy Rih in Dnipropetrovsk region on the Ukrainian Stock Exchange at the starting price fixed at UAH 45.382 million on March 27. The stocks were sold for UAH 6.95 each with the face value being UAH 1. The stocks were bought by Renaissance Capital Ukraine (three lots), the Sincome investment company (six lots) and Concorde Capital (three lots). One lot includes 500,000 stocks. Moreover, Concorde Capital bought a non-standard lot of 529,803 stocks. Mittal Steel Kryviy Rih is Ukraine's biggest steel mill and partner of Metal-Forum of Ukraine.
28.03.2007 Source: Interfax

Dniprospetsstal to allocate additional USD 8 million for gas purification plants
Zaporizhia-based OJSC Dniprospetsstal metallurgical plant is to allocate another USD 8 million for the installation of gas purification equipment at steel smelting plants No.1 and No.3, which will allow it to reduce its emissions of gases harmful to the atmosphere by 2,000 tonnes annually over the next three years. Steel smelting plant No.2 is already equipped with a gas purification complex for smelting furnace exhausts. In 2006, Dniprospetsstal increased roll output by 4.3% compared to 2005, to 312,000 tonnes, while steel output grew by 2.6%, to 519,000.
28.03.2007 Source: press release of Dniprospetsstal

Metinvest plans to boost steel output 10% in 2007
Steel mills represented by Metinvest, which runs the mining and metals sector assets of the Donetsk-based System Capital Management (SCM), plan to raise output more than 10% to 9.38 million tonnes of steel products in 2007, from 8.5 million tonnes in 2006. Metinvest's steel division includes Azovstal, Ferriera Valsider, Yenakiyeve, Khartsyzsk and trading company Leman Commodities. Metinvest would be looking at further steel rolling acquisitions if these are economically feasible.
28.03.2007 Source: press conference of Metinvest

Khartsyzsk Pipe Plant holds talks with metal producers in Japan, South Korea on skelp supplies
OJSC Khartsyzsk pipe plant is holding talks with metal producers in Japan and South Korea on skelp supplies for pipe production. Ukraine has no skelp for production of wide-diameter pipes, which could be produced at the new pipe production line to be commissioned at the Khartsyzsk pipe plant on March 28, 2007. The newly commissioned line can produce pipes with a diameter of 508-1,420 mm. Its capacity is 200,000-300,000 tonnes of pipes annually. It is expected to produce about 100,000 tonnes of wide-diameter pipes.
28.03.2007 Source. UkrTrubProm

ISTIL Group to conduct IPO in two years
International Steel & Pipe Industries Limited, the parent company of the ISTIL Group, which includes Donetsk's small steel mill ISTIL (Ukraine), plans to conduct an IPO in two years, First Vice-President of ISTIL (Ukraine) Farooq Siddiqui told the press. ISTIL (Ukraine) received in early 2007 a five-year USD 85 million credit from the EBRD. Mini steel mill ISTIL is one of the most advanced steel mills in Ukraine and partner of Metal-Forum of Ukraine.
21.03.2007 Source: press office of ISTIL

Brovary Powder Metallurgy Plant boosts output 53% in 2 months
The state-owned Brovary Powder Metallurgy Plant in the Kyiv region raised production of iron powder tentatively 53% year-on-year in January-February to 1,172 tonnes, including 641,700 tonnes in February. The plant raised output 7.7% in 2006 to 5,873 tonnes.
19.03.2007 Source: Interfax

Dniprospetsstal to pay dividends for last 3 years
Shareholders of the Dniprospetsstal Steel Works from Zaporizhia, voted at an extraordinary meeting to accept dividends for the last three years. The shareholders will receive UAH 102 a share for 2004 and 2005 and UAH 181 per share for 2006 (UAH 5.05 / USD 1).
19.03.2007 Source: Interfax

Mykolaiv Alumina Plant edges output up 1% in 2 months
Ukraine's Mykolaiv Alumina Plant, the FSU's biggest alumina producer, raised output 1% year-on-year in January-February to 229,200 tonnes of alumina, including 109,000 tonnes in February. Production rose 3.3% to 1.41 million tonnes in 2006.
19.03.2007 Source: Interfax

Ukraine reduces aluminium output 1.2% in 2 months
Zaporizhia Aluminum (ZAlK), Ukraine's only aluminum smelter, reduced output of the metal 1.2% year-on-year in January-February to 14,826 tonnes, incl. 7,025 tonnes in February. ZAlK reduced alumina output 4.6% year-on-year to 36,800 tonnes in the two months, incl. 17,400 tonnes in February. ZAlK also produced 3,504 tonnes of aluminum wire in the two months, up 1.5% year-on-year, incl. 1,691 tonnes in February. ZAlK is capable of producing 100,000 tonnes of aluminum per year. Russia's SUAL Group controls the plant.
19.03.2007 Source: Interfax

Ukraine boosts titanium sponge output 16% in 2 months
The state-owned Zaporizhia Titanium and Magnesium Combine (ZTMK), Ukraine's only metallic titanium sponge producer, raised output of the commodity 16% year-on-year in January-February to 1,696.8 tonnes, including 890.9 tonnes in February. ZTMK raised titanium sponge output 19% in 2006 to 9,997 tonnes.
19.03.2007 Source: Interfax

Ukrainian Fabricator ups copper roll production 1.8% in 2 months
Artemovsk Nonferrous Metals Processing Plant (AZOTsM) raised copper roll production 1.8% year-on-year in January-February to 6,387 tonnes, including 3,057 tonnes in February. Production rose 13.7% in 2006. The plant is Ukraine's only producer of flat and round products from copper, copper alloys and other nonferrous metals, traditional participant of Metal-Forum of Ukraine.
19.03.2007 Source: Interfax

Khartsyzsk Pipe Plant boosts large-diameter pipe output 130% in 2 months
Ukraine's Khartsyzsk Pipe Mill increased production of large-diameter pipes by 130% year-on-year in January-February 2007 to 120,300 tonnes, including 64,900 tonnes in February. Khartsyzsk produced 111,700 tonnes of pipes with anti-corrosive protection in the two months, up 160% year-on-year, including 61,700 tonnes in February.
19.03.2007 Source: press office of Khartsyzsk Pipe Plant

ISTIL sees operatimg profit drop by third in 2006
The ISTIL Ukraine mini steel plant saw its operating profit fall by 32.6% to UAH 47.5 million in 2006 amid rising costs. Production costs rose as prices increased by 21% for scrap, 30% for electricity, 56% for natural gas, and an increase in rail tariffs by 50% since April 2005. Profits also fell because customs duties on graphite electrodes were raised to 15% from 2%, and due to the revaluation of the hryvnia, Istil said. ISTIL produced 920,100 tonnes of steel in 2006, 13.5% more than a year earlier. Mini steel mill ISTIL is one of the most advanced steel mills in Ukraine and partner of Metal-Forum of Ukraine.
14.03.2007 Source: press release of ISTIL

Parliamentary committee backs new steel plant in Kiev region
The Ukrainian parliament's industrial and regulatory policy committee is in favor of Euro Finance Ltd.'s project to build a new steel plant in the Kiev region town of Bila Tserkov. The project is attractive due to its proximity to energy and raw material resources, as well as markets for finished goods. The tentative cost of the plant, which would have capacity for 1.8 million tonnes of steel products per year, is USD 600 million. The new plant will use electric-arc technology, with equipment supplied by Siemens VAI Fuchs. Euro Finance Ltd. is a shareholder of six Ukrainian scrap metal processors, including Kyivvtormet.
13.03.2007 Source: Interfax

Mittal Steel Kryviy Rih boosts domestic sales 53% in January-February 2007
Mittal Steel Kryviy Rih increased sales of steel products on the Ukrainian market by 52.5% year-on-year to 232,300 tonnes in the first two months of 2007. Sales on the Ukrainian market jumped 43.7% in February compared to the previous month, to 137,000 tonnes. Domestic sales grew on the back of stronger demand, especially from manufacturers of hardware products. Mittal Steel Kryviy Rih is Ukraine's biggest steel mill and partner of Metal-Forum of Ukraine.
13.03.2007 Source: Interfax

Nikopol Stainless Steel Pipe Plant sees profit soar 160% in 2006
The Nikopol Stainless Steel Pipe Plant (NZNT) reported net profit up 160% for 2006, to UAH 22.09 million. NZNT shareholders will review the financial results at their annual general meeting on March 16. NZNT increased production by 15% to 16,200 tonnes in 2006. The plant makes more than 1,000 standard sizes of pipe from more than 60 corrosion-resistant and heat-resistant steels.
08.03.2007 Source: Interfax

Dzerzhinsky Steel Plant boosts earnings 38% in 2006
The Industrial Union of Donbas (IUD) corporation's Dzerzhinsky Iron & Steel Works (DMK) posted net profit up 37.6% to UAH 432 million in 2006. The plant's production totaled about UAH 5 billion last year, and exports topped USD 500 million. UAH 379 million were spent on the plant's modernization in 2006, which was twice as much as in the previous year. The plant also spent more than UAH 40 million on energy conservation technology and about UAH 30 million on environmental projects. DMK plans to launch a ladle furnace in June, and a third continuous casting machine in August.
08.03.2007 Source: Interfax

Zaporizhia Ferroalloy Works ups ferroalloy production 4.3% in 2 months
Ukraine's Zaporizhia Ferroalloy Works (ZZF) raised production tentatively 4.3% year-on-year in January-February to 88,100 tonnes of ferroalloys, including 39,200 tonnes in February. ZZF produces all of the country's medium- and high-carbon ferromanganese and all of its 90%-metallic manganese.
07.03.2007 Source: Interfax

Nikopol Ferroalloy Works boosts ferroalloy output 12.8% in 2 months
Nikopol Ferroalloy Works (NZF), Ukraine's biggest ferroalloy producer, raised ferroalloy production 12.8% year-on-year in January-February to 171,600 tonnes, including 80,300 tonnes in February. The company produced 130,300 tonnes of silicon manganese and 41,300 tonnes of ferromanganese in the first two months of 2007. The works raised ferroalloy output 10.2% to 892,900 tonnes in 2006.
05.03.2007 Source: Interfax

"System Capital Management" attracts loan in amount of USD 400 mln. from BNP Paribas (Suisse) SA
System Capital Management (SCM) company arranged a loan agreement with BNP Paribas (Suisse) in amount of USD 400 mln. for a term of 4 years. "Within the next 5 years SCM Group plans to invest more than USD 5 mln. into the development of its own business. Of course we will invest money into the development of those kinds of business which are traditional for us - that is into mining and smelting business and energy recourses, but we also have big plans concerning the development of those business sectors which are new for us - such as telecommunications, finance and media. Besides, we are interested in an opportunity to invest money into real estate", - said Oleg Popov, General Director of SCM.
06.03.2007 Source: press release of Azovstal

Lakshmi Mittal becomes Ukrainian investment council member
Arcelor Mittal CEO Lakshmi Mittal will become a member of the Ukrainian government's investment council. He said after a Monday meeting with Ukrainian Premier Viktor Yanukovych that he had gladly accepted the offer. Mittal said they would meet again after the final investment plans of the company are drawn up.
05.03.2007 Source: Interfax

Dniprospetsstal sees earnings soar in 2006
Dniprospetsstal, Ukraine's biggest producer of special steels, closed 2006 with net profit up almost six-fold to UAH 195.9 million. Dniprospetsstal shareholders will hold their annual general meeting on March 14, when they will review results for 2004-2006, consider distribution of profits and dividend payments for 2004-2006 and amend the company charter.
02.03.2007 Source: press release of Dniprospetsstal

Dniprometiz to increase production 68% by 2010
OJSC Dniprometiz (Ukraine), which is part of Severstal's metalware division Severstal-Metiz, plans to increase production 68% to 200,000 tonnes per year by 2010. The Dniprometiz development plan involves increasing production capacities and expanding production to 200,000 tonnes by reconstructing part of the company's production infrastructure, setting up new types of production, optimizing auxiliary production and implementing energy conservation projects. Investment in development projects at the company over the next three years will amount to about UAH 45 million (USD 10 million). Dniprometiz produced 125,000 tonnes of metal products in 2006.
02.03.2007 Source: Statement of Severstal-Metiz

Alchevsk Iron & Steel Works may increase charter capital 140%
Alchevsk Iron & Steel Works, which is part of Industrial Union of Donbas (IUD), may increase its charter capital by UAH 1.5 billion or 139.2% to UAH 2.578 billion by carrying out an additional issue of shares. This issue would be considered at the AGM on April 17. "The motive is to attract financial resources to carry out an technical upgrade at the company," the company´s statement said.
02.03.2007 Source: Statement of Alchevsk Iron & Steel Works

Interpipe to invest USD 720 mln in production development in 2007-2009
Ukraine's Interpipe Corporation intends to invest around USD 720 mln in upgrades at its pipe and railway wheel factories in 2007-2009, including USD 610 mln to build an electric furnace steelmaking complex at Dnipropetrovsk-based Nyzhniodniprovsky Pipe Plant. In 2006, a total of 1.213 mln tonnes of steel pipes and 216,800 tonnes of wheels were produced at Interpipe enterprises. Annual turnover is USD 1.6 billion.
02.03.2007 Source: Interfax

Kuettner to supply equipment to Zaporizhstal
Kuettner GmbH, a German company specialized in metallurgical engineering, will supply equipment for integration of the new technology of pulverized coal injection (PCI) in blast furnaces at Zaporizhstal. Integration of PCI process will enable reduction in the annual natural gas consumption. Zaporizhstal Integrated Iron & Steel Works JSC is one of the largest industrial enterprises of Ukraine and the main partner of Metal-Forum of Ukraine. Küttner and Oschatz, both located in Essen, introduced their Donetsk joint representation office at the Metal-Forum of Ukraine 2006 in Kiev to Ukrainian specialists.
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01.03.2007 Source: Press office of Zaporizhstal

Ukrainian Iron and Steel Works in January-February 2007
Alchevsk Steel Mill ups roll output 6.7% in 2 months
Azovstal ups roll output 11% in 2 months
Dniprospetsstal boosts roll output 19% in 2 months
Illyich Iron and Steel Works boosts roll output 10.6% in 2 months
Makiyivka Metallurgical Plant boosts pig iron output 50% in 2 months
Mittal Steel Kryviy Rih boosts roll output 24% in 2 months
Petrovsky Steel Mill ups roll production 6.7% in 2 months
Zaporizhstal boosts roll output 2% in 2 months
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