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October 12, 2008


Ukrainian iron ore output in February down by 9.2% MoM

According to Millennium capital, Ukraine’s crude iron ore and ore concentrate output dropped 9.2% MoM in February 2008.

The ore mining companies that posted the worst output dynamics in February were: Sukha Balka crude iron ore output down by 64.2% MoM and 62.3% YoY and Ferrexpo Poltava OMEP pellets output down by 6.0% MoM but up by 0.8% YoY. There were only two ore mining companies that showed output growth in February:Pivdennyi OMEP concentrate output up by 0.5% MoM and Pivnichnyi OMEP pellets output up by 0.9% MoM.

Iron ore

CompanyFeb'08Jan'08ChangJ-F'08J-F'07Change
SUBA93258-64.2%351500-29.9%
Others1,0581,079-2.0%2,1372,178-1.9%
Total 1,1501,337-14.0%2,4872,678-7.1%

Concentrate
CompanyFeb'08Jan'08ChangJ-F'08J-F'07Change
IGOK1,1851,231-3.70%2,4161,98121.9%
SGOK1,0791,158-6.80%2,2372,0817.5%
PGOK829882-6.00%1,7111,728-1.0%
PGZK700741-5.50%1,4411,4400.1%
CGOK548570-3.90%1,11895916.6%
Others586776-24.60%1,3621,365-0.2%
Total4,9275,358-8.00%10,2859,5547.60%

Agglomerates
CompanyFeb'08Jan'08ChangJ-F'08J-F'07Change
PGZK4064040.50%810855-5.3%
Others3,5973,689-2.50%7,2867,2250.8%
Total4,0034,093-2.20%8,0968,0800.2%

Pellets
CompanyFeb'08Jan'08ChangeJ-F'08J-F'07Change
SGOK8738650.90%1,7381,6733.9%
PGOK710755-6.00%1,4651,506-2.7%
CGOK194206-5.60%4003873.2%
Total1,7771,826-2.70%3,6033,5661.0%

Sourced from Millennium Capital