In November this year, Ukrainian crude steel output registered a slight decrease, with domestic steelmakers producing 2.85 million mt, down 1.1 percent compared to October.
Accordingly, November's performance was mainly driven by increased production of Ukraine's largest mills, ArcelorMittal Kriviy Rih and Metinvest's two flagship mills, Azovstal and Yenakievo, which expanded their crude steel outputs by 1.1 percent, 1.1 percent and 10.5 percent month on month respectively. Meanwhile, the worst top-tier performers in November were Ilyich Iron and Steel Works of Mariupol (Ilyich) and Industrial Union of Donbass' (ISD) subsidiaries Alchevsk Iron and Steel Works (Alchevsk) and Dneprovsky Iron and Steel Works named after F. Dzerzhinsky (DMKD), which registered 3.5 percent, 3.2 percent and 3.1 percent drops month on month respectively.
Meanwhile, considering the results from the first 11 months of this year, Ilyich remains a top mill boosting output by 33 percent, with ArcelorMittal Kriviy Rih and Azovstal contributing 25 percent and 24.4 percent year-on-year growth rates.
Nov 2010 (mt) |
Change m-o-m |
Jan-Nov 2010 (mt) |
Change y-o-y |
|
ArcelorMittal Kriviy Rih |
568,000 |
+1.1% |
5,669,000 |
+25% |
Azovstal |
490,520 |
+1.1% |
5,194,640 |
+24.4% |
519,970 |
-3.4% |
5,103,980 |
+33% |
|
309,000 |
-2.2% |
3,051,000 |
+1.1% |
|
Yenakievo |
179,450 |
+10.5% |
2,269,050 |
+4.3% |
Alchevsk |
214,000 |
-3.2% |
2,646,000 |
-21.8% |
DMKD |
250,000 |
-3.1% |
2,514,000 |
-19.7% |
According to Eugen Dubogryz, analyst from BG Capital, December production should see a slight improvement in daily terms backed by a seasonal demand pick-up ahead of the Chinese New Year in January.