It is reported that Yenakievo Iron and Steel Works (ENMZ) increased net losses in H1 2011 by 29% YoY to $78 million, but cut them in half QoQ to $26 million in Q2.
Azovstal Iron and Steel Works (AZST) posted $19 million in net losses in H1 2011 after recording $12 million in net profit for the same period last year. However the company managed to stay in the black in Q2 with $11.7 million in net profit. (Phoenix Capital)