Alchevsk Metal Plant increased rolled product output by 43% y-o-y in 1H08 and Enakievo Metal Plant showed an 11% y-o-y increase, according to Interfax. Our calculations show that Ukraine’s total steel output is up 4% y-o-y to 22.2 mmt, while rolled product output increased 6% y-o-y to 18.9 mmt. Average steel prices are 60%-80% higher y-o-y in 1H08, and are helping steelmakers cover the doubled cost of iron ore and coke.
1H08 steel and rolled product output, mmt
Steel Rolled products 2007 2008 y-o-y 2007 2008 y-o-y KSTL 4.18 3.92 -6% 3.58 3.47 -3% MMKI 3.45 3.57 3% 2.74 2.70 -1% AZST 3.09 3.17 3% 2.73 2.88 6% ALMK 1.90 2.61 38% 1.69 2.41 43% ZPST 2.25 2.23 -1% 1.86 1.84 -1% DMKD 1.91 1.97 3% 1.60 1.73 9% ENMZ 1.32 1.50 14% 1.33 1.47 11% DMZP 0.68 0.66 -3% 0.64 0.61 -4% DOMZ 0.52 0.54 4% 0.38 0.39 3% DNSS 0.27 0.28 1% 0.16 0.17 7% DMPZ 0.00 0.00 0.07 0.05 -34% Others 1.78 1.80 -0.5 1.11 1.21 10% Total 21.3 22.2 4% 17.9 18.9 6%
Source: Interfax
Oleh Yuzefovych Analyst (+380 44) 490-1617
