It is reported that Alchevsk Iron and Steel Works and Dneprovsky Iron and Steel Works named after F. Dzerzhinsky (DMKD), the steelmaking subsidiaries of the Ukrainian steel producer Industrial Union of Donbass, have issued their preliminary production results for the first eight months of the current year.
In January to August Alchevsk Iron and Steel Works saw its crude steel production decline by 19.4% YoY to 1.985 million tons, finished steel products output drop by 18.5% YoY to 1.829 million tons, pig iron production fall by 20.8% YoY to 1.769 million tons while its agglomerate production declined by one percent to 2.938 million tons.
In August Alchevsk Iron and Steel Works produced 223,000 tons of crude steel, up by 62.8%, 178,000 tons of finished steel products, up by 43.5%, 202,000 tons of pig iron, up by 68.3%, and 402,000 tons of agglomerate, up by 47.2%.
During the first eight months of 2010, DMKD registered an approximate 24% YoY decrease in its crude steel production to 1.771 million tons, a 25.2% YoY drop in its finished steel product output to 1.672 million tons, a 21.8% YoY fall in its pig iron production to 1.698 million tons, and around a 13% YoY decrease in its agglomerate output to 2.797 million tons.
In August DMKD produced 186,000 tonnes of crude steel up by 38.8% MoM, 154,000 tonnes of finished steel products up by 2% MoM, 168,000 tonnes of pig iron up by 40% MoM and 312,000 tonnes of agglomerate up by 21% MoM.
In August both Alchevsk and DMKD managed to significantly increase their capacity utilization levels to 42% and 55% respectively from 27% and 39% in July mainly due to their agreement with the Ukrainian mining and steel producing company Metinvest Group on the partial resumption of iron ore supplies.
Analysts from Astrum Investment Management noted that “Given Metinvest’s plans to further boost supplies to these companies in September these companies should boost output by 10% to 15% in the current month.”. (SteelOrbis)
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