Stakhaniv Railcar to supply 400 freight cars to Poltava Iron Ore in 2011

Tuesday, 01 Mar 2011

It is reported that Stakhaniv Railcar a major producer of freight railcars in Ukraine will supply 400 freight railcars to affiliated Poltava Iron Ore with an option for another 600 units.

According to Millennium Capital analyst “We consider the news as POSITIVE for the Stakhaniv Railcar. We estimate the order will add at least USD 26 million to the company’s top line in FY11.”
(sourced:Millennium Capital)

Breakdown at Enakievo disrupted steel production for a week

Monday,Feb14,2011

It is reported that the breakdown happened in the converter workshop of Enakievo Steelworks at the beginning of the week. It brought to a complete standstill the steelmaking facilities and reduced to the minimum the operations of the blast furnaces.

The plant is to resume normal operations in 3-4 days, according to the Association of Ukrainian Steelmakers.

According to Millennium Capital analyst “The news is NEGATIVE for Enakievo steelworks. The week long breakup in production is to reduce the plant’s February steel output by at least 25%. The scope of the breakup can be more serious, as the issue is not publicly commented, and it may take longer for the company to resume normal operations.”

(sourced:Millennium Capital)

Ukraine maintains December steel production level in January

Wednesday, 09 Feb 2011
It is reported that in January 2011, Ukrainian steelmakers have decreased crude steel output by 1% MoM. Alchevsk Steelworks has boosted the production of crude steel and rolled products by 12% and 15% respectively, while the other producers have shown few changes.
According to Millennium Capital analyst “The news is NEUTRAL for the steel producers. The Ukrainian steel industry has had little change in output comparing to the previous month, apart from Alchevsk Steelworks. We have anticipated the latter’s output to grow, as the parent company has attracted USD 500 million loans in December, managing to stabilize raw material supplies, the cause of the company’s underperformance in 2010.”
Tags: Ukrainian steelmakers, decreased, crude steel output, Millennium Capital, raw materials
(sourced:Millennium Capital)