The Ukrainian Metal

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 railcars by 1.2-1.5 times YoY in 2011. AzovElectroStal production increase will guarantee supply of car casting to both plants in order to realize their volume plans.” (Millenium Capital)

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