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)
Much more about metal of Ukraine, Russia and other CIS-countries at https://metalukraine.com/