AzovElectroStal increases output in 2010
It is reported that AzovElectroStal, a Ukrainian steel maker affiliated with Azovmash, increased output by 2.4 times YoY in 2010. Company also plans further expansion in 2011.According to a Millennium Capital analyst, “We consider the news as positive for Mariupol Heavy Machinery controlled by Azovmash. Earlier the latter announced plans to increase output of freight…