Alchevsk Iron and Steel Works finished H1 2012 with net loss of UAH 140.5 million versus net profit of UAH 42.4 million in H1 2011.
The volume of sales reduced by 24.7% YoY to UAH 9.4 billion over this period. The company decreased gross loss by 74.8% YoY to UAH 150.5 million.
As reported, Alchevsk Iron and Steel Works sold 1.7 million tons of metal products. 8.4% of this volume was delivered to the local markets. The EU member states proved to be the main markets for the company’s products, having accounted for a 35.86% share of all products sold. 19.1% was marketed to the CIS countries and 17.4% was delivered to the Asian and African countries. (Phoenix Capital)