Azovstal Iron and Steel Works, one of Ukraine’s leading steel makers, in the first half of 2012 increased its net loss 8.2 times YoY to UAH 1.2 billion. Gross loss totalled UAH 717.1 million in H1 2012 versus gross profit at the level of UAH 372.1 million in H1 2011. The revenue from sales decreased by 23.7% YoY to UAH 17.5 billion. (Phoenix Capital)